Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-30true2022-07-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity11false 12647410 2022-07-01 2023-06-30 12647410 2021-07-01 2022-06-30 12647410 2023-06-30 12647410 2022-06-30 12647410 2021-07-01 12647410 c:Director1 2022-07-01 2023-06-30 12647410 d:CurrentFinancialInstruments 2023-06-30 12647410 d:CurrentFinancialInstruments 2022-06-30 12647410 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12647410 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 12647410 d:ShareCapital 2022-07-01 2023-06-30 12647410 d:ShareCapital 2023-06-30 12647410 d:ShareCapital 2021-07-01 2022-06-30 12647410 d:ShareCapital 2022-06-30 12647410 d:ShareCapital 2021-07-01 12647410 d:SharePremium 2022-07-01 2023-06-30 12647410 d:SharePremium 2023-06-30 12647410 d:SharePremium 2021-07-01 2022-06-30 12647410 d:SharePremium 2022-06-30 12647410 d:SharePremium 2021-07-01 12647410 d:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 12647410 d:RetainedEarningsAccumulatedLosses 2023-06-30 12647410 d:RetainedEarningsAccumulatedLosses 2021-07-01 2022-06-30 12647410 d:RetainedEarningsAccumulatedLosses 2022-06-30 12647410 d:RetainedEarningsAccumulatedLosses 2021-07-01 12647410 c:OrdinaryShareClass2 2022-07-01 2023-06-30 12647410 c:OrdinaryShareClass2 2023-06-30 12647410 c:OrdinaryShareClass2 2022-06-30 12647410 c:FRS102 2022-07-01 2023-06-30 12647410 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 12647410 c:FullAccounts 2022-07-01 2023-06-30 12647410 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 12647410 2 2022-07-01 2023-06-30 12647410 e:PoundSterling 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 12647410








NEXUSPRO LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023



 













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NEXUSPRO LTD
REGISTERED NUMBER:12647410

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
50,195
32,022

Cash at bank and in hand
  
3,686
872

  
53,881
32,894

Creditors: amounts falling due within one year
 5 
(50,097)
(13,491)

Net current assets
  
 
 
3,784
 
 
19,403

Total assets less current liabilities
  
3,784
19,403

  

Net assets
  
3,784
19,403


Capital and reserves
  

Called up share capital 
 6 
155
155

Share premium account
  
2,945
2,945

Profit and loss account
  
684
16,303

  
3,784
19,403


Page 1

 
NEXUSPRO LTD
REGISTERED NUMBER:12647410
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 July 2024.




I Mahesh
Director

The notes on pages 5 to 8 form part of these financial statements.

Page 2

 
NEXUSPRO LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2023


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£

At 1 July 2022
155
2,945
16,303
19,403


Comprehensive income for the year

Profit for the year

-
-
46,381
46,381


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
46,381
46,381


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(62,000)
(62,000)


Total transactions with owners
-
-
(62,000)
(62,000)


At 30 June 2023
155
2,945
684
3,784


The notes on pages 5 to 8 form part of these financial statements.

Page 3

 
NEXUSPRO LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2022


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£

At 1 July 2021
100
-
2,605
2,705


Comprehensive income for the year

Profit for the year

-
-
16,303
16,303


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
16,303
16,303


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(2,605)
(2,605)

Shares issued during the year
55
2,945
-
3,000


Total transactions with owners
55
2,945
(2,605)
395


At 30 June 2022
155
2,945
16,303
19,403


The notes on pages 5 to 8 form part of these financial statements.

Page 4

 
NEXUSPRO LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Nexuspro Ltd is a private company, limited by shares, domiciled in England. The registered office address is 20-22 Wenlock Road, London, N1 7GU.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director confirms that, having considered his expectations and intentions for the next twelve months, and the availability of working capital, the company is a going concern.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 5

 
NEXUSPRO LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.


 
Page 6

 
NEXUSPRO LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.10
Financial instruments (continued)

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2023
        2022
            No.
            No.







1
1

Page 7

 
NEXUSPRO LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Debtors

2023
2022