Nicorici UK Limited

Registered in England Number 05928422

Incorporated 7th September 2006
PROFIT AND LOSS ACCOUNT for the period ended 31st August 2008

Current year Prior year

Notes 2008 2007

Turnover 342,983 247,619

Cost of Sales 158,197 134,981
Gross Profit 184,785 112,638

Distribution and administrative

Costs and overheads
Directors' salaries 5,310 7,210
Director's Expenses 4,668 11,620
Directors's Pension Contributions 40,000 30,000
Staff Wages and NI costs 10,937 7,210
Insurances 6,848 5,175
Rent 0 5,542
Equipment hire 167 1,952
Legal and Professional fees 96,402 35,516
Training costs 970 4,430
Telephones 2,347 1,642
Small tools and equipment 2,800 2,290
Gas and Electricity 284 753
Non Director van and travel costs 2,022
Other costs 2,356 1,308
Depreciation 1,395 1,498
176,507 116,147

Operating Profit/(Loss) 8,278 (3,509)

Interest Receivable / (Payable) (122) (1)

Profit/Loss on ordinary activities before Taxation 8,156 (3,510)

Taxation (949) 0

Profit/(Loss) on ordinary activities after Taxation 7,208 (3,510)

Retained profits brought forward (3,510) 0

Retained (Losses)/Profits carried forward 3,698 (3,510)

Nicorici UK Ltd
Registered in England Number 05928422
CORPORATION TAX CALCULATION Y/E 31 August 2008

Profits / (Losses) per accounts 8,156

Add back depreciation 1,395
Less/ (Add) Interest 122
9,673
Capital Allowances
Opening written down bal. 0
This yrs additions 1,395
Total 1,395
Less WDA 100% 1st yr 145 (145)
Less WDA of 25% on total 1,250 (1,250)
Net Case I
Profits / (Losses) 8,278
Case III Interest (122)
Profits chargeable to Corporation Tax 8,156
Losses brought forward. (3,510)
Assessment for Corp Tax days 4,646
2007 / 08 20% 9/1/2007 3/31/2008 £ 2,704.00 212 £ 540.80
2008 / 09 21% 4/1/2008 8/31/2008 £ 1,942.00 152 £ 407.82
Total due to Collector of Taxes £ 948.62
Losses to carry forward to next year 0
Nicorici UK Limited
Registered in England Number 05928422
Incorporated 7th September 2006
BALANCE SHEET for the period ended 31st August 2008
Notes 2008 2007

Fixed Assets 2 3,750 0

Current Assets
Cash at bank and in hand 10,102 822
Debtors 54,262 43,964
Stock 0 0
64,364 44,786

Creditors, amounts due within one year 3 (64,415) (48,295)

Net Current Assets/(Liabilities) (51) (3,509)

Total Assets less Current Liabilities 3,699 (3,509)

Capital and Reserves

Called up Share Capital 4 and 5 1 1

Profit and Loss Account 3,698 (3,510)

3,699 (3,509)

For the year ended 31st August 2008 the company was entitled to the exemption conferred by subsection (1) of
of section 249A. No notice has been deposited under subsection (2) of section 249B in relation to its accounts
for the financial year. The director acknowledges his responsibilities for:-
(1)ensuring that the company keeps accounting records which comply with section 221 of the
Companies Act 1985,and
(2)preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the
financial year and of its profit or loss for the financial year in accordance with the requirements of the Act
relating to accounts, so far as applicable to the company.
The accounts have been prepared on a going concern basis.This basis may not be appropriate, because at the balance
sheet date its current liabilities exceeded its current assets by £49. Should the company be unable to continue trading
adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further
liabilities which might arise, and to reclassify fixed assets and long term liabilities as current assets and liabilities.
Advantage has been taken of the exemptions conferred by Section A of Part 111 of Schedule 8, CA 1985, and in the opinion
of the directors the company is entitled to those exemptions on the basis that it qualifies as a small company.
Advantage has been taken of the special exemptions applicable to small companies under Schedule 8, Part 1 of the
Companies Act 1985 and in the opinion of the directors the company is entitled to those exemptions on the basis that it
qualifies as a small company.

