Company Registration No. 04605521 (England and Wales)
NSK PROPERTY SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017
PAGES FOR FILING WITH REGISTRAR
NSK PROPERTY SERVICES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
NSK PROPERTY SERVICES LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2017
31 December 2017
- 1 -
2017
2016
Notes
£
£
£
£
Fixed assets
Tangible assets
3
10,905
7,660
Current assets
Debtors
22,233
18,012
Cash at bank and in hand
142
511
22,375
18,523
Creditors: amounts falling due within one year
4
(15,054)
(8,563)
Net current assets
7,321
9,960
Total assets less current liabilities
18,226
17,620
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
18,126
17,520
Total equity
18,226
17,620
In accordance with section 444 of the Companies Act 2006 all
of
the members of the company have consented to the
preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (S.I. 2008/409)(b).
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 12 June 2019
Mr S Patel
Director
Company Registration No. 04605521
NSK PROPERTY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017
- 2 -
1
Accounting policies
Company information
NSK Property Services Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
140 Buckingham Palace Road, London, SW1W 9SA.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared with early application of
the
FRS 102 Triennial Review 2017 amendments in full.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery
10% on Cost
Fixtures, fittings & equipment
25% Reducing Balance
Motor vehicles
25% Reducing Balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 2 (2016 - 2).
NSK PROPERTY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2017
- 3 -
3
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2017
8,280
1,000
3,150
12,430
Additions
-
-
5,500
5,500
At 31 December 2017
8,280
1,000
8,650
17,930
Depreciation and impairment
At 1 January 2017
828
972
2,970
4,770
Depreciation charged in the year
828
7
1,420
2,255
At 31 December 2017
1,656
979
4,390
7,025
Carrying amount
At 31 December 2017
6,624
21
4,260
10,905
At 31 December 2016
7,452
28
180
7,660
4
Creditors: amounts falling due within one year
2017
2016
£
£
Bank loans and overdrafts
786
786
Corporation tax
5,341
4,327
Other taxation and social security
5,252
-
Other creditors
3,675
3,450
15,054
8,563
5
Called up share capital
2017
2016
£
£
Ordinary share capital
Issued and fully paid
100 "A" Ordinary Shares of £1 each
100
100
6
Control
The company was under the control of it's director during the year.