1 July 2022 false No description of principal activity Taxfiler 2023.14 10912884business:PrivateLimitedCompanyLtd2022-07-012023-06-30 109128842022-06-30 109128842022-07-012023-06-30 10912884business:AuditExemptWithAccountantsReport2022-07-012023-06-30 10912884business:FilletedAccounts2022-07-012023-06-30 109128842023-06-30 109128842022-06-30 10912884core:WithinOneYear2023-06-30 10912884core:WithinOneYear2022-06-30 10912884core:AfterOneYear2023-06-30 10912884core:AfterOneYear2022-06-30 10912884core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 10912884core:ShareCapitalcore:PreviouslyStatedAmount2022-06-30 10912884core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 10912884core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-06-30 10912884core:PreviouslyStatedAmount2023-06-30 10912884core:PreviouslyStatedAmount2022-06-30 10912884business:SmallEntities2022-07-012023-06-30 10912884business:Director12022-07-012023-06-30 10912884countries:EnglandWales2022-07-012023-06-30 10912884business:RegisteredOffice2022-07-012023-06-30 10912884core:LandBuildings2022-07-012023-06-30 10912884core:PlantMachinery2022-07-012023-06-30 10912884core:Goodwill2022-06-30 10912884core:Goodwill2023-06-30 10912884core:Goodwill2022-07-012023-06-30 10912884core:LandBuildings2022-06-30 10912884core:PlantMachinery2022-06-30 10912884core:LandBuildings2023-06-30 10912884core:PlantMachinery2023-06-30 109128842021-07-012022-06-30 iso4217:GBP xbrli:pure
NIRVANA SQUARED LIMITED Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
14,700 
16,800 
Tangible assets
32,091 
21,400 
46,791 
38,200 
Current assets
Inventories
3,492 
4,448 
Debtors
1,000 
6,129 
Cash at bank and in hand
3,481 
35,196 
7,973 
45,773 
Creditors: amounts falling due within one year
(63,863)
(50,716)
Net current liabilities
(55,890)
(4,943)
Total assets less current liabilities
(9,099)
33,257 
Creditors: amounts falling due after more than one year
(39,839)
(44,983)
Provisions for liabilities
Deferred tax
(4,741)
(2,413)
Net liabilities
(53,679)
(14,139)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(53,779)
(14,239)
Shareholders' funds
(53,679)
(14,139)
For the year ending 30 June 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 her 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 7 March 2024 and were signed on its behalf by
D Ghai Director Company Registration No. 10912884
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NIRVANA SQUARED LIMITED Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
NIRVANA SQUARED LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10912884. The registered office is 199 MARSH ROAD, PINNER, HA5 5NE, 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.
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.
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:
Land & buildings
10% per annum reducing balance
Plant & machinery
10% and 25% on Cost
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2022
21,000 
At 30 June 2023
21,000 
Amortisation
At 1 July 2022
4,200 
Charge for the year
2,100 
At 30 June 2023
6,300 
Net book value
At 30 June 2023
14,700 
At 30 June 2022
16,800 
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NIRVANA SQUARED LIMITED Notes to the Accounts for the year ended 30 June 2023
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2022
- 
42,902 
42,902 
Additions
17,257 
550 
17,807 
At 30 June 2023
17,257 
43,452 
60,709 
Depreciation
At 1 July 2022
- 
21,502 
21,502 
Charge for the year
1,726 
5,390 
7,116 
At 30 June 2023
1,726 
26,892 
28,618 
Net book value
At 30 June 2023
15,531 
16,560 
32,091 
At 30 June 2022
- 
21,400 
21,400 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
2,248 
Accrued income and prepayments
- 
903 
Other debtors
1,000 
2,978 
1,000 
6,129 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,463 
4,859 
Trade creditors
14,705 
31,930 
Taxes and social security
5,631 
8,374 
Other creditors
1,000 
5,553 
Loans from directors
38,369 
- 
Accruals
695 
- 
63,863 
50,716 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
39,839 
44,983 
9
Average number of employees
During the year the average number of employees was 8 (2022: 7).
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