false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
false
No description of principal activity
2017-07-01
Sage Accounts Production Advanced 2017 Update 3 - FRS
47,000
47,000
47,000
xbrli:pure
xbrli:shares
iso4217:GBP
04025092
2017-07-01
2017-10-31
04025092
2017-10-31
04025092
2017-06-30
04025092
2016-07-01
2017-06-30
04025092
2017-06-30
04025092
core:PlantMachinery
2017-07-01
2017-10-31
04025092
core:MotorVehicles
2017-07-01
2017-10-31
04025092
bus:LeadAgentIfApplicable
2017-07-01
2017-10-31
04025092
bus:Director1
2017-07-01
2017-10-31
04025092
core:PlantMachinery
2017-06-30
04025092
core:MotorVehicles
2017-06-30
04025092
core:PlantMachinery
2017-10-31
04025092
core:MotorVehicles
2017-10-31
04025092
core:WithinOneYear
2017-10-31
04025092
core:WithinOneYear
2017-06-30
04025092
core:ShareCapital
2017-10-31
04025092
core:ShareCapital
2017-06-30
04025092
core:RevaluationReserve
2017-10-31
04025092
core:RevaluationReserve
2017-06-30
04025092
core:RetainedEarningsAccumulatedLosses
2017-10-31
04025092
core:RetainedEarningsAccumulatedLosses
2017-06-30
04025092
core:CostValuation
core:Non-currentFinancialInstruments
2017-10-31
04025092
core:Non-currentFinancialInstruments
2017-10-31
04025092
core:Non-currentFinancialInstruments
2017-06-30
04025092
core:PlantMachinery
2017-06-30
04025092
core:MotorVehicles
2017-06-30
04025092
bus:Director1
2017-06-30
04025092
bus:Director1
2017-10-31
04025092
bus:Director1
2016-06-30
04025092
bus:Director1
2017-06-30
04025092
bus:Director1
2016-07-01
2017-06-30
04025092
bus:FRS102
2017-07-01
2017-10-31
04025092
bus:AuditExemptWithAccountantsReport
2017-07-01
2017-10-31
04025092
bus:FullAccounts
2017-07-01
2017-10-31
04025092
bus:SmallCompaniesRegimeForAccounts
2017-07-01
2017-10-31
04025092
bus:PrivateLimitedCompanyLtd
2017-07-01
2017-10-31
04025092
core:OfficeEquipment
2017-07-01
2017-10-31
04025092
core:OfficeEquipment
2017-10-31
04025092
core:OfficeEquipment
2017-06-30
COMPANY REGISTRATION NUMBER:
04025092
Filleted Unaudited Financial Statements |
|
Period from 1 July 2017 to 31 October 2017
Statement of financial position |
1 |
|
|
Notes to the financial statements |
3 |
|
|
The following pages do not form part of the financial statements
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements |
9 |
|
|
Statement of Financial Position |
|
31 October 2017
|
31 Oct 17 |
30 Jun 17 |
Note |
£ |
£ |
£ |
|
|
|
|
Fixed assets
Tangible assets |
5 |
|
28,085 |
30,649 |
Investments |
6 |
|
47,000 |
47,000 |
|
|
-------- |
-------- |
|
|
75,085 |
77,649 |
|
|
|
|
|
Current assets
Stocks |
45,875 |
|
36,472 |
Debtors |
7 |
159,650 |
|
204,192 |
Cash at bank and in hand |
831 |
|
769 |
|
--------- |
|
--------- |
|
206,356 |
|
241,433 |
|
|
|
|
|
Creditors: amounts falling due within one year |
8 |
237,755 |
|
316,695 |
|
--------- |
|
--------- |
Net current liabilities |
|
31,399 |
75,262 |
|
|
-------- |
-------- |
Total assets less current liabilities |
|
43,686 |
2,387 |
|
|
|
|
|
Provisions
Taxation including deferred tax |
|
4,999 |
4,999 |
|
|
-------- |
------- |
Net assets/(liabilities) |
|
38,687 |
(
2,612) |
|
|
-------- |
------- |
|
|
|
|
Capital and reserves
Called up share capital |
|
1,000 |
1,000 |
Revaluation reserve |
|
36,957 |
36,957 |
Profit and loss account |
|
730 |
(
40,569) |
|
|
-------- |
-------- |
Shareholders funds/(deficit) |
|
38,687 |
(
2,612) |
|
|
-------- |
-------- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 October 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Statement of Financial Position (continued) |
|
31 October 2017
These financial statements were approved by the
board of directors
and authorised for issue on
1 December 2017
, and are signed on behalf of the board by:
Mr D P Christopherson |
Director |
|
Company registration number:
04025092
Notes to the Financial Statements |
|
Period from 1 July 2017 to 31 October 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Oakley House, Tetbury Road, Cirencester, Gloucestershire, GL7 1US.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have been prepared on a going concern basis. The company meets its day to day needs upon the continued support of its directors to provide the necessary funds to enable it to trade for the foreseeable future.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Plant and machinery |
- |
20% straight line |
|
Motor vehicles |
- |
25% reducing balance |
|
Equipment |
- |
33% straight line |
|
|
|
|
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
7
(2017:
7
).
