SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB


(Mark One)

   [X]      Quarterly  report  under  Section  13 or  15(d)  of  the  Securities
            Exchange Act of 1934 for the quarterly period ended June 30, 2004

   [ ]      Transition report under Section 13 or 15(d) of the Exchange Act
            for the transition period from __________ to __________.


                        Commission File Number: 000-31451
                                    ---------

                            NOVA COMMUNICATIONS, INC.
                            ------------------------
        (Exact name of small business issuer as specified in its charter)



             NEVADA                                              95-4756822
             ------                                              ----------
(State or other jurisdiction of                               (I.R.S. Employer
 incorporation or organization)                              Identification No.)



               370 AMAPOLA AVE. # 202, TORRANCE, CALIFORNIA 90501
               --------------------------------------------------
               (Address of principal executive office) (Zip Code)

                                 (310) 642-0200
                                ----------------
                           (Issuer's telephone number)




  Check  whether  the  issuer:  (1) filed all  reports  required  to be filed by
Section 13 or 15(d) of the  Exchange  Act during the past 12 months (or for such
shorter period that the  registrant was required to file such reports),  and (2)
has been subject to such filing requirements for the past 90 days.

                          Yes    XX                  No
                              --------                  --------

As of June 30, 2004 , the number of outstanding  shares of the issuer's  common
stock, $0.001 par value, was 304,931,468 shares.


          TRANSITIONAL SMALL BUSINESS DISCLOSURE FORMAT: Yes [ ] No [X]



                                        1
<PAGE>
                                TABLE OF CONTENTS



ITEM 1.  FINANCIAL STATEMENTS ...............................................  3

         Consolidated Unaudited Balance Sheet as of June 30, 2004............  3

         Consolidated Unaudited Statements of Operations for the
                  Quarters ended June 30, 2004 and March 31, 2003............  4

         Consolidated Unaudited Statements of Cash Flows for the
                  Quarters ended June 30, 2004 and June 30, 2003.............  5

         Notes to Consolidated Financial Statements..........................  6


ITEM 2.  MANAGEMENT'S DISCUSSION & ANALYSIS OF FINANCIAL CONDITION AND
         RESULTS OF OPERATIONS .............................................. 10


ITEM 3.  CONTROLS AND PROCEDURES............................................. 11


                           PART II - OTHER INFORMATION

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8K..................................... 12


SIGNATURES................................................................... 12





























                                        2
<PAGE>
                         PART I - FINANCIAL INFORMATION

<TABLE>
<CAPTION>
                            NOVA COMMUNICATIONS LTD.

                           Consolidated Balance Sheets

                                                                              June 30,           December 31,
                                                                                2004                 2003
                                                                         -----------------    -----------------
<S>                                                                       <C>                  <C>
                                      Assets
Current assets:
   Cash                                                                   $         2,255      $        51,451
   Note receivable due within one year                                                  -                9,557
   Current assets of discontinued operations                                       51,435               51,435
                                                                           --------------       --------------
     Total current assets                                                          53,690              112,443

Equipment, net                                                                      1,278                1,278

Equipment of discontinued operations, net                                         140,221              140,221

Other assets:
   Note receivable                                                                      -               15,317
   Advances receivables                                                           723,506              513,506
   Other assets of discontinue operations, net                                     62,811               62,811
                                                                           --------------       --------------
     Total other assets                                                           786,317              591,634
                                                                           --------------       --------------

                                                                          $       981,506      $       845,576
                                                                           ==============       ==============
                      Liabilities and Net Capital Deficiency

Current liabilities:
   Accounts payable                                                       $       146,205      $       159,637
   Payable to related parties                                                           -               11,593
   Accrued payroll and payroll related liabilities                                215,772              392,445
   Income taxes payable                                                             2,400                2,400
   Other accrued liabilities                                                       82,229               45,902
   Convertible notes payable                                                      490,000              490,000
   Current liabilities of discontinued operations                                 393,984              393,984
                                                                           --------------       --------------
     Total current liabilities                                                  1,348,590            1,495,961

Payable to related party                                                          441,232              264,232

Net capital deficiency:
   Preferred stock; no par value; authorized 10,000,000 shares                          -                    -
   Common stock; $.001 par value; authorized 500,000,000 shares; issued and
    outstanding 343,981,468 shares in 2004 (255,081,368 shares in 2003)           343,981              255,081
   Common stock to be issued                                                       10,000               15,000
   Additional paid in capital                                                  21,005,771           18,913,171
   Retained deficit                                                           (22,168,068)         (20,097,869)
                                                                           --------------       --------------
     Net capital deficiency                                                      (808,316)            (914,617)
                                                                           --------------       --------------

                                                                          $       981,506      $       845,576
                                                                           ==============       ==============
</TABLE>

                             See accompanying notes.

