REGISTERED NUMBER: 07258908 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2017

FOR

NEXUS COMPONENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M P Tomlinson

Mrs C L Tomlinson

SECRETARY:

REGISTERED OFFICE:

Former Caton Library

Hornby Road

Caton

Lancaster

Lancashire

LA2 9QW

REGISTERED NUMBER:

07258908 (England and Wales)

ACCOUNTANTS:

RFM Lancaster

39 Northgate

White Lund

Morecambe

Lancashire

LA3 3PA

FIXED ASSETS

Intangible assets

4

8,000

10,000

Tangible assets

5

4,773

6,518

12,773

16,518

CURRENT ASSETS

Stocks

102,189

106,403

Debtors

6

187,957

122,708

Cash at bank and in hand

35,742

72,106

325,888

301,217

CREDITORS

Amounts falling due within one year

7

310,538

296,624

NET CURRENT ASSETS

15,350

4,593

TOTAL ASSETS LESS CURRENT LIABILITIES

28,123

21,111

CAPITAL AND RESERVES

Called up share capital

16,000

16,000

Retained earnings

12,123

5,111

SHAREHOLDERS' FUNDS

28,123

21,111

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 2 January 2018 and were signed on its behalf by:

Mrs C L Tomlinson - Director

1.	STATUTORY INFORMATION

Nexus Components 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.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2016

and 31 May 2017

20,000

AMORTISATION

At 1 June 2016

10,000

Charge for year

2,000

At 31 May 2017

12,000

NET BOOK VALUE

At 31 May 2017

8,000

At 31 May 2016

10,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2016

19,944

Additions

127

At 31 May 2017

20,071

DEPRECIATION

At 1 June 2016

13,426

Charge for year

1,872

At 31 May 2017

15,298

NET BOOK VALUE

At 31 May 2017

4,773

At 31 May 2016

6,518

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

186,915

97,146

Other debtors

1,042

25,562

187,957

122,708

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

619

27,581

Trade creditors

100,377

105,185

Taxation and social security

25,555

11,512

Other creditors

183,987

152,346

310,538

296,624