Naava Limited |
|
Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Naava Limited for the year ended 30 June 2016 |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Naava Limited for the year ended 30 June 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in Ireland, we are subject to its ethical and other professional requirements. |
This report is made solely to the Board of Directors of Naava Limited, as a body, in accordance with the terms of our engagement letter dated 1 December 2014. Our work has been undertaken solely to prepare for your approval the accounts of Naava Limited and state those matters that we have agreed to state to the Board of Directors of Naava Limited, as a body, in this report in accordance with AAF 2/10. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Naava Limited and its Board of Directors as a body for our work or for this report. |
It is your duty to ensure that Naava Limited 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 Naava Limited. You consider that Naava Limited 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 Naava Limited. 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 abbreviated accounts. |
|
Carbon Accountancy Limited |
T/a Roland Klepzig Carbon Accountancy |
Chartered Accountants |
80-83 Long Lane |
London |
EC1A 9ET |
|
27 March 2017 |
|
Naava Limited
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Registered number: |
06006755
|
Abbreviated Balance Sheet |
as at 30 June 2016
|
|
Notes |
|
|
2016 |
|
|
2015 |
£ |
£ |
Current assets |
Stocks |
|
|
901,275 |
|
|
1,750 |
Debtors |
|
|
131,072 |
|
|
190 |
Cash at bank and in hand |
|
|
23,616 |
|
|
938 |
|
|
|
1,055,963 |
|
|
2,878 |
|
Creditors: amounts falling due within one year |
|
|
(1,091,215) |
|
|
(167,424) |
|
Net current liabilities |
|
|
|
(35,252) |
|
|
(164,546) |
|
Net liabilities |
|
|
|
(35,252) |
|
|
(164,546) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
(35,352) |
|
|
(164,646) |
|
Shareholders' funds |
|
|
|
(35,252) |
|
|
(164,546) |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
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|
|
|
M. D. W. Slatter |
Director |
Approved by the board on 27 March 2017
|
|
Naava Limited
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Notes to the Abbreviated Accounts |
for the year ended 30 June 2016
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|
1 |
Accounting policies |
|
|
Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
|
|
|
Turnover |
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Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
|
Stocks |
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Stock is valued at the lower of cost and net realisable value. |
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2 |
Going concern |
|
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The accounts have been prepared on a going concern basis on the assumption that the director and other financiers will continue to support the company for the foreseeable future. |
|
3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
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