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REGISTERED NUMBER: 07563661 (England and Wales)















Financial Statements for the Year Ended 31 October 2023

for

Nexus Dmm Limited

Nexus Dmm Limited (Registered number: 07563661)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nexus Dmm Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: D J Hall





SECRETARY: Mrs J E Hall





REGISTERED OFFICE: 4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY





REGISTERED NUMBER: 07563661 (England and Wales)





ACCOUNTANTS: Geoffrey Cole & Co
4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY

Nexus Dmm Limited (Registered number: 07563661)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 49,501 4,573
49,501 4,573

CURRENT ASSETS
Stocks 7,350 11,255
Debtors 6 359,714 471,150
Cash at bank 35,771 73,498
402,835 555,903
CREDITORS
Amounts falling due within one year 7 271,873 319,036
NET CURRENT ASSETS 130,962 236,867
TOTAL ASSETS LESS CURRENT
LIABILITIES

180,463

241,440

CREDITORS
Amounts falling due after more than one
year

8

(16,667

)

(26,667

)

PROVISIONS FOR LIABILITIES (2,384 ) (960 )
NET ASSETS 161,412 213,813

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 161,411 213,812
161,412 213,813

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Nexus Dmm Limited (Registered number: 07563661)

Balance Sheet - continued
31 October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 March 2024 and were signed on its behalf by:





D J Hall - Director


Nexus Dmm Limited (Registered number: 07563661)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Nexus Dmm Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis, which assumes the company will continue in operational existence, and will be able to meet its liabilities as they fall due, for a period of at least twelve months from the date of approval of the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 33% on cost and 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Nexus Dmm Limited (Registered number: 07563661)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 13,100
AMORTISATION
At 1 November 2022
and 31 October 2023 13,100
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 - 42,143 42,143
Additions 40,165 8,077 48,242
At 31 October 2023 40,165 50,220 90,385
DEPRECIATION
At 1 November 2022 - 37,570 37,570
Charge for year - 3,314 3,314
At 31 October 2023 - 40,884 40,884
NET BOOK VALUE
At 31 October 2023 40,165 9,336 49,501
At 31 October 2022 - 4,573 4,573

Nexus Dmm Limited (Registered number: 07563661)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 175,692 190,854
Amounts recoverable on contract 29,285 -
Other debtors 118,809 240,776
323,786 431,630

Amounts falling due after more than one year:
Other debtors 35,928 39,520

Aggregate amounts 359,714 471,150

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 160,921 191,928
Taxation and social security 83,602 109,910
Other creditors 17,350 7,198
271,873 319,036

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 16,667 26,667

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 October 2023 an amount of £110,547 (2022: £142,700) was owed to the company from Mr D J Hall and Mrs J Hall. These amounts had no set repayment terms and were provided interest free.