Company Registration No. 09892948 (England and Wales)
Nearo Ltd
Unaudited accounts
for the year ended 31 March 2023
Nearo Ltd
Unaudited accounts
Contents
Nearo Ltd
Company Information
for the year ended 31 March 2023
Director
Kenneth James O'Hare
Company Number
09892948 (England and Wales)
Registered Office
LEVEL ONE, BASECAMP
49 JAMAICA STREET
LIVERPOOL
MERSEYSIDE
L1 0AH
ENGLAND
Accountants
Appfluent Accounting
Level One, Basecamp
49 Jamaica Street
Liverpool
Merseyside
L1 0AH
Nearo Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
3,724
4,218
Cash at bank and in hand
5,737
8,687
Creditors: amounts falling due within one year
(4,242)
(7,236)
Net current assets
2,706
4,277
Total assets less current liabilities
6,430
8,495
Provisions for liabilities
Called up share capital
10
10
Profit and loss account
6,420
8,064
Shareholders' funds
6,430
8,074
For the year 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 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 28 November 2023 and were signed on its behalf by
Kenneth James O'Hare
Director
Company Registration No. 09892948
Nearo Ltd
Notes to the Accounts
for the year ended 31 March 2023
Nearo Ltd is a private company, limited by shares, registered in England and Wales, registration number 09892948. The registered office is LEVEL ONE, BASECAMP, 49 JAMAICA STREET, LIVERPOOL, MERSEYSIDE, L1 0AH, 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.
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.
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.
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
16% Straight Line
Motor vehicles
16% Straight Line
Computer equipment
16% Straight Line
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
4,145
2,933
7,078
At 31 March 2023
5,371
2,933
8,304
At 1 April 2022
2,434
426
2,860
Charge for the year
813
907
1,720
At 31 March 2023
3,247
1,333
4,580
At 31 March 2023
2,124
1,600
3,724
At 31 March 2022
1,711
2,507
4,218
Amounts falling due within one year
Nearo Ltd
Notes to the Accounts
for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
(3,203)
(3,203)
Trade creditors
2,426
4,321
Taxes and social security
5,019
6,118
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).