1 November 2022 false No description of principal activity Taxfiler 2023.10.1 9280240business:PrivateLimitedCompanyLtd2022-11-012023-10-31 92802402022-10-31 92802402022-11-012023-10-31 9280240business:AuditExemptWithAccountantsReport2022-11-012023-10-31 9280240business:FilletedAccounts2022-11-012023-10-31 92802402023-10-31 9280240business:Director22022-11-012023-10-31 92802402022-10-31 9280240core:WithinOneYear2023-10-31 9280240core:WithinOneYear2022-10-31 9280240core:AfterOneYear2023-10-31 9280240core:AfterOneYear2022-10-31 9280240core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 9280240core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 9280240core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 9280240core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 9280240core:PreviouslyStatedAmount2023-10-31 9280240core:PreviouslyStatedAmount2022-10-31 9280240business:SmallEntities2022-11-012023-10-31 9280240countries:EnglandWales2022-11-012023-10-31 9280240core:PlantMachinery2022-11-012023-10-31 9280240core:PlantMachinery2022-10-31 9280240core:PlantMachinery2023-10-31 9280240business:OrdinaryShareClass12022-11-012023-10-31 9280240business:OrdinaryShareClass12021-11-012022-10-31 92802402021-11-012022-10-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 9280240 (England and Wales)
Nexito Ltd Unaudited accounts for the year ended 31 October 2023
Nexito Ltd Unaudited accounts Contents
Page
- 2 -
Nexito Ltd Company Information for the year ended 31 October 2023
Director
Samuel Nixon
Company Number
9280240 (England and Wales)
Accountants
Accountancy Gems Limited 29 Andrew Road St Neots Cambs PE19 2QE
- 3 -
Nexito Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,639 
10,185 
Current assets
Cash at bank and in hand
4,728 
20,196 
Creditors: amounts falling due within one year
(3,464)
(11,265)
Net current assets
1,264 
8,931 
Total assets less current liabilities
8,903 
19,116 
Creditors: amounts falling due after more than one year
(6,200)
(8,724)
Net assets
2,703 
10,392 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
2,603 
10,292 
Shareholders' funds
2,703 
10,392 
For the year ending 31 October 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 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 24 November 2023 and were signed on its behalf by
Samuel Nixon Director Company Registration No. 9280240
- 4 -
Nexito Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Nexito Ltd is a private company, limited by shares, registered in England and Wales, registration number 9280240.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 November 2022
17,173 
At 31 October 2023
17,173 
Depreciation
At 1 November 2022
6,988 
Charge for the year
2,546 
At 31 October 2023
9,534 
Net book value
At 31 October 2023
7,639 
At 31 October 2022
10,185 
- 5 -
Nexito Ltd Notes to the Accounts for the year ended 31 October 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
(85)
Taxes and social security
1,124 
3,829 
Loans from directors
2,340 
7,521 
3,464 
11,265 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
6,200 
8,724 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
- 6 -