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REGISTERED NUMBER: 12708686 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Nova Composites UK Limited

Nova Composites UK Limited (Registered number: 12708686)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Nova Composites UK Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Mrs Y C Rich





REGISTERED OFFICE: Trade Fair House
2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD





REGISTERED NUMBER: 12708686 (England and Wales)





ACCOUNTANTS: Accsys Accountants Limited
Chartered Accountants
Trade Fair House
2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

Nova Composites UK Limited (Registered number: 12708686)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 937 1,250

CURRENT ASSETS
Debtors 5 27,933 17,429
Cash at bank 9,060 29,584
36,993 47,013
CREDITORS
Amounts falling due within one year 6 43,557 25,496
NET CURRENT (LIABILITIES)/ASSETS (6,564 ) 21,517
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,627

)

22,767

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (5,628 ) 22,766
(5,627 ) 22,767

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2023 and were signed by:





Mrs Y C Rich - Director


Nova Composites UK Limited (Registered number: 12708686)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Nova Composites UK 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 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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2022
and 30 June 2023 1,515
DEPRECIATION
At 1 July 2022 265
Charge for year 313
At 30 June 2023 578
NET BOOK VALUE
At 30 June 2023 937
At 30 June 2022 1,250

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 27,933 17,404
Other debtors - 25
27,933 17,429

Nova Composites UK Limited (Registered number: 12708686)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 11,301 -
Taxation and social security 4,539 8,508
Other creditors 27,717 16,988
43,557 25,496