5.
Tangible assets
|
Plant and machinery |
Motor vehicles |
Equipment |
Total |
|
£ |
£ |
£ |
£ |
Cost |
|
|
|
|
At 1 July 2017 and 31 October 2017 |
209,423 |
5,495 |
7,400 |
222,318 |
|
--------- |
------- |
------- |
--------- |
Depreciation |
|
|
|
|
At 1 July 2017 |
179,857 |
4,412 |
7,400 |
191,669 |
Charge for the period |
2,464 |
100 |
– |
2,564 |
|
--------- |
------- |
------- |
--------- |
At 31 October 2017 |
182,321 |
4,512 |
7,400 |
194,233 |
|
--------- |
------- |
------- |
--------- |
Carrying amount |
|
|
|
|
At 31 October 2017 |
27,102 |
983 |
– |
28,085 |
|
--------- |
------- |
------- |
--------- |
At 30 June 2017 |
29,566 |
1,083 |
– |
30,649 |
|
--------- |
------- |
------- |
--------- |
|
|
|
|
|
6.
Investments
|
Other investments other than loans |
|
£ |
Cost |
|
At 1 July 2017 and 31 October 2017 |
47,000 |
|
-------- |
Impairment |
|
At 1 July 2017 and 31 October 2017 |
– |
|
-------- |
|
|
Carrying amount |
|
At 31 October 2017 |
47,000 |
|
-------- |
At 30 June 2017 |
47,000 |
|
-------- |
|
|
7.
Debtors
|
31 Oct 17 |
30 Jun 17 |
|
£ |
£ |
Trade debtors |
142,379 |
185,447 |
Other debtors |
17,271 |
18,745 |
|
--------- |
--------- |
|
159,650 |
204,192 |
|
--------- |
--------- |
|
|
|
8.
Creditors:
amounts falling due within one year
|
31 Oct 17 |
30 Jun 17 |
|
£ |
£ |
Bank loans and overdrafts |
120,460 |
160,217 |
Trade creditors |
70,266 |
116,284 |
Social security and other taxes |
40,456 |
33,341 |
Other creditors |
6,573 |
6,853 |
|
--------- |
--------- |
|
237,755 |
316,695 |
|
--------- |
--------- |
|
|
|
9.
Directors' advances, credits and guarantees
During the period the directors entered into the following advances and credits with the company:
|
31 Oct 17 |
|
|
Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
|
|
£ |
£ |
£ |
£ |
|
Mr D P Christopherson |
(
4,029) |
3,373 |
– |
(
656) |
|
|
------- |
------- |
---- |
---- |
|
|
|
|
|
|
|
30 Jun 17 |
|
|
Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
|
|
£ |
£ |
£ |
£ |
|
Mr D P Christopherson |
(
995) |
– |
(
3,034) |
(
4,029) |
|
|
---- |
---- |
------- |
------- |
|
|
|
|
|
|
Period from 1 July 2017 to 31 October 2017
The following pages do not form part of the financial statements.
Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
Nibblers (UK) Ltd |
|
Period from 1 July 2017 to 31 October 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Nibblers (UK) Ltd for the period ended 31 October 2017, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Nibblers (UK) Ltd, as a body, in accordance with the terms of our engagement letter dated 14 June 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Nibblers (UK) Ltd and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nibblers (UK) Ltd and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Nibblers (UK) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Nibblers (UK) Ltd. You consider that Nibblers (UK) Ltd is exempt from the statutory audit requirement for the period. We have not been instructed to carry out an audit or a review of the financial statements of Nibblers (UK) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
McGILLS
Chartered Accountants
Oakley House
Tetbury Road
Cirencester
Gloucestershire
GL7 1US
4 December 2017