Company Registration No. 13983576 (England and Wales)
Nueva Vida Group Ltd
Unaudited accounts
for the period from 17 March 2022 to 31 March 2023
Nueva Vida Group Ltd
Unaudited accounts
Contents
Nueva Vida Group Ltd
Company Information
for the period from 17 March 2022 to 31 March 2023
Directors
Jack Ballentine
James Pryor
Company Number
13983576 (England and Wales)
Registered Office
77a Richmond Road
Twickenham
TW1 3AW
England
Accountants
Goldbridge Partnership Ltd
77A Richmond Road
Twickenham
Middlesex
TW1 3AW
Nueva Vida Group Ltd
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
(20,402)
Creditors: amounts falling due within one year
(18,101)
Called up share capital
200
Profit and loss account
246
Shareholders' funds
50,366
For the period ending 31 March 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 19 October 2023 and were signed on its behalf by
Jack Ballentine
Director
Company Registration No. 13983576
Nueva Vida Group Ltd
Notes to the Accounts
for the period from 17 March 2022 to 31 March 2023
Nueva Vida Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 13983576. The registered office is 77a Richmond Road, Twickenham, TW1 3AW, England.
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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 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Nueva Vida Group Ltd
Notes to the Accounts
for the period from 17 March 2022 to 31 March 2023
The tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
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Intangible fixed assets
Other
Charge for the period
1,775
Intangible assets are amortised over a period of 10 years.
Amounts falling due within one year
Accrued income and prepayments
72,850
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Creditors: amounts falling due within one year
2023
Taxes and social security
5,223
Loans from directors
(19,654)
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Average number of employees
During the period the average number of employees was 0.