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REGISTERED NUMBER: 11614765 (England and Wales)


Nimbous Ltd

Abridged Unaudited Financial Statements

for the Year Ended 30 September 2023






Nimbous Ltd (Registered number: 11614765)






Contents of the Financial Statements
for the year ended 30 September 2023




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Nimbous Ltd

Company Information
for the year ended 30 September 2023







DIRECTOR: Mr A Guzel





REGISTERED OFFICE: 86-90 Paul Street
London
EC2A 4NE





REGISTERED NUMBER: 11614765 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Nimbous Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Nimbous Ltd for the year ended 30 September 2023 which comprise the Abridged Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Nimbous Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Nimbous Ltd and state those matters that we have agreed to state to the director of Nimbous Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nimbous Ltd and its director for our work or for this report.

It is your duty to ensure that Nimbous Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Nimbous Ltd. You consider that Nimbous Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Nimbous Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


10 April 2024

Nimbous Ltd (Registered number: 11614765)

Statement of Financial Position
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 94 112
Property, plant and equipment 5 16,510 8,107
16,604 8,219

CURRENT ASSETS
Debtors 6 25,627 19,221
Cash at bank and in hand 1,642 11,887
27,269 31,108
CREDITORS
Amounts falling due within one year 7 38,640 32,794
NET CURRENT LIABILITIES (11,371 ) (1,686 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,233

6,533

CREDITORS
Amounts falling due after more than one
year

8

3,333

5,326
NET ASSETS 1,900 1,207

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 1,899 1,206
SHAREHOLDERS' FUNDS 1,900 1,207

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Nimbous Ltd (Registered number: 11614765)

Statement of Financial Position - continued
30 September 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement for the year ended 30 September 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 April 2024 and were signed by:





Mr A Guzel - Director


Nimbous Ltd (Registered number: 11614765)

Notes to the Financial Statements
for the year ended 30 September 2023

1. STATUTORY INFORMATION

Nimbous Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover is derived from the ordinary trading activities of the business and is recognised when the customers obtain the right to consideration.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.


Nimbous Ltd (Registered number: 11614765)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2022
and 30 September 2023 250
AMORTISATION
At 1 October 2022 138
Charge for year 18
At 30 September 2023 156
NET BOOK VALUE
At 30 September 2023 94
At 30 September 2022 112

Nimbous Ltd (Registered number: 11614765)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 October 2022 1,668 1,816 9,449 12,933
Additions 5,316 5,777 2,813 13,906
At 30 September 2023 6,984 7,593 12,262 26,839
DEPRECIATION
At 1 October 2022 519 542 3,765 4,826
Charge for year 1,616 1,763 2,124 5,503
At 30 September 2023 2,135 2,305 5,889 10,329
NET BOOK VALUE
At 30 September 2023 4,849 5,288 6,373 16,510
At 30 September 2022 1,149 1,274 5,684 8,107

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 19,290 19,110
Other debtors 6,337 111
25,627 19,221

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,000 2,000
Trade creditors 3,519 2,322
Taxation and social security 31,991 27,490
Other creditors 1,130 982
38,640 32,794

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 3,333 5,326

Nimbous Ltd (Registered number: 11614765)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Retained
earnings
£   

At 1 October 2022 1,206
Profit for the year 110,693
Dividends (110,000 )
At 30 September 2023 1,899