Registered number
07764317
Nuvex Ltd
Unaudited Abbreviated Accounts
30 September 2016
Nuvex Ltd
Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Nuvex Ltd for the year ended 30 September 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Nuvex Ltd for the year ended 30 September 2016 which comprise of the balance sheet 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, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook.
This report is made solely to the Board of Directors of Nuvex Ltd, as a body, in accordance with the terms of our engagement letter dated 27 April 2016. Our work has been undertaken solely to prepare for your approval the accounts of Nuvex Ltd and state those matters that we have agreed to state to the Board of Directors of Nuvex Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nuvex Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Nuvex Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Nuvex Ltd. You consider that Nuvex Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Nuvex 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 abbreviated accounts.
Jon Essam & Co Ltd
Chartered Accountants
23 Cottingham Way
Thrapston
Kettering
Northants
NN14 4PL
23 February 2017
Nuvex Ltd
Registered number: 07764317
Abbreviated Balance Sheet
as at 30 September 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 32,563 28,508
Current assets
Stocks 22,695 1,775
Debtors 67,953 38,927
Cash at bank and in hand 19,814 25,688
110,462 66,390
Creditors: amounts falling due within one year (74,121) (54,175)
Net current assets 36,341 12,215
Total assets less current liabilities 68,904 40,723
Creditors: amounts falling due after more than one year (3,379) (5,914)
Provisions for liabilities (6,293) (5,434)
Net assets 59,232 29,375
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 59,132 29,275
Shareholder's funds 59,232 29,375
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
D K Baker
Director
Approved by the board on 23 February 2017
Nuvex Ltd
Notes to the Abbreviated Accounts
for the year ended 30 September 2016
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value of sales, net of VAT and discounts, of materials provided to customers and work carried out in respect of installation and repair services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Tools and office equipment 15% reducing balance
Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net relisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net relisable value is less than cost.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
2 Tangible fixed assets £
Cost
At 1 October 2015 40,391
Additions 11,855
At 30 September 2016 52,246
Depreciation
At 1 October 2015 11,883
Charge for the year 7,800
At 30 September 2016 19,683
Net book value
At 30 September 2016 32,563
At 30 September 2015 28,508
3 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
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