Approved by the Board on E. Nicorici, Director.

NICORICI UK LIMITED

Notes to the accounts for the year ended 31st August 2008

1. Accounting Policies
Basis - The Accounts have been prepared under the historic cost accounting rules set out
in the 4th schedule to the Companies Act 1985, and in accordance with the Financial Reporting Standards for Smaller Entit
FRSSE January 2007.
Depreciation - Depreciation is calculated to write off the cost of tangible fixed assets by
equal instalments over their estimated usful lives, except that for small tools the "Pool"
method is used. Individual items under £250 are expensed in the year of purchase.
Office furniture 4 years
Plant and equipment 4 years
Fixtures and fittings 10 years
Small tools 25% of pool at year end.
Computer equipment 1 year.

2. Fixed Assets
Plant & Office Fixts.& Computer Motor Vehicles Totals
Equipm. Furniture Fittings Equipment
£ £ £ £
Original cost or valuation 0 0 0 1,498 0 1,498
Additions in year to 31/8/08 0 0 0 145 5000 5,145
0 0 0 1,643 5,000 6,643
Depreciation prior yrs 0 0 0 (1,498) 0 (1,498)
Depreciation this year 0 0 0 (145) (1,250) (1,395)
0 0 0 (1,643) (1,250) (1,643)
Net Book Value 31/8/07 0 0 0 0 0
Net book value 31/8/08 0 0 0 0 3,750 3,750

3. Creditors
Due within one year. 2008
£
National Insurance and PAYE 0
HRMC VAT 12,205
HMRC Corp Tax 949
HMRC CIS 0
Trade Creditors 0
Loans 25,000
Owed to directors 26,261
64,415

4. Share Capital
Share Capital as at 31st August 2008 and throughout the period was: Ordinary Shares of £1
each, Authorised - 1,000, Issued and fully paid up - 1.
5 Directors Interests
The director of the company throughout the year was Eduard Nicorici.
who held one ordinary £1 share.
6. Directors Emoluments 2008
£
Director's Salary 5,310
Director's Travel expenses 4,668
Director's Pension contributions 40,000
The pension fund is a money purchase Occupational Pension Scheme and there are no
further company liabilities at the balance sheet date.
 not be appropriate, because at the balance
d the company be unable to continue trading
recoverable amount, to provide for any further

t 111 of Schedule 8, CA 1985, and in the opinion

itled to those exemptions on the basis that it

e Financial Reporting Standards for Smaller Entities
Nicorici UK Limited
Registered in England Number 05928422
Incorporated 7th September 2006
PROFIT AND LOSS ACCOUNT for the period ended 31st August 2007

Notes 2007

Turnover 247,619
Cost of Sales 134,981
Gross Profit 112,638

Distribution and administrative

Costs and overheads
Directors' salaries 7,210
Director's Expenses 11,620
Directors's Pension Contributions 30,000
Staff Wages 7,210
Insurances 5,175
Rent 5,542
Equipment hire 1,952
Legal and Professional fees 35,516
Training costs 4,430
Telephones 1,642
Small tools and equipment 2,290
Gas and Electricity 753
Other costs 1,308
Depreciation 1,498
116,147

Operating Profit/(Loss) (3,509)

Interest Receivable / (Payable) (1)

Profit/Loss on ordinary activities before Taxation (3,510)

Taxation 0

Profit/(Loss) on ordinary activities after Taxation -3,510

Retained profits brought forward 0

Retained (Losses)/Profits carried forward (3,510)

Nicorici UK Ltd
Registered in England Number 05928422
CORPORATION TAX CALCULATION Y/E 31 August 2007

Profits / (Losses) per accounts (3,510)

Add back depreciation 1,498
Less Interest 1
(2,011)
Capital Allowances
Opening written down bal. 0
This yrs additions 1,498
Total 1,498
Less WDA 100% 1st yr (1,498) (1,498)
Less WDA of 25% on total 0 0
Net Case I
Profits / (Losses) (3,509)
Case III Interest (1)
Profits chargeable to Corporation Tax (3,510)
Losses brought forward. 0
Assessment for Corp Tax
Losses to carry forward to next year (3,510)

