N V L Limited - Accounts to registrar (filleted) - small 18.2

N V L Limited - Accounts to registrar (filleted) - small 18.2

N V L LIMITED - Company Information

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N V L LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2017





Wilkinson and Partners
Chartered Accountants
Fairfax House
6a Mill Field Road
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PY








N V L LIMITED (REGISTERED NUMBER: 07945712)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


N V L LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2017







DIRECTOR: N S Beshirova





REGISTERED OFFICE: Fairfax House
6A Mill Field Road
Bradford
West Yorkshire
BD16 1PY





REGISTERED NUMBER: 07945712 (England and Wales)





ACCOUNTANTS: Wilkinson and Partners
Chartered Accountants
Fairfax House
6a Mill Field Road
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PY
Page 1
N V L LIMITED (REGISTERED NUMBER: 07945712)

BALANCE SHEET
28 FEBRUARY 2017

28.2.17 29.2.16
Notes £    £   
CURRENT ASSETS
Debtors 4 363,062 -
Cash at bank and in hand 416,144 3,708,787
779,206 3,708,787
CREDITORS
Amounts falling due within one year 5 379,721 2,926,249
NET CURRENT ASSETS 399,485 782,538
TOTAL ASSETS LESS CURRENT LIABILITIES 399,485 782,538

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 399,484 782,537
SHAREHOLDERS' FUNDS 399,485 782,538

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the
end of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 26 September 2018 and were signed by:





N S Beshirova - Director


The notes form part of these financial statements

Page 2
N V L LIMITED (REGISTERED NUMBER: 07945712)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2017


1. STATUTORY INFORMATION

N V L Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except
to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different
from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and
laws that have been enacted or substantively enacted by the year end and that are expected to apply to the
reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that
they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.17 29.2.16
£    £   
Directors' current accounts 363,062 -

Page 3 continued...
N V L LIMITED (REGISTERED NUMBER: 07945712)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2017


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.17 29.2.16
£    £   
Trade creditors - 361,538
Taxation and social security 100,769 196,532
Other creditors 278,952 2,368,179
379,721 2,926,249

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2017 and
29 February 2016:

28.2.17 29.2.16
£    £   
N S Beshirova
Balance outstanding at start of year - -
Amounts advanced 363,062 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 363,062 -

7. ULTIMATE CONTROLLING PARTY

The controlling party is N S Beshirova.

Page 4