1 February 2022 false No description of principal activity Taxfiler 2023.10 SC685615business:PrivateLimitedCompanyLtd2022-02-012023-01-31 SC6856152022-01-31 SC6856152022-02-012023-01-31 SC685615business:AuditExempt-NoAccountantsReport2022-02-012023-01-31 SC685615business:FilletedAccounts2022-02-012023-01-31 SC6856152023-01-31 SC685615business:Director12022-02-012023-01-31 SC685615business:Director22022-02-012023-01-31 SC685615business:RegisteredOffice2022-02-012023-01-31 SC6856152022-01-31 SC685615core:WithinOneYear2023-01-31 SC685615core:WithinOneYear2022-01-31 SC685615core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 SC685615core:ShareCapitalcore:PreviouslyStatedAmount2022-01-31 SC685615core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 SC685615core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-01-31 SC685615core:PreviouslyStatedAmount2023-01-31 SC685615core:PreviouslyStatedAmount2022-01-31 SC685615business:SmallEntities2022-02-012023-01-31 SC685615countries:Scotland2022-02-012023-01-31 SC685615core:PlantMachinery2022-02-012023-01-31 SC685615core:PlantMachinery2022-01-31 SC685615core:PlantMachinery2023-01-31 SC6856152021-01-112022-01-31 iso4217:GBP xbrli:pure
Company Registration No. SC685615 (Scotland)
Noovo Ltd Unaudited accounts for the year ended 31 January 2023
Noovo Ltd Unaudited accounts Contents
Page
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Noovo Ltd Company Information for the year ended 31 January 2023
Directors
Nicholas Burden Vannessa J Keizer
Company Number
SC685615 (Scotland)
Registered Office
101 Rose Street South Lane Edinburgh EH2 3JG
Accountants
Callan Accountancy 21 - 23 Woodside Place Glasgow G3 7QF
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Noovo Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,110 
361 
Current assets
Inventories
12,700 
- 
Debtors
5,370 
5,314 
Cash at bank and in hand
17,182 
20,838 
35,252 
26,152 
Creditors: amounts falling due within one year
(24,020)
(25,988)
Net current assets
11,232 
164 
Net assets
12,342 
525 
Capital and reserves
Called up share capital
4 
2 
Profit and loss account
12,338 
523 
Shareholders' funds
12,342 
525 
For the year ending 31 January 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 17 October 2023 and were signed on its behalf by
Vannessa J Keizer Director Company Registration No. SC685615
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Noovo Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Noovo Ltd is a private company, limited by shares, registered in Scotland, registration number SC685615. The registered office is 101 Rose Street South Lane, Edinburgh, EH2 3JG.
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
, etc - 33%SL, 25%RB
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 February 2022
493 
Additions
1,254 
At 31 January 2023
1,747 
Depreciation
At 1 February 2022
132 
Charge for the year
505 
At 31 January 2023
637 
Net book value
At 31 January 2023
1,110 
At 31 January 2022
361 
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Noovo Ltd Notes to the Accounts for the year ended 31 January 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,195 
1,904 
Other debtors
175 
3,410 
5,370 
5,314 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
734 
5,908 
Taxes and social security
7,098 
2,443 
Other creditors
- 
576 
Loans from directors
16,188 
17,061 
24,020 
25,988 
7
Transactions with related parties
During the period to 31 January 2023, directors have provided the company with interest free loan of £16,188 (2022, £17,061). There is no fixed terms of repayment.
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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