                                       3
<PAGE>
<TABLE>
<CAPTION>
                            NOVA COMMUNICATIONS LTD.

                      Consolidated Statements of Operations


                                          Three months ended June 30              Six months ended June 30
                                      -----------------------------------   -----------------------------------
                                             2004             2003                 2004              2003
                                      ----------------  -----------------   -----------------  ----------------
<S>                                   <C>               <C>                 <C>                <C>
Revenues                                $      5,550      $            8      $        5,550    $        7,732
Operating expenses                           635,922           1,881,588           2,065,976         2,299,119
                                         -----------       -------------       -------------     -------------
Net loss from operations                    (630,372)         (1,881,580)         (2,060,426)       (2,291,387)

Interest expense, net                         (9,773)                (16)             (9,773)          (18,141)
                                         -----------       -------------       -------------     -------------

Net income from continuing operations
  before provision for income taxes         (640,145)         (1,881,596)         (2,070,199)       (2,309,528)

Provision for income taxes - State of
  California                                       -                   -                   -                 -
                                         -----------       -------------       -------------     -------------

Net loss from continuing operations         (640,145)         (1,881,596)         (2,070,199)       (2,309,528)

Net income (loss) from discontinued
  operations                                       -              (8,663)                  -            19,142
                                         -----------       -------------       -------------     -------------


Net loss                                $   (640,145)     $   (1,890,259)     $   (2,070,199)   $   (2,290,386)
                                         ===========       =============       =============     =============



Net income (loss) per common share:
   Continuing operations                $       (.002)    $        (.007)     $        (.007)   $        (.015)
                                         ============      =============       =============     =============
   Discontinued operations              $           -     $            -      $            -    $            -
                                         ============      =============       =============     =============
</TABLE>













                             See accompanying notes.

                                       4
<PAGE>
<TABLE>
<CAPTION>
                            NOVA COMMUNICATIONS LTD.

                      Consolidated Statements of Cash Flows


                                          Three months ended June 30              Six months ended June 30
                                      -----------------------------------   -----------------------------------
                                             2004             2003                 2004              2003
                                      ----------------  -----------------   -----------------  ----------------
<S>                                     <C>               <C>                 <C>               <C>
Cash flows from operating activities:
   Net loss from continuing operations  $   (640,145)     $   (1,881,596)     $   (2,070,199)   $   (2,309,528)
   Adjustment to reconcile net loss to
    net cash used in operating
    activities:
     Provision for uncollectible note
      receivable                              16,274                   -              16,274                 -
     Shares issued in exchange for
      compensation and services              591,000           1,835,464           1,996,500         2,215,464
     Changes in assets and liabilities:
       Receivables                                 -               1,834                   -               702
       Accounts payable                       (6,024)                (81)             (7,025)          (25,031)
       Accrued liabilities                    30,564              39,175              39,654            94,956
                                         -----------       -------------       -------------     -------------
                                              (8,331)             (5,204)            (24,796)          (23,437)
Cash flows from discontinued
  operations                                       -               7,944                   -            30,759
Cash flows from investing activities:
   Principal repayments on notes
    receivable                                 8,600               3,000               8,600             4,403
   Advances paid                                   -                   -            (210,000)                -
                                         -----------       -------------       -------------     -------------
                                               8,600               3,000            (201,400)            4,403
Cash flows from financing activities:
   Advances received from related party        1,000                   -             177,000                 -
   Net financing activities of
    discontinued operations                        -              (5,881)                  -           (11,762)
                                         -----------       -------------       -------------     -------------
                                               1,000              (5,881)            177,000           (11,762)
                                         -----------       -------------       -------------     -------------
Net change in cash                             1,269                (141)            (49,196)              (37)
Cash at beginning of period                      986                 182              51,451                78
                                         -----------       -------------       -------------     -------------

Cash at end of period                   $      2,255      $           41      $        2,255    $           41
                                         ===========       =============       =============     =============
</TABLE>
                             See accompanying notes.

                                       5
<PAGE>
                            NOVA COMMUNICATIONS LTD.

                   Consolidated Notes to Financial Statements
                                  June 30, 2004


1. Summary of significant accounting policies
         Business: Nova Communications Ltd. (the "Company" or "Nova") is
         incorporated under the laws of the State of Nevada. The Company invests
         in and provides managerial assistance to developing companies.

