Registered number: 07542873 | ||||||||
FOR THE YEAR ENDED 31/01/2024 | ||||||||
Prepared By: | ||||||||
Andrew C Smallwood & Co Ltd | ||||||||
11 Wembdon Hill | ||||||||
Wembdon | ||||||||
Bridgwater | ||||||||
Somerset | ||||||||
TA6 7PX |
Nexus IFA Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/01/2024 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
Somerset | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 07542873 | ||||||||
ACCOUNTANTS | ||||||||
Andrew C Smallwood & Co Ltd | ||||||||
11 Wembdon Hill | ||||||||
Wembdon | ||||||||
Bridgwater | ||||||||
Somerset | ||||||||
TA6 7PX |
Nexus IFA Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/01/2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Nexus IFA Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 2 | |||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
599,870 | 775,972 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS | 524,274 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 592,294 | 742,264 | |||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | 765,646 | 993,734 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Nexus IFA Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/01/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Equipment | reducing balance 25% |
1c. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1d. Goodwill | ||||||||
2. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 01/02/2023 | 2,337,565 | 2,337,565 | ||
At 31/01/2024 | 2,337,565 | 2,337,565 | ||
Depreciation | ||||
At 01/02/2023 | 1,127,983 | 1,127,983 | ||
For the year | 170,956 | 170,956 | ||
At 31/01/2024 | 1,298,939 | 1,298,939 | ||
Net Book Amounts | ||||
At 31/01/2024 | ||||
At 31/01/2023 | ||||
Nexus IFA Limited | ||||||||
3. TANGIBLE FIXED ASSETS | ||||
Equipment | Total | |||
£ | £ | |||
Cost | ||||
At 01/02/2023 | 11,074 | 11,074 | ||
At 31/01/2024 | 11,074 | 11,074 | ||
Depreciation | ||||
At 01/02/2023 | 8,832 | 8,832 | ||
For the year | 562 | 562 | ||
At 31/01/2024 | 9,394 | 9,394 | ||
Net Book Amounts | ||||
At 31/01/2024 | 1,680 | |||
At 31/01/2023 | 2,242 | |||
4. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 800 | 800 | ||||||
Other debtors | 100 | 3,342 | ||||||
900 | 4,142 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 7,164 | 13,719 | ||||||
Directors current account | 10,117 | 10,117 | ||||||
Trade creditors | 160,428 | 179,778 | ||||||
Other creditors | 99,627 | 43,270 | ||||||
Accruals | 4,800 | 4,814 | ||||||
282,136 | 251,698 | |||||||
Nexus IFA Limited | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Other creditors > 1yr | 592,294 | 742,264 | ||||||
592,294 | 742,264 | |||||||
7. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 20 | |||||
8. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
9. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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