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REGISTERED NUMBER: 06939759 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

NEXUS INSIGHT LIMITED

NEXUS INSIGHT LIMITED (REGISTERED NUMBER: 06939759)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEXUS INSIGHT LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2022







DIRECTORS: M A Horne
S T Horne





REGISTERED OFFICE: 10 Ashburnham Crescent
Leighton Buzzard
Bedfordshire
LU7 2PB





REGISTERED NUMBER: 06939759 (England and Wales)





ACCOUNTANTS: Ad Valorem Accountancy Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton
Milton Keynes
Buckinghamshire
MK12 5NN

NEXUS INSIGHT LIMITED (REGISTERED NUMBER: 06939759)

BALANCE SHEET
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 16,188 22,871

CURRENT ASSETS
Stocks 52,359 73,684
Debtors 6 337,013 288,765
Cash at bank 24,475 8,095
413,847 370,544
CREDITORS
Amounts falling due within one year 7 195,884 183,746
NET CURRENT ASSETS 217,963 186,798
TOTAL ASSETS LESS CURRENT
LIABILITIES

234,151

209,669

CREDITORS
Amounts falling due after more than one
year

8

61,680

42,094
NET ASSETS 172,471 167,575

CAPITAL AND RESERVES
Called up share capital 10 4 4
Retained earnings 11 172,467 167,571
SHAREHOLDERS' FUNDS 172,471 167,575

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

NEXUS INSIGHT LIMITED (REGISTERED NUMBER: 06939759)

BALANCE SHEET - continued
31 March 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 7 September 2022 and were signed on its behalf by:





M A Horne - Director


NEXUS INSIGHT LIMITED (REGISTERED NUMBER: 06939759)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Nexus Insight 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
The company's turnover represents the value, excluding value added tax, of goods and services supplied to customers during the year. A sale is recognised when revenue and associated costs can be measured reliably and future economic benefits are probable. Revenue is measured at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, net of discounts and VAT.

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 - 20% to 50% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

NEXUS INSIGHT LIMITED (REGISTERED NUMBER: 06939759)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2022

3. ACCOUNTING POLICIES - continued

Tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Government grants
Government grants are recognised in the Income Statement so as to match them with the expenditure towards which they are intended to contribute.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2021 53,115 1,975 2,557 57,647
Additions 4,000 - 868 4,868
Disposals - - (2,094 ) (2,094 )
At 31 March 2022 57,115 1,975 1,331 60,421
DEPRECIATION
At 1 April 2021 31,269 1,375 2,132 34,776
Charge for year 11,040 150 361 11,551
Eliminated on disposal - - (2,094 ) (2,094 )
At 31 March 2022 42,309 1,525 399 44,233
NET BOOK VALUE
At 31 March 2022 14,806 450 932 16,188
At 31 March 2021 21,846 600 425 22,871

NEXUS INSIGHT LIMITED (REGISTERED NUMBER: 06939759)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2022

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 175,656 188,117
Loan to related company 137,500 70,000
Deferred tax asset 18,450 29,326
Prepayments 5,407 1,322
337,013 288,765

The deferred tax asset represents the potential value of tax losses carried forward against corporation tax payable on future profits.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts 9,707 7,906
Other loans 28,457 21,973
Trade creditors 145,785 128,062
Social security and other taxes 70 270
VAT 8,962 23,835
Directors' current accounts 1,203 -
Accrued expenses 1,700 1,700
195,884 183,746

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.22 31.3.21
£    £   
Bank loans - 1-2 years 9,952 9,707
Bank loans - 2-5 years 22,435 32,387
Other loans due in one to two years 29,293 -
61,680 42,094

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.22 31.3.21
£    £   
Other loans 57,750 21,973

The other loan has been secured by a personal guarantee of the directors.

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.22 31.3.21
value: £    £   
4 Ordinary £1 4 4

NEXUS INSIGHT LIMITED (REGISTERED NUMBER: 06939759)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2022

11. RESERVES
Retained
earnings
£   

At 1 April 2021 167,571
Profit for the year 45,896
Dividends (41,000 )
At 31 March 2022 172,467

12. RELATED PARTY DISCLOSURES

The company has made a loan of £137,500 to a company that has a director and shareholder in common with this company. The loan is repayable on demand and interest is being charged on the loan at the rate of 2.5%.

13. POST BALANCE SHEET EVENTS

In common with the majority of the economy, the company has suffered a downturn in demand as a result of the Covid-19 pandemic. The directors are optimistic that trade will increase as the effects of Covid-19 recede.