         Basis of consolidation: The consolidated financial statements include
         the accounts of Nova and its 100% owned subsidiary Kadfield, Inc.
         ("Kadfield"). All intercompany accounts and transactions have been
         eliminated.

         On July 21, 2003 the Company decided to dispose of Kadfield. Kadfield
         has been accounted for as a discontinued operation and the results of
         operations have been excluded from continuing operations in the
         consolidated statements of operations for all periods presented.

         Interim reporting: The Company's year-end for accounting and tax
         purposes is December 31. In the opinion of Management, the accompanying
         consolidated financial statements as of June 30, 2004 and 2003 and for
         the three and six months then ended, consisting of only normal
         recurring adjustments, except as noted elsewhere in the notes to the
         consolidated financial statements, necessary to present fairly its
         financial position, results of its operations and cash flows. The
         results of operations for the three and six months ended June 30, 2004
         and 2003 are not necessarily indicative of the results to be expected
         for the full year.

         Cash flows: For purposes of the statement of cash flows, the Company
         and its subsidiaries consider cash equivalents to be highly liquid
         instruments if, when purchased, their original due dates were within
         three months.

         Equipment: Equipment is carried at cost. Depreciation is computed using
         the straight-line method over the estimated useful lives of the
         depreciable assets, which range from five to fifteen years.

         Stock options and warrants: The Company uses a fair value based method
         of accounting for stock based compensation to employees.

         The Company also accounts for stock options and warrants issued to
         non-employees for services under the fair value method of accounting.

         Net loss per common share: Net loss per common share is computed by
         dividing net loss by the weighted average number of common shares
         outstanding during the period. The weighted average number of common
         stock shares outstanding was 322,785,864 for the three months ended
         June 30, 2004 (264,407,336 for the three months ended June 30, 2003)
         and 305,948,501 for the six months ended June 30, 2004 (157,449,063 for
         the six months ended June 31, 2003). Common stock to be

                                       6
<PAGE>
                            NOVA COMMUNICATIONS LTD.

                   Consolidated Notes to Financial Statements
                                  June 30, 2004


1. Summary of significant accounting policies (continued)
         Net loss per common share (continued): issued and convertible notes
         payable are not considered to be a common stock equivalent as the
         effect on net loss per common share would be anti-dilutive.

         Use of estimates: The process of preparing financial statements in
         conformity with generally accepted accounting principles requires the
         use of estimates and assumptions regarding certain types of assets,
         liabilities, revenues and expenses. Management of the Company has made
         certain estimates and assumptions regarding the collectability of notes
         receivable. Such estimates and assumptions primarily relate to
         unsettled transactions and events as of the date of the financial
         statements. Accordingly, upon settlement, actual results may differ
         from estimated amounts.

2.       Operations
         During 2003, the Company announced their intentions to divest of its
         investment in Kadfield, Inc. Also, the Company is currently negotiating
         with several companies in which to invest or acquire.

         The Company believes the above actions and along with other plans will
         allow them to continue operations and ultimately achieve profitability.
         Until then, the Company is dependent upon its ability to obtain
         additional capital and debt financing. The consolidated financial
         statements as of June 30, 2004 do not reflect adjustments relating to
         the recorded asset amounts, or the amounts of liabilities that would be
         necessary should the Company not be able to continue in existence.

3.       Cash flow information
         Supplemental schedule of noncash financing activities are as follows:
<TABLE>
<CAPTION>
                                    Three months ended June 30     Six months ended June 30
                                    --------------------------     ------------------------
                                        2004        2003               2004        2003
                                     ---------   ---------          ---------   ---------
<S>                                  <C>         <C>                <C>         <C>
           Common stock
            issued in exchange
            for accrued payroll      $  90,000   $       -          $ 180,000   $       -
                                     =========   =========          =========   =========

            Common stock
             issued for long-term
             obligations to
             related parties        $        -   $ 625,000          $       -   $ 625,000
                                     =========   =========          =========   =========
</TABLE>
4.       Advances receivable
         The Company has advanced funds to a company for cash flow purposes. The
         advances are unsecured, non-interest bearing, and due on demand.

                                       7
<PAGE>
                            NOVA COMMUNICATIONS LTD.

                   Consolidated Notes to Financial Statements
                                  June 30, 2004


5.       Convertible notes payable
         The notes payable are due one year from the date of borrowings plus
         interest at a rate of 8% per annum and are unsecured. The notes and any
         unpaid interest may be convertible into shares of common stock of the
         Company at a rate of 75% of the closing bid price of the Company's
         common stock on the date of conversion. The notes may be converted at
         the option of the Company, but not before six months, and at the option
         of the holder, but not before one year, from the date of the notes and
         only if certain events have occurred.

