Abbreviated Company Accounts - NOVEL (UK) LIMITED

06239729 NOVEL (UK) LIMITED 2013-05-31 false 2012-06-01 2013-05-31 true 06239729 2012-06-01 2013-05-31 06239729 2013-05-31 06239729 2012-05-31 06239729 uk-gaap-cd-bus:Director1 2012-06-01 2013-05-31 06239729 uk-gaap-cd-bus:Director2 2012-06-01 2013-05-31 uk-gaap-cd-bus:Director3 2012-06-01 2013-05-31 uk-gaap-cd-bus:Director3 2013-05-31 uk-gaap-cd-bus:Director3 2012-05-31 iso4217:GBP shares

Registered Number 06239729

NOVEL (UK) LIMITED

Abbreviated Accounts

31 May 2013

NOVEL (UK) LIMITED Registered Number 06239729

Abbreviated Balance Sheet as at 31 May 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	391	522
		391	522
Current assets
Debtors	3	6,285	8,134
Cash at bank and in hand		1,998	1,280
		8,283	9,414
Creditors: amounts falling due within one year		(6,059)	(5,565)
Net current assets (liabilities)		2,224	3,849
Total assets less current liabilities		2,615	4,371
Total net assets (liabilities)		2,615	4,371
Capital and reserves
Called up share capital		1	1
Profit and loss account		2,614	4,370
Shareholders' funds		2,615	4,371

For the year ending 31 May 2013 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 24 February 2014

And signed on their behalf by:
Ayaz Bhatti, Director

NOVEL (UK) LIMITED Registered Number 06239729

Notes to the Abbreviated Accounts for the period ended 31 May 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared on the historical cost basis of accounting and have been prepared in accordance with applicable accounting standards.
The company has taken advantage of the exemption, conferred by Financial Reporting Standard 1,from presenting a cash flow statement as it qualifies as a small company.

Turnover policy
Turnover represents net invoiced sales of goods and services, excluding value added tax. Company is not registered for value added tax.

2Tangible fixed assets

	£
Cost
At 1 June 2012	2,200
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2013	2,200
Depreciation
At 1 June 2012	1,678
Charge for the year	131
On disposals	-
At 31 May 2013	1,809
Net book values
At 31 May 2013	391
At 31 May 2012	522

3Debtors

Debtors includes £5988.59 CIS tax deductions from income and repayable to the company.

4Transactions with directors

Name of director receiving advance or credit:	Mr Ayaz Bhatti
Description of the transaction:	Directors current account
Balance at 1 June 2012:	£ 2,239
Advances or credits made:	£ 1,731
Advances or credits repaid:	-
Balance at 31 May 2013:	£ 3,970