Nalestar Limited - Accounts to registrar (filleted) - small 17.3
Nalestar Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30th April 2017 |
| for |
| NALESTAR LIMITED |
| NALESTAR LIMITED (REGISTERED NUMBER: 01255101) |
| Contents of the Financial Statements |
| for the Year Ended 30th April 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| NALESTAR LIMITED |
| Company Information |
| for the Year Ended 30th April 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 41 St Thomas's Road |
| Chorley |
| Lancashire |
| PR7 1JE |
| NALESTAR LIMITED (REGISTERED NUMBER: 01255101) |
| Balance Sheet |
| 30th April 2017 |
| 30.4.17 | 30.4.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
| PROVISIONS FOR LIABILITIES | 10 | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 11 |
| Retained earnings | 12 |
| SHAREHOLDERS' FUNDS |
| 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. |
| NALESTAR LIMITED (REGISTERED NUMBER: 01255101) |
| Balance Sheet - continued |
| 30th April 2017 |
| 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 behalf by: |
| NALESTAR LIMITED (REGISTERED NUMBER: 01255101) |
| Notes to the Financial Statements |
| for the Year Ended 30th April 2017 |
| 1. | STATUTORY INFORMATION |
| Nalestar Limited is a |
| 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 for the year ended 30 April 2017 are the first financial statements that comply with |
| FRS 102 Section 1A for small entities. The date of transition is 1 May 2015. |
| Turnover |
| Turnover represents the value of goods, excluding value added tax, provided to customers during the year. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| The Freehold Property has not been depreciated as requested by the directors who consider the asset to have a |
| very long useful economic life and a high residual value. |
| Stocks |
| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance |
| for obsolete and slow moving items. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in |
| bringing stocks to their present location and condition. |
| 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. |
| NALESTAR LIMITED (REGISTERED NUMBER: 01255101) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th April 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Pension costs and other post-retirement benefits |
| The company makes payments to the director's own private pension plans. Contributions to the director's |
| pension plans are charged to the profit and loss account in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | Plant and | and | Motor |
| property | machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1st May 2016 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30th April 2017 |
| DEPRECIATION |
| At 1st May 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30th April 2017 |
| NET BOOK VALUE |
| At 30th April 2017 |
| At 30th April 2016 |
| 5. | STOCKS |
| 30.4.17 | 30.4.16 |
| £ | £ |
| Stock of materials |
| Finished goods and W.I.P |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.4.17 | 30.4.16 |
| £ | £ |
| Trade debtors |
| Prepayments and accrued income |
| NALESTAR LIMITED (REGISTERED NUMBER: 01255101) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th April 2017 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.4.17 | 30.4.16 |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Other creditors |
| Amounts owed to group | - | 120,000 |
| Accrued expenses |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.4.17 | 30.4.16 |
| £ | £ |
| Other loan - 1-2 years |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 30.4.17 | 30.4.16 |
| £ | £ |
| Other loan | 300,000 | - |
| The loan above shall be secured against all present and future assets of the company. |
| 10. | PROVISIONS FOR LIABILITIES |
| 30.4.17 | 30.4.16 |
| £ | £ |
| Deferred tax | - | 1,610 |
| Deferred |
| tax |
| £ |
| Balance at 1st May 2016 |
| Accelerated capital allowances | (1,610 | ) |
| Balance at 30th April 2017 |
| 11. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.4.17 | 30.4.16 |
| value: | £ | £ |
| Ordinary | £1 | 50,000 | 50,000 |
| NALESTAR LIMITED (REGISTERED NUMBER: 01255101) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th April 2017 |
| 12. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1st May 2016 |
| Profit for the year |
| Dividends | ( |
) |
| At 30th April 2017 |
| 13. | RELATED PARTY DISCLOSURES |
| Bibby Ventures Limited |
| The company received a loan during the year from Bibby Ventures Limited, a company wholly owed by Mr P |
| Bibby. |
| The amount due to the related party at the balance sheet date was £300,000 (2016 - £Nil). |