Novikovnorton Limited - Accounts to registrar - small 17.2

Novikovnorton Limited - Accounts to registrar - small 17.2

NOVIKOVNORTON LIMITED - Company Information

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REGISTERED NUMBER: 08551253 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

NOVIKOVNORTON LIMITED

NOVIKOVNORTON LIMITED (REGISTERED NUMBER: 08551253)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NOVIKOVNORTON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2017







DIRECTOR: Mrs E Norton





REGISTERED OFFICE: Suite 88
19-21 Crawford Street
London
W1H 1PJ





REGISTERED NUMBER: 08551253 (England and Wales)





ACCOUNTANTS: Arithma LLP
Chartered Certified Accountants
9 Mansfield Street
London
W1G 9NY
Page 1
NOVIKOVNORTON LIMITED (REGISTERED NUMBER: 08551253)

BALANCE SHEET
31 MARCH 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,631 1,219

CURRENT ASSETS
Cash at bank 71,450 125,370

CREDITORS
Amounts falling due within one year 5 4,713 17,366
NET CURRENT ASSETS 66,737 108,004
TOTAL ASSETS LESS CURRENT
LIABILITIES
68,368
109,223

PROVISIONS FOR LIABILITIES 326 244
NET ASSETS 68,042 108,979

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 67,942 108,879
SHAREHOLDERS' FUNDS 68,042 108,979

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 2 November 2017 and were signed by:



Mrs E Norton - Director


The notes form part of these financial statements

Page 2
NOVIKOVNORTON LIMITED (REGISTERED NUMBER: 08551253)

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


1. STATUTORY INFORMATION

Novikovnorton 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

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 .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2016 324 1,360 1,684
Additions - 929 929
At 31 March 2017 324 2,289 2,613
DEPRECIATION
At 1 April 2016 125 340 465
Charge for year 30 487 517
At 31 March 2017 155 827 982
NET BOOK VALUE
At 31 March 2017 169 1,462 1,631
At 31 March 2016 199 1,020 1,219

Page 3 continued...
NOVIKOVNORTON LIMITED (REGISTERED NUMBER: 08551253)

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


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Taxation and social security - 3,421
Other creditors 4,713 13,945
4,713 17,366

6. FIRST YEAR ADOPTION

These are the first financial statements that comply with Section 1A of FRS 102. The company
transitioned to FRS 102 on 1April 2016.

Reconciliation of equity
No transitional adjustments were required.

Reconciliation of profit or loss for the year
No transitional adjustments were required.

The company has adopted FRS 102 for the year ended 31March 2017 for the first time. No
restatement of prior year profit under UK GAAP, nor restatement of equity under UK GAAP was
required.


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