Registered number
10782676
Nysa International Ltd
Filleted Accounts
31 December 2023
Keith Vaudrey & Co Ltd
Chartered Certified Accountants
51 Marloes Road
London W8 6LA
Nysa International Ltd
Registered number: 10782676
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 72,265 80,498
Current assets
Stocks 49,099 94,461
Debtors 4 59,120 63,532
Cash at bank and in hand 36,366 53,129
144,585 211,122
Creditors: amounts falling due within one year 5 (215,561) (203,300)
Net current (liabilities)/assets (70,976) 7,822
Total assets less current liabilities 1,289 88,320
Creditors: amounts falling due after more than one year 6 (203,750) (213,750)
Net liabilities (202,461) (125,430)
Capital and reserves
Called up share capital 70,000 70,000
Profit and loss account (272,461) (195,430)
Shareholders' funds (202,461) (125,430)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Louis Bizouard De Montille
Director
Approved by the board on 16 February 2024
Nysa International Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Furniture, fixtures & fittings Straight Line over 5 years
Plant and machinery Straight Line 10%
Office equipment Straight Line over 5 years
Computer equipment Straight Line over 3 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 5
3 Tangible fixed assets
Furniture, Fixtures & Fittings Plant and machinery etc Office & Computer Equipment Total
£ £ £ £
Cost
At 1 January 2023 102,654 3,875 8,698 115,227
Additions - 420 499 919
Disposals - (1,295) - (1,295)
At 31 December 2023 102,654 3,000 9,197 114,851
Depreciation
At 1 January 2023 27,492 867 6,370 34,729
Charge for the year 6,417 681 1,299 8,397
On disposals - (540) - (540)
At 31 December 2023 33,909 1,008 7,669 42,586
Net book value
At 31 December 2023 68,745 1,992 1,528 72,265
At 31 December 2022 75,162 3,008 2,328 80,498
4 Debtors 2023 2022
£ £
Trade debtors 15,922 18,199
Other debtors 43,198 45,333
59,120 63,532
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans 10,000 10,000
Trade creditors 176,800 169,765
Taxation and social security costs 22,019 16,533
Other creditors 6,742 7,002
215,561 203,300
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 14,167 24,167
Other creditors 189,583 189,583
203,750 213,750
7 Controlling party
The ultimate controlling party is Spirita International Ltd with a shareholding of 60%, a company incorporated in England. Its registered office is 51 Marloes Road, London, W8 6LA.
8 Other information
Nysa International Ltd is a private company limited by shares and incorporated in England. Its registered office is:
186 Fulham Road
London
SW10 9PN
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