NEXUS SPORTS LIMITED

Company Registration Number:
12914539 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2022

Period of accounts

Start date: 01 October 2021

End date: 30 September 2022

NEXUS SPORTS LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2022

Balance sheet
Notes

NEXUS SPORTS LIMITED

Balance sheet

As at 30 September 2022


Notes

2022

2021


£

£
Current assets
Stocks: 15,760 15,980
Debtors:   312 559
Cash at bank and in hand: 4 352
Total current assets: 16,076 16,891
Creditors: amounts falling due within one year: 3 (24,162) (19,611)
Net current assets (liabilities): (8,086) (2,720)
Total assets less current liabilities: (8,086) (2,720)
Total net assets (liabilities): (8,086) (2,720)
Capital and reserves
Called up share capital: 2 2
Profit and loss account: (8,088) (2,722)
Shareholders funds: (8,086) (2,720)

The notes form part of these financial statements

NEXUS SPORTS LIMITED

Balance sheet statements

For the year ending 30 September 2022 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 September 2023
and signed on behalf of the board by:

Name: Muhammad Aqib
Status: Director

The notes form part of these financial statements

NEXUS SPORTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

NEXUS SPORTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2022

2. Employees

2022 2021
Average number of employees during the period 2 2

NEXUS SPORTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2022

3. Creditors: amounts falling due within one year note

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

NEXUS SPORTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2022

4. Financial commitments

As at the balance sheet date, the company had total commitments of £Nil (2021: £1,404)

NEXUS SPORTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2022

5. Loans to directors

Name of director receiving advance or credit:
Description of the loan: As at the balance sheet date, £23,987 (2021: £19,436) was due to the directors of the company. This loan is interest free and repayable on demand.
£
Balance at 01 October 2021 19,436
Advances or credits made: 4,551
Balance at 30 September 2022 23,987