Total due to Collector of Taxes £0.00

Nicorici UK Limited
Registered in England Number 05928422
Incorporated 7th September 2006
BALANCE SHEET for the period ended 31st August 2007
Notes 2007

Fixed Assets 2 0

Current Assets
Cash at bank and in hand 822
Debtors 43,964
Stock 0
44,786

Creditors, amounts due within one year 3 (48,295)

Net Current Assets/(Liabilities) (3,509)

Total Assets less Current Liabilities (3,509)

Capital and Reserves

Called up Share Capital 4 and 5 1

Profit and Loss Account (3,510)

(3,509)

For the year ended 31st August 2007 the company was entitled to the exemption conferred by subsection (1) of
of section 249A. No notice has been deposited under subsection (2) of section 249B in relation to its accounts
for the financial year. The director acknowledges his responsibilities for:-
(1)ensuring that the company keeps accounting records which comply with section 221 of the
Companies Act 1985,and
(2)preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the
financial year and of its profit or loss for the financial year in accordance with the requirements of the Act
relating to accounts, so far as applicable to the company.
The accounts have been prepared on a going concern basis.This basis may not be appropriate, because at the balance
sheet date its current liabilities exceeded its current assets by £3,785. Should the company be unable to continue trad
adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any furthe
liabilities which might arise, and to reclassify fixed assets and long term liabilities as current assets and liabilities.
Advantage has been taken of the exemptions conferred by Section A of Part 111 of Schedule 8, CA 1985, and in the opi
of the directors the company is entitled to those exemptions on the basis that it qualifies as a small company.
Advantage has been taken of the special exemptions applicable to small companies under Schedule 8, Part 1 of the
Companies Act 1985 and in the opinion of the directors the company is entitled to those exemptions on the basis that it
qualifies as a small company.

Approved by the Board on E. Nicorici, Director.

NICORICI UK LIMITED

Notes to the accounts for the year ended 31st August 2007

1. Accounting Policies
Basis - The Accounts have been prepared under the historic cost accounting rules set out
in the 4th schedule to the Companies Act 1985.

Depreciation - Depreciation is calculated to write off the cost of tangible fixed assets by
equal instalments over their estimated usful lives, except that for small tools the "Pool"
method is used. Individual items under £250 are expensed in the year of purchase.
Office furniture 4 years
Plant and equipment 4 years
Fixtures and fittings 10 years
Small tools 25% of pool at year end.
Computer equipment 1 year.

2. Fixed Assets
Plant & Office Fixts.& Computer Totals
Equipm. Furniture Fittings Equipment
£ £ £ £
Original cost or valuation 0 0 0 0 0
Additions in year to 31/8/07 0 0 0 1,498 1,498
0 0 0 1,498 1,498
Depreciation prior yrs 0 0 0 0 0
Depreciation this year 0 0 0 (1,498) (1,498)
0 0 0 (1,498) (1,498)
Net Book Value 07/9/06 0 0 0 0 0
Net book value 31/8/07 0 0 0 0 0

3. Creditors
Due within one year. 2007
£
National Insurance and PAYE 0
HRMC VAT 17,566
HMRC Corp Tax 0
HMRC CIS 3,924
Trade Creditors 5,080
Bank overdraft 13,694
Owed to directors 8,032
48,295

4. Share Capital
Share Capital as at 31st August 2007 and throughout the period was: Ordinary Shares of £1
each, Authorised - 1,000, Issued and fully paid up - 1.
5 Directors Interests
The director of the company throughout the year was Eduard Nicorici.
who held one ordinary £1 share.
6. Directors Emoluments 2007
£
Director's Salary 7,210
Director's Travel expenses 11,620
Director's Pension contributions 30,000
The pension fund is a money purchase Occupational Pension Scheme and there are no
further company liabilities at the balance sheet date.
mption conferred by subsection (1) of
ction 249B in relation to its accounts

rs of the company as at the end of the

y not be appropriate, because at the balance

ould the company be unable to continue trading
recoverable amount, to provide for any further
abilities as current assets and liabilities.
rt 111 of Schedule 8, CA 1985, and in the opinion

ompanies under Schedule 8, Part 1 of the

titled to those exemptions on the basis that it