NIRVANA SQUARED LIMITED
Statement of financial position
as at 30 June 2023
Intangible assets
14,700
16,800
Tangible assets
32,091
21,400
Cash at bank and in hand
3,481
35,196
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)
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
NIRVANA SQUARED LIMITED
Notes to the Accounts
for the year ended 30 June 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
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
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
At 30 June 2023
15,531
16,560
32,091
At 30 June 2022
-
21,400
21,400
Amounts falling due within one year
Accrued income and prepayments
-
903
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
-
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 8 (2022: 7).