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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
Page
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No Limits Group Ltd Company Information for the year ended 31 October 2022
Director
Jozef Horvath
Company Number
12930288 (England and Wales)
Registered Office
Suite A 82 James Carter Road Mildenhall Bury St. Edmunds IP28 7DE England
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No Limits Group Ltd Statement of financial position as at 31 October 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
37,200 
41,850 
Tangible assets
603,874 
679,358 
641,074 
721,208 
Current assets
Inventories
84,031 
57,456 
Debtors
83,315 
32,680 
Cash at bank and in hand
38,652 
21,607 
205,998 
111,743 
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 
Capital and reserves
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
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No Limits Group Ltd Notes to the Accounts for the year ended 31 October 2022
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
10
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2021
46,500 
At 31 October 2022
46,500 
Amortisation
At 1 November 2021
4,650 
Charge for the year
4,650 
At 31 October 2022
9,300 
Net book value
At 31 October 2022
37,200 
At 31 October 2021
41,850 
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No Limits Group Ltd Notes to the Accounts for the year ended 31 October 2022
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 November 2021
754,842 
At 31 October 2022
754,842 
Depreciation
At 1 November 2021
75,484 
Charge for the year
75,484 
At 31 October 2022
150,968 
Net book value
At 31 October 2022
603,874 
At 31 October 2021
679,358 
6
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
83,315 
32,680 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
11,923 
10,593 
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 
Accruals
15,947 
15,947 
163,961 
162,052 
8
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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