Niton UK Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 03942878 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

NITON UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M I Sibbald

M E Sibbald

SECRETARY:

Mrs M Sibbald

REGISTERED OFFICE:

Unit 19 The Calvert Centre

Woodmancott

Winchester

Hampshire

SO21 3BN

REGISTERED NUMBER:

03942878 (England and Wales)

FIXED ASSETS

Tangible assets

4

226,328

172,175

Investments

5

1

1

226,329

172,176

CURRENT ASSETS

Stocks

207,940

361,966

Debtors

6

471,719

310,014

679,659

671,980

CREDITORS

Amounts falling due within one year

7

699,545

744,614

NET CURRENT LIABILITIES

(19,886

)

(72,634

)

TOTAL ASSETS LESS CURRENT LIABILITIES

206,443

99,542

CREDITORS

Amounts falling due after more than one year

8

85,877

63,711

NET ASSETS

120,566

35,831

CAPITAL AND RESERVES

Called up share capital

9

500

500

Retained earnings

10

120,066

35,331

SHAREHOLDERS' FUNDS

120,566

35,831

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 24 July 2017 and were signed on its behalf by:

M I Sibbald - Director

1.	STATUTORY INFORMATION

Niton UK Ltd 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.

Tangible fixed assets

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

Plant and machinery

-

at varying rates on cost

Motor vehicles

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2016

344,313

91,561

16,474

-

452,348

Additions

190,632

-

-

1,649

192,281

Disposals

(134,361

)

-

(2,924

)

-

(137,285

)

At 31 December 2016

400,584

91,561

13,550

1,649

507,344

DEPRECIATION

At 1 January 2016

216,982

61,951

1,240

-

280,173

Charge for year

30,352

7,831

2,995

173

41,351

Eliminated on disposal

(40,508

)

-

-

-

(40,508

)

At 31 December 2016

206,826

69,782

4,235

173

281,016

NET BOOK VALUE

At 31 December 2016

193,758

21,779

9,315

1,476

226,328

At 31 December 2015

127,331

29,610

15,234

-

172,175

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2016

and 31 December 2016

1

NET BOOK VALUE

At 31 December 2016

1

At 31 December 2015

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/16

31/12/15

£

£

Trade debtors

210,285

263,961

Amounts owed by group undertakings

27,679

27,679

Other debtors

233,755

18,374

471,719

310,014

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/16

31/12/15

£

£

Bank loans and overdrafts

70,658

180,177

Hire purchase contracts

21,583

22,081

Trade creditors

355,005

334,321

Taxation and social security

186,970

94,962

Other creditors

65,329

113,073

699,545

744,614

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/16

31/12/15

£

£

Hire purchase contracts

36,277

-

Other creditors

49,600

63,711

85,877

63,711

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/16

31/12/15

value:

£

£

500

Ordinary

£1

500

500

10.

RESERVES

Retained

earnings

£

At 1 January 2016

35,331

Profit for the year

136,735

Dividends

(52,000

)

At 31 December 2016

120,066

11.	ULTIMATE CONTROLLING PARTY

M E Sibbald and M I Sibbald own 100% of the share capital and therefore control the Company.