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REGISTERED NUMBER: 07258908 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2017

FOR

NEXUS COMPONENTS LIMITED

NEXUS COMPONENTS LIMITED (REGISTERED NUMBER: 07258908)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEXUS COMPONENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2017







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

NEXUS COMPONENTS LIMITED (REGISTERED NUMBER: 07258908)

BALANCE SHEET
31 MAY 2017

2017 2016
Notes £    £    £    £   
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.

NEXUS COMPONENTS LIMITED (REGISTERED NUMBER: 07258908)

BALANCE SHEET - continued
31 MAY 2017


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


NEXUS COMPONENTS LIMITED (REGISTERED NUMBER: 07258908)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2017

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.

NEXUS COMPONENTS LIMITED (REGISTERED NUMBER: 07258908)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2017

2. ACCOUNTING POLICIES - continued

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

NEXUS COMPONENTS LIMITED (REGISTERED NUMBER: 07258908)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2017

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