IRIS Accounts Production v23.3.0.418 12070328 director 1.7.22 30.6.23 30.6.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh120703282022-06-30120703282023-06-30120703282022-07-012023-06-30120703282021-06-30120703282021-07-012022-06-30120703282022-06-3012070328ns10:Originalns15:EnglandWales2022-07-012023-06-3012070328ns14:PoundSterlingns10:Original2022-07-012023-06-3012070328ns10:Originalns10:Director12022-07-012023-06-3012070328ns10:Original2022-07-012023-06-3012070328ns10:Original2023-06-3012070328ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3012070328ns10:Originalns10:SmallEntities2022-07-012023-06-3012070328ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3012070328ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3012070328ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3012070328ns10:Originalns10:FullAccounts2022-07-012023-06-3012070328ns10:Originalns10:RegisteredOffice2022-07-012023-06-3012070328ns10:Original2022-06-3012070328ns10:Originalns5:CurrentFinancialInstruments2023-06-3012070328ns10:Originalns5:CurrentFinancialInstruments2022-06-3012070328ns10:Originalns5:Non-currentFinancialInstruments2023-06-3012070328ns10:Originalns5:Non-currentFinancialInstruments2022-06-3012070328ns5:ShareCapitalns10:Original2023-06-3012070328ns5:ShareCapitalns10:Original2022-06-3012070328ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3012070328ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3012070328ns10:Originalns5:FurnitureFittings2022-07-012023-06-3012070328ns10:Originalns5:ComputerEquipment2022-07-012023-06-3012070328ns10:Original2021-07-012022-06-3012070328ns10:Originalns5:FurnitureFittings2022-06-3012070328ns10:Originalns5:ComputerEquipment2022-06-3012070328ns10:Original2022-06-3012070328ns10:Originalns5:FurnitureFittings2023-06-3012070328ns10:Originalns5:ComputerEquipment2023-06-3012070328ns10:Originalns5:FurnitureFittings2022-06-3012070328ns10:Originalns5:ComputerEquipment2022-06-3012070328ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3012070328ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3012070328ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3012070328ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3012070328ns5:BetweenOneFiveYearsns10:Originalns5:HirePurchaseContracts2023-06-3012070328ns5:BetweenOneFiveYearsns10:Originalns5:HirePurchaseContracts2022-06-3012070328ns10:Originalns5:HirePurchaseContracts2023-06-3012070328ns10:Originalns5:HirePurchaseContracts2022-06-3012070328ns10:Originalns5:WithinOneYear2023-06-3012070328ns10:Originalns5:WithinOneYear2022-06-3012070328ns10:Original1ns10:Director12022-06-3012070328ns10:Original1ns10:Director12021-06-3012070328ns10:Original1ns10:Director12022-07-012023-06-3012070328ns10:Original1ns10:Director12021-07-012022-06-3012070328ns10:Original1ns10:Director12023-06-3012070328ns10:Original1ns10:Director12022-06-30
REGISTERED NUMBER: 12070328 (England and Wales)








REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

NEXUS CONSULT LIMITED

NEXUS CONSULT LIMITED (REGISTERED NUMBER: 12070328)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023




Page

Company Information 1

Report of the Director 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


NEXUS CONSULT LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2023







DIRECTOR: Mr S M Coulton





REGISTERED OFFICE: Mereside, Alderley Park
Congleton Road
Nether Alderley
Macclesfield
Cheshire
SK10 4TG





REGISTERED NUMBER: 12070328 (England and Wales)





ACCOUNTANTS: Cadishead Accountancy Services Limited
Britannic House
657 Liverpool Road
Irlam
Manchester
Lancashire
M44 5XD

NEXUS CONSULT LIMITED (REGISTERED NUMBER: 12070328)

REPORT OF THE DIRECTOR
for the Year Ended 30 June 2023

The director presents his report with the financial statements of the company for the year ended 30 June 2023.

DIRECTOR
Mr S M Coulton held office during the whole of the period from 1 July 2022 to the date of this report.

His beneficial interest in the shares of the company, according to the register of directors' interests, was as follows:

30.6.23 1.7.22
Ordinary shares of £1.00 each 1 1

He did not hold any non-beneficial interests in the shares of the company.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr S M Coulton - Director


11 March 2024

NEXUS CONSULT LIMITED (REGISTERED NUMBER: 12070328)

BALANCE SHEET
30 June 2023

30.6.23 30.6.22
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 2,879 3,408

CURRENT ASSETS
Debtors 5 46,665 32,100
Cash at bank 16,624 32,549
63,289 64,649
CREDITORS
Amounts falling due within one year 6 (30,875 ) (23,488 )
NET CURRENT ASSETS 32,414 41,161
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,293

44,569

CREDITORS
Amounts falling due after more than one
year

7

(14,987

)

(22,200

)

PROVISIONS FOR LIABILITIES (547 ) (648 )
NET ASSETS 19,759 21,721

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 19,758 21,720
SHAREHOLDERS' FUNDS 19,759 21,721

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 CONSULT LIMITED (REGISTERED NUMBER: 12070328)

BALANCE SHEET - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 March 2024 and were signed by:





Mr S M Coulton - Director


NEXUS CONSULT LIMITED (REGISTERED NUMBER: 12070328)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Nexus Consult 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 1 (2022 - 1 ) .

NEXUS CONSULT LIMITED (REGISTERED NUMBER: 12070328)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2022 4,300 4,084 8,384
Additions - 2,089 2,089
At 30 June 2023 4,300 6,173 10,473
DEPRECIATION
At 1 July 2022 2,628 2,348 4,976
Charge for year 1,075 1,543 2,618
At 30 June 2023 3,703 3,891 7,594
NET BOOK VALUE
At 30 June 2023 597 2,282 2,879
At 30 June 2022 1,672 1,736 3,408

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 10,371 17,760
Amounts owed by participating interests 4,098 4,098
Other debtors 32,196 10,242
46,665 32,100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 10,222 7,400
Hire purchase contracts (see note 8) 562 -
Trade creditors 4,021 1,666
Taxation and social security 12,970 12,412
Other creditors 3,100 2,010
30,875 23,488

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 14,800 22,200
Hire purchase contracts (see note 8) 187 -
14,987 22,200

NEXUS CONSULT LIMITED (REGISTERED NUMBER: 12070328)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.6.23 30.6.22
£    £   
Net obligations repayable:
Within one year 562 -
Between one and five years 187 -
749 -

Non-cancellable operating leases
30.6.23 30.6.22
£    £   
Within one year 313 250

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
£    £   
Mr S M Coulton
Balance outstanding at start of year 9,700 9,905
Amounts advanced 36,433 7,795
Amounts repaid (14,250 ) (8,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 31,883 9,700

10. RELATED PARTY DISCLOSURES

The company was owed £4,098 (2022 : £4,098) by Nexus Consult Cost Management LLC a company based in Dubai. Mr S Coulton is a director and 49% shareholder of Nexus Consult Cost Management LLC.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S M Coulton.