Nitros Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06124100 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 28 February 2015

for

Nitros Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr S L Lupu

SECRETARY:

Mrs R Lupu

REGISTERED OFFICE:

83 The Greenway

London

NW9 5AR

REGISTERED NUMBER:

06124100 (England and Wales)

ACCOUNTANTS:

E Johnson & Associates

Chartered Certified Accountants

637 Green Lanes

London

N8 0RE

FIXED ASSETS

Tangible assets

2

2,782

1,610

CURRENT ASSETS

Stocks

9,672

-

Debtors

5,130

3,137

Cash at bank

4,546

4,519

19,348

7,656

CREDITORS

Amounts falling due within one year

22,030

9,194

NET CURRENT LIABILITIES

(2,682

)

(1,538

)

TOTAL ASSETS LESS CURRENT LIABILITIES

100

72

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

98

70

SHAREHOLDERS' FUNDS

100

72

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 18 November 2015 and were signed by:

Mr S L Lupu - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

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

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2014

7,076

Additions

2,100

At 28 February 2015

9,176

DEPRECIATION

At 1 March 2014

5,466

Charge for year

928

At 28 February 2015

6,394

NET BOOK VALUE

At 28 February 2015

2,782

At 28 February 2014

1,610

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.15

28.2.14

value:

£

£

2

Ordinary

£1

2

2