Company Registration No. 12930288 (England and Wales)
No Limits Group Ltd
Unaudited accounts
for the year ended 31 October 2022
No Limits Group Ltd
Unaudited accounts
Contents
No Limits Group Ltd
Company Information
for the year ended 31 October 2022
Company Number
12930288 (England and Wales)
Registered Office
Suite A 82 James Carter Road
Mildenhall
Bury St. Edmunds
IP28 7DE
England
No Limits Group Ltd
Statement of financial position
as at 31 October 2022
Intangible assets
37,200
41,850
Tangible assets
603,874
679,358
Cash at bank and in hand
38,652
21,607
Creditors: amounts falling due within one year
(163,961)
(162,052)
Net current assets/(liabilities)
42,037
(50,309)
Net assets
683,111
670,899
Called up share capital
1
1
Profit and loss account
683,110
670,898
Shareholders' funds
683,111
670,899
For the year ending 31 October 2022 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 November 2022 and were signed on its behalf by
Jozef Horvath
Director
Company Registration No. 12930288
No Limits Group Ltd
Notes to the Accounts
for the year ended 31 October 2022
No Limits Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 12930288. The registered office is Suite A 82 James Carter Road, Mildenhall, Bury St. Edmunds, IP28 7DE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
No Limits Group Ltd
Notes to the Accounts
for the year ended 31 October 2022
5
Tangible fixed assets
Plant & machinery
At 1 November 2021
754,842
At 31 October 2022
754,842
Charge for the year
75,484
At 31 October 2022
150,968
At 31 October 2022
603,874
At 31 October 2021
679,358
Amounts falling due within one year
Trade debtors
83,315
32,680
7
Creditors: amounts falling due within one year
2022
2021
Trade creditors
37,362
34,159
Taxes and social security
8,364
8,205
Other creditors
61,182
63,736
Loans from directors
29,183
29,412
8
Average number of employees
During the year the average number of employees was 0 (2021: 0).