6.       Payable to related party
         The payable to related party is due to a company controlled by the
         president of the Company. The advances are unsecured, non-interest
         bearing, and due on demand however, this company has agreed not to
         demand repayment before June 2005.

7.       Preferred stock
         The Company's preferred stock may be voting or have other rights and
         preferences as determined from time to time by the Board of Directors.

8.       Common stock
         On January 21, 2004, the Board of Directors authorized the issuance of
         6,000,000 shares of common stock of the Company in exchange for
         $180,000 of accrued payroll. Management of the Company valued the
         shares issued at $.03 per share, the closing bid price of the Company's
         common stock on the date of issuance. Management of the Company
         estimated the value of the Company's shares granted after considering
         the historical trend of the trading prices for its common stock and the
         limited volume of shares being traded.

         During the three months ended March 31, 2004, the Company issued an
         aggregate of 27,350,000 shares of its common stock in exchange for
         consulting and management services aggregating $820,500. Management of
         the Company valued the shares issued at $.03 per share, the closing bid
         price of the Company's common stock on the date of issuance. Management
         of the Company estimated the value of the Company's shares granted
         after considering the historical trend of the trading prices for its
         common stock and the limited volume of shares being traded.

         On May 14, 2004, the Board of Directors authorized the issuance of
         4,500,000 shares of common stock of the Company in exchange for $90,000
         of accrued payroll. Management of the Company valued the shares issued
         at $.02 per share, the closing bid price of the Company's common stock
         on the date of issuance. Management of the Company estimated the value
         of the Company's shares granted after considering the historical trend
         of the trading prices for its common stock and the limited volume of
         shares being traded.
                                       8
<PAGE>
                            NOVA COMMUNICATIONS LTD.

                   Consolidated Notes to Financial Statements
                                  June 30, 2004


8. Common stock (continued)
         During the three months ended June 30, 2004, the Company issued an
         aggregate of 22,550,000 shares of its common stock in exchange for
         consulting and management services aggregating $451,000. Management of
         the Company valued the shares issued at $.02 per share, the closing bid
         price of the Company's common stock on the date of issuance. Management
         of the Company estimated the value of the Company's shares granted
         after considering the historical trend of the trading prices for its
         common stock and the limited volume of shares being traded.

9.       Stock based compensation
         During the three months ended March 31, 2004, the Company issued
         16,000,000 shares of its common stock to its president and 500,000 to
         an employee as compensation for services aggregating $495,000.
         Management of the Company valued the shares issued at $.03 per share,
         the closing bid price of the Company's common stock on the date of
         issuance. Management of the Company estimated the value of the
         Company's shares granted after considering the historical trend of the
         trading prices for its common stock and the limited volume of shares
         being traded.

         During the three months ended June 30, 2004, the Company issued
         5,500,000 shares of its common stock to its president and 1,500,000 to
         an employee as compensation for services aggregating $140,000.
         Management of the Company valued the shares issued at $.02 per share,
         the closing bid price of the Company's common stock on the date of
         issuance. Management of the Company estimated the value of the
         Company's shares granted after considering the historical trend of the
         trading prices for its common stock and the limited volume of shares
         being traded.























                                       9
<PAGE>
ITEM 2  -  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
           RESULTS OF OPERATIONS

Management's discussion and analysis contains various forward-looking statements
within the meaning of the Securities and Exchange Act of 1934. These statements
consist of any statement other than a recitation of historical fact and can be
identified by the use of forward looking terminology such as "may", "expect",
"anticipate", "estimates", or "continue" or use of negative or other variations
of comparable terminology. We caution that these statements are further
qualified by important factors that could cause actual results to differ
materially from those contained in our forward looking statements, that these
forward looking statements are necessarily speculative, and there are certain
risks and uncertainties that could cause actual events or results to differ
materially from those referred to in our forward looking statements.

Management's discussion and analysis should be read in conjunction with the
financial statements and the notes thereto.

RESULTS OF OPERATIONS
---------------------

Six months ended June 30, 2004 compared to the six months ended June 30, 2003
-----------------------------------------------------------------------------
and three months ended June 30, 2004 compared to the three months ended June 30,
--------------------------------------------------------------------------------
2003:

On July 21, 2003 the Company decided to dispose of Kadfield. Kadfield has been
accounted for as a discontinued operation and the results of operations have
been excluded from continuing operations in the consolidated statements of
operations for all periods presented. During the three and six months ended June
30, 2004, management has been devoting its efforts toward identifying business
investment and acquisition opportunities. The Company is currently providing
working capital advances to a business opportunity.

