Registered number
07452520
Nissi Business Solutions Limited
Filleted Accounts
31 January 2023
Nissi Business Solutions Limited
Registered number: 07452520
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3,400 972
Current assets
Debtors 4 244,620 162,374
Cash at bank and in hand 52,457 83,821
297,077 246,195
Creditors: amounts falling due within one year 5 (275,567) (228,815)
Net current assets 21,510 17,380
Net assets 24,910 18,352
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 23,910 17,352
Shareholders' funds 24,910 18,352
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
L Mabuku-chimbaza
Director
Approved by the board on 25 October 2023
Nissi Business Solutions Limited
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer Equipment over 3 years
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 35 26
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 February 2022 18,172 2,078 2,590 22,840
Additions - - 3,400 3,400
Disposals - - (2,590) (2,590)
At 31 January 2023 18,172 2,078 3,400 23,650
Depreciation
At 1 February 2022 18,172 2,078 1,618 21,868
Charge for the year - - 324 324
On disposals - - (1,942) (1,942)
At 31 January 2023 18,172 2,078 - 20,250
Net book value
At 31 January 2023 - - 3,400 3,400
At 31 January 2022 - - 972 972
4 Debtors 2023 2022
£ £
Trade debtors 145,458 63,212
Amounts owed by group undertakings and undertakings in which the company has a participating interest 99,162 99,162
244,620 162,374
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 65,794 60,305
Trade creditors 5,472 15,408
Taxation and social security costs 62,321 53,173
Other creditors 141,980 99,929
275,567 228,815
6 Other information
Nissi Business Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
Nexus Business Centre
6 Darby Close
Swindon
SN2 2PN
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