Registration number:
for the
Year Ended
Nebula Systems (UK) Ltd
Contents
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4 ) have been prepared.
Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Nebula Systems (UK) Ltd
for the Year Ended 31 May 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Nebula Systems (UK) Ltd for the year ended 31 May 2015 set out on pages from the company's accounting records and from information and explanations you have given us.
We have carried out this engagement in accordance with technical guidance issued by the Association of Accounting Technicians and have complied with the ethical guidance laid down by the Association relating to members undertaking the compilation of financial statements.
This report is made solely to the Board of Directors of Nebula Systems (UK) Ltd, as a body, in accordance with the terms of our engagement letter dated 31 January 2008. Our work has been undertaken solely to prepare for your approval the accounts of Nebula Systems (UK) Ltd and state those matters that we have agreed to state to them, as a body, in this report and for no other purpose.To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nebula Systems (UK) Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Nebula Systems (UK) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Nebula Systems (UK) Ltd. You consider that Nebula Systems (UK) Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Nebula Systems (UK) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Birkett Ferguson Associates Ltd
Accountancy and Taxation Services
186B Lower Blandford Road
Broadstone
Dorset
BH18 8DP
4 September 2015
Nebula Systems (UK) Ltd
(Registration number: 04774017)
Abbreviated Balance Sheet at 31 May 2015
Note |
2015
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2014
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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( |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Shareholders' deficit |
( |
( |
Approved by the Board on
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2
Nebula Systems (UK) Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 May 2015
......... continued
Accounting policies |
Basis of preparation
Going concern
The financial statements have been prepared on a going concern basis. The balance sheet shows a net insolvency of £38,020 however the directors consider ongoing and upcoming business sufficient to trade profitably and therefore appropriate to continue preparing accounts for the company as a going concern.
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Office equipment |
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Motor vehicles |
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Land and buildings |
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Stock
Deferred tax
Hire purchase and leasing
Nebula Systems (UK) Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 May 2015
......... continued
Financial instruments
Fixed assets |
Tangible assets
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Cost |
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At 1 June 2014 |
126,300 |
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Additions |
8,418 |
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At 31 May 2015 |
134,718 |
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Depreciation |
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At 1 June 2014 |
66,056 |
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Charge for the year |
15,078 |
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At 31 May 2015 |
81,134 |
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Net book value |
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At 31 May 2015 |
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At 31 May 2014 |
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Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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