Revenues were $5,550 for the six months ended June 30, 2004 compared to $7,732
for the six months ended June 30, 2003. The decrease of $2,182 is a result of
providing more overall management services in 2003.

Revenues were $5,550 for the three months ended June 30, 2004 compared to $8 for
the three months ended June 30, 2003. The increase is a result of providing more
management services during the three months ended June 30, 2004 then during the
three months ended June 30, 2003.

Operating expenses were $2,065,976 for the six months ended June 30, 2004
compared to $2,299,119 for the six months ended June 30, 2003. The decrease of
$233,143 is a result of incurring less outside consulting services during the
six months ended June 30, 2004 by $218,964.

Operating expenses were $635,922 for the three months ended June 30, 2004
compared to $1,881,588 for the three months ended June 30, 2003. The decrease of
$1,245,666 is a result of incurring less outside consulting services during the
three months ended June 30, 2004 by $1,244,464.






                                       10
<PAGE>
FINANCIAL POSITION & LIQUIDITY AND CAPITAL RESOURCES
----------------------------------------------------

As of June 30, 2004 compared to December 31, 2003:
-------------------------------------------------

The Company's total assets of $981,506 as of June 30, 2004 increased by $135,930
from those as of December 31, 2003 primarily as a result of two factors. The
Company negotiated a final payment on its notes receivable by reducing the
amount to $8,600 that was received during the three months ended June 30, 2004.
The Company has advanced a business opportunity an aggregate of $210,000 during
the six months ended June 30, 2004.

Payable to related party increased $177,000 during the six months ended June 30,
2004 aggregating $441,232 as of that date. This related party has agreed not to
demand repayment of the advances before August 2005 and unless cash is available
from operations or from a merger, capital stock exchange, asset acquisition, or
other business combination. There can be no assurances that this related party
will continue to provide advances to the Company.


ITEM 3. CONTROLS AND PROCEDURES

As of June 30, 2004 the Company carried out an evaluation, under the
supervision and with the participation of the Company's management, including
the Company's Chief Executive Officer and President, of the effectiveness of the
design and operation of the Company's disclosure controls and procedures
pursuant to Rule 13a-14 of the  Securities Exchange Act of 1934.  Based upon
that eva1uation, these principal executive officers and principal financial
officer concluded that the Company's disclosure controls and procedures are
effective in timely alerting them to material information relating to the
Company, including its consolidated subsidiaries, required to be included in the
Company's periodic SEC filings. There have been no significant changes in
internal controls or in other factors that could significantly affect internal
controls subsequent to the date of our most recent evaluation.
























                                       11
<PAGE>
                           PART II - OTHER INFORMATION

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8K

(a)              Exhibits.
                 --------

Exhibit
Number           Description of Document

2                Articles and  Agreement of Merger  Between Nova  Communications
                 Ltd.  and  First  Colonial  Ventures,  Ltd.  -  July  21,  1999
                 (Incorporated by reference)

3(3)(i)(1)       First Colonial Ventures, Ltd. Articles of Incorporation - March
                 25, 1985 (Incorporated by reference)

3(3)(i)(2)       First  Colonial   Ventures,   Ltd.  Amendment  to  Articles  of
                 Incorporation - August 12, 1985 (Incorporated by reference)

3(3)(i)(3)       First  Colonial   Ventures,   Ltd.  Amendment  to  Articles  of
                 Incorporation -September 3, 1985 (Incorporated by reference)

3(3)(i)(4)       First  Colonial   Ventures,   Ltd.  Amendment  to  Articles  of
                 Incorporation -February 3, 1992 (Incorporated by reference)

3(3)(i)(5)       Nova  Communications  Ltd Articles of  Incorporation - July 13.
                 1999 (Incorporated by reference)

3(3)(ii)(1)      Bylaws (Incorporated by reference)

31               Rule 13a-14(a)/15d-14(a) Certification

32               Section 1350 Certification

(b)              Reports on Form 8-K.
                 -------------------
                 No reports on Form 8-K were filed during the period covered by
                 this report.

                                   SIGNATURES

In accordance with the  requirements of the Exchange Act, the registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.

Date: August 16, 2004            NOVA COMMUNICATIONS, INC.

                                 By: /s/ KENNETH D. OWEN
                                 --------------------------
                                 Kenneth D. Owen, President








                                       12