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REGISTERED NUMBER: 01255101 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th April 2017

for

NALESTAR LIMITED

NALESTAR LIMITED (REGISTERED NUMBER: 01255101)






Contents of the Financial Statements
for the Year Ended 30th April 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NALESTAR LIMITED

Company Information
for the Year Ended 30th April 2017







DIRECTORS: Mr I Gupta
Mrs H Gupta
Mr A Gupta
Mr P J Bibby





SECRETARY: Mrs S Gupta





REGISTERED OFFICE: Melton House
Melton Place
Leyland
Lancashire
PR25 4XU





REGISTERED NUMBER: 01255101 (England and Wales)





ACCOUNTANTS: Abrams Ashton
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

NALESTAR LIMITED (REGISTERED NUMBER: 01255101)

Balance Sheet
30th April 2017

30.4.17 30.4.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 279,405 348,582

CURRENT ASSETS
Stocks 5 165,460 196,189
Debtors 6 197,130 245,529
Cash at bank 5,237 932,378
367,827 1,374,096
CREDITORS
Amounts falling due within one year 7 155,072 521,287
NET CURRENT ASSETS 212,755 852,809
TOTAL ASSETS LESS CURRENT
LIABILITIES

492,160

1,201,391

CREDITORS
Amounts falling due after more than one
year

8

(300,000

)

-

PROVISIONS FOR LIABILITIES 10 - (1,610 )
NET ASSETS 192,160 1,199,781

CAPITAL AND RESERVES
Called up share capital 11 50,000 50,000
Retained earnings 12 142,160 1,149,781
SHAREHOLDERS' FUNDS 192,160 1,199,781

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

NALESTAR LIMITED (REGISTERED NUMBER: 01255101)

Balance Sheet - continued
30th April 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 18th December 2017 and were signed on its
behalf by:





Mr P J Bibby - Director


NALESTAR LIMITED (REGISTERED NUMBER: 01255101)

Notes to the Financial Statements
for the Year Ended 30th April 2017

1. STATUTORY INFORMATION

Nalestar Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements for the year ended 30 April 2017 are the first financial statements that comply with
FRS 102 Section 1A for small entities. The date of transition is 1 May 2015.

Turnover
Turnover represents the value of goods, excluding value added tax, provided to customers during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

The Freehold Property has not been depreciated as requested by the directors who consider the asset to have a
very long useful economic life and a high residual value.

Stocks
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 is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

NALESTAR LIMITED (REGISTERED NUMBER: 01255101)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2017

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company makes payments to the director's own private pension plans. Contributions to the director's
pension plans are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st May 2016 265,000 205,197 58,910 114,576 643,683
Additions - 3,755 - - 3,755
Disposals - - - (107,338 ) (107,338 )
At 30th April 2017 265,000 208,952 58,910 7,238 540,100
DEPRECIATION
At 1st May 2016 - 195,521 55,205 44,375 295,101
Charge for year - 2,570 926 9,078 12,574
Eliminated on disposal - - - (46,980 ) (46,980 )
At 30th April 2017 - 198,091 56,131 6,473 260,695
NET BOOK VALUE
At 30th April 2017 265,000 10,861 2,779 765 279,405
At 30th April 2016 265,000 9,676 3,705 70,201 348,582

5. STOCKS
30.4.17 30.4.16
£    £   
Stock of materials 48,177 47,478
Finished goods and W.I.P 117,283 148,711
165,460 196,189

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.17 30.4.16
£    £   
Trade debtors 183,517 242,332
Prepayments and accrued income 13,613 3,197
197,130 245,529

NALESTAR LIMITED (REGISTERED NUMBER: 01255101)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2017

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.17 30.4.16
£    £   
Trade creditors 108,793 251,819
Tax 11,462 36,629
Social security and other taxes 22,721 6,296
Other creditors 3,202 12,314
Amounts owed to group - 120,000
Accrued expenses 8,894 94,229
155,072 521,287

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.17 30.4.16
£    £   
Other loan - 1-2 years 300,000 -

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.17 30.4.16
£    £   
Other loan 300,000 -

The loan above shall be secured against all present and future assets of the company.

10. PROVISIONS FOR LIABILITIES
30.4.17 30.4.16
£    £   
Deferred tax - 1,610

Deferred
tax
£   
Balance at 1st May 2016 1,610
Accelerated capital allowances (1,610 )
Balance at 30th April 2017 -

11. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.4.17 30.4.16
value: £    £   
50,000 Ordinary £1 50,000 50,000

NALESTAR LIMITED (REGISTERED NUMBER: 01255101)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2017

12. RESERVES
Retained
earnings
£   

At 1st May 2016 1,149,781
Profit for the year 35,184
Dividends (1,042,805 )
At 30th April 2017 142,160

13. RELATED PARTY DISCLOSURES

Bibby Ventures Limited

The company received a loan during the year from Bibby Ventures Limited, a company wholly owed by Mr P
Bibby.

The amount due to the related party at the balance sheet date was £300,000 (2016 - £Nil).