Next World Corporate Services Limited - Accounts to registrar - small 17.2

Next World Corporate Services Limited - Accounts to registrar - small 17.2

NEXT WORLD CORPORATE SERVICES LIMITED - Company Information

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REGISTERED NUMBER: 08915545 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2016

for

Next World Corporate Services Limited

Next World Corporate Services Limited (Registered number: 08915545)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

Next World Corporate Services Limited

Company Information
for the Year Ended 31 December 2016







DIRECTORS: C Paton
J Theot





REGISTERED OFFICE: Pinnacle House, First Floor
31 Cross Lances Road
Hounslow
Middlesex
TW3 2AD





REGISTERED NUMBER: 08915545 (England and Wales)





ACCOUNTANTS: J Aslam
31 Cross Lances Road
Hounslow
Middlesex
TW3 2AD
Page 1
Next World Corporate Services Limited (Registered number: 08915545)

Balance Sheet
31 December 2016

31.12.16 31.12.15
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 3,316 847

CURRENT ASSETS
Debtors 5 16,847 6,192
Cash at bank 442,293 4,894
459,140 11,086
CREDITORS
Amounts falling due within one year 6 409,612 -
NET CURRENT ASSETS 49,528 11,086
TOTAL ASSETS LESS CURRENT
LIABILITIES
52,844
11,933

RESERVES
Retained earnings 8 52,844 11,933
SHAREHOLDERS' FUNDS 52,844 11,933

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 14 September 2017 and were signed on its behalf
by:





C Paton - Director


The notes form part of these financial statements

Page 2
Next World Corporate Services Limited (Registered number: 08915545)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

Next World Corporate Services 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
Revenue 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.

Computer equipment has been depreciated using the straight line method over 3 years.

Furniture and Fittings have been depreciated using the straight line method over 3 years.

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.

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 2 .

Page 3 continued...
Next World Corporate Services Limited (Registered number: 08915545)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

4. PROPERTY, PLANT AND EQUIPMENT
Computer
FFE equipment Totals
£    £    £   
COST
At 1 January 2016 - 1,010 1,010
Additions 1,556 2,524 4,080
At 31 December 2016 1,556 3,534 5,090
DEPRECIATION
At 1 January 2016 - 163 163
Charge for year 259 1,352 1,611
At 31 December 2016 259 1,515 1,774
NET BOOK VALUE
At 31 December 2016 1,297 2,019 3,316
At 31 December 2015 - 847 847

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Deposits 11,400 -
VAT 5,447 6,192
16,847 6,192

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade creditors (1 ) -
Tax 13,614 -
Other creditors 135,806 -
Accrued expenses 260,193 -
409,612 -

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.12.16 31.12.15
value: £    £   
1 Ordinary 1 - -

Page 4 continued...
Next World Corporate Services Limited (Registered number: 08915545)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

8. RESERVES
Retained
earnings
£   

At 1 January 2016 11,933
Profit for the year 40,911
At 31 December 2016 52,844

Page 5
Next World Corporate Services Limited

Report of the Accountants to the Directors of
Next World Corporate Services Limited

The following reproduces the text of the report prepared for the directors and members in respect of the
company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is
only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other
primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2016 set out on pages two to three and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






J Aslam
31 Cross Lances Road
Hounslow
Middlesex
TW3 2AD


14 September 2017

This page does not form part of the statutory financial statements

Page 6