Company Registration No. 8783288 (England and Wales)
Nourish Engineering Ltd
Unaudited accounts
for the year ended 31 December 2016
Nourish Engineering Ltd
Unaudited accounts
Contents
Nourish Engineering Ltd
Company Information
for the year ended 31 December 2016
Company Number
8783288 (England and Wales)
Registered Office
103 WILLOW PARK
OTFORD
SEVENOAKS
TN14 5NF
Accountants
J W Meredith
49 Westerham Road
Bessels Green
Sevenoaks
Kent
TN13 2QB
Nourish Engineering Ltd
Statement of financial position
as at
31 December 2016
Tangible assets
73,433
127,147
Inventories
126,182
141,409
Cash at bank and in hand
808
2,075
Creditors: amounts falling due within one year
(45,617)
(45,013)
Net current assets
95,141
101,676
Net assets
168,574
228,823
Called up share capital
235,000
235,000
Revaluation reserve
122,126
122,126
Profit and loss account
(188,552)
(128,303)
Shareholders' funds
168,574
228,823
For the year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 28 September 2017.
C Bushell
Director
Company Registration No. 8783288
Nourish Engineering Ltd
Notes to the Accounts
for the year ended 31 December 2016
Nourish Engineering Ltd is a private company, limited by shares, registered in England and Wales, registration number 8783288. The registered office and principal place of business is 103 WILLOW PARK, OTFORD, SEVENOAKS, TN14 5NF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 December 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line basis
Motor vehicles
25% Reducing Balance basis
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 includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Nourish Engineering Ltd
Notes to the Accounts
for the year ended 31 December 2016
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2016
172,576
16,500
189,076
Disposals
(15,000)
-
(15,000)
At 31 December 2016
157,576
16,500
174,076
At 1 January 2016
54,710
7,219
61,929
Charge for the year
39,394
2,320
41,714
On disposals
(3,000)
-
(3,000)
At 31 December 2016
91,104
9,539
100,643
At 31 December 2016
66,472
6,961
73,433
At 31 December 2015
117,866
9,281
127,147
Finished goods
126,182
141,409
Other debtors
13,768
3,205
7
Creditors: amounts falling due within one year
2016
2015
Taxes and social security
787
-
Other creditors
28,720
37,844
Loans from directors
14,110
-
8
Share capital
2016
2015
Allotted, called up and fully paid:
235,000 Ordinary shares of £1 each
235,000
235,000
The ultimate controlling party is Mrs H Timmis who is the majority shareholder in the Company.
Nourish Engineering Ltd
Notes to the Accounts
for the year ended 31 December 2016
10
Post balance sheet events
A burglary at the Company's premises in December 2016 resulted in valuable amounts of tooling and raw and part-processed materials being lost. Although covered by insurance, the Company experienced severe delays in reaching a position where normal business could be resumed with existing and new clients. Turnover and production were seriously affected for 5 months following this event.
11
Average number of employees
During the year the average number of employees was 1 (2015: 1).