Naythen James Designs Limited,Ltd - AccountsLtd - Accounts

Naythen James Designs Limited,Ltd - AccountsLtd - Accounts

NAYTHEN JAMES DESIGNS LIMITED - Company Information

Print Friendly Version

2017-07-01 03787281 2018-06-30 03787281 2017-07-01 2018-06-30 03787281 2017-06-30 03787281 2016-07-01 2017-06-30 03787281 uk-core:WithinOneYear 2017-06-30 03787281 uk-core:WithinOneYear 2018-06-30 03787281 uk-core:ShareCapital 2018-06-30 03787281 uk-core:ShareCapital 2017-06-30 03787281 uk-core:RetainedEarningsAccumulatedLosses 2018-06-30 03787281 uk-core:RetainedEarningsAccumulatedLosses 2017-06-30 03787281 uk-bus:Director1 2017-07-01 2018-06-30 03787281 uk-core:ToolsEquipment 2017-07-01 2018-06-30 03787281 uk-core:FurnitureFittings 2017-07-01 2018-06-30 03787281 uk-core:ToolsEquipment 2017-06-30 03787281 uk-core:FurnitureFittings 2017-06-30 03787281 uk-core:FurnitureFittings 2018-06-30 03787281 uk-core:ToolsEquipment 2018-06-30 03787281 uk-core:WithinOneYear 2018-06-30 03787281 uk-core:WithinOneYear 2017-06-30 03787281 uk-core:WithinOneYear 2017-07-01 2018-06-30 iso4217:GBP 03787281 uk-bus:AuditExemptWithAccountantsReport 2017-07-01 2018-06-30 03787281 uk-bus:FRS102 2017-07-01 2018-06-30 03787281 uk-bus:FullAccounts 2017-07-01 2018-06-30 03787281 uk-bus:PrivateLimitedCompanyLtd 2017-07-01 2018-06-30
Naythen James Designs Limited
Registered Number:03787281
For the year ended 30 June 2018
England and Wales
Unaudited Financial Statements
2
For the year ended 30 June 2018
Naythen James Designs Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 30 June 2018
Naythen James Designs Limited
Statement of Financial Position
Registered Number :
03787281
£
£
2017
2018
Notes
Fixed assets
Property, plant and equipment
4,727
5,560
2
4,727
5,560
Current assets
Trade and other receivables
6,806
18,749
3
63,528
Cash and cash equivalents
33,009
51,758
70,334
Trade and other payables: amounts falling due within one
year
(16,907)
(12,135)
4
53,427
39,623
Net current assets
Total assets less current liabilities
44,350
58,987
44,350
Net assets
58,987
Capital and reserves
Called up share capital
10
10
Retained earnings
44,340
58,977
44,350
58,987
Shareholders' funds
For the year ended 30 June 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Nainesh Patel Director
These financial statements were approved and authorised for issue by the Board on 06 November 2018 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 30 June 2018
Naythen James Designs Limited
Notes to the Financial Statements
Statutory Information
Naythen James Designs Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 03787281.
Principal place of business:
8 Ashlea
Hook
Hampshire
RG27 9RQ
Registered address:
4A Moss Lane
Swinton
Manchester
M27 9SA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
15% Reducing balance
Computer equipment
15% Reducing balance
Fixtures and fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 3
5
For the year ended 30 June 2018
Naythen James Designs Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
£
£
£
Cost or
valuation
At 01 July 2017
16,572
15,949
623
At 30 June 2018
623
15,949
16,572
Provision for depreciation and impairment
At 01 July 2017
11,012
10,839
173
Charge for year
833
766
67
At 30 June 2018
11,845
11,605
240
At 30 June 2018
Net book value
383
4,344
4,727
At 30 June 2017
450
5,110
5,560
3. Trade and other receivables
2017
2018
£
£
Trade debtors
2,400
6,350
Taxation and social security
1,349
456
Other debtors
15,000
-
6,806
18,749
4. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Bank loans and overdraft
708
1,696
Trade creditors
(1)
(1)
Taxation and social security
9,898
13,745
Accruals and deferred income
660
600
Directors' loan accounts
870
867
12,135
16,907
Included within other creditors are amounts owing to the directors totalling £870. These loans are interest free and repayable on demand.
5. Directors advances and guarantees
As at 30th June 2018, the directors had loans outstanding to the company of £15,000. The maximum outstanding in
the year was £71,000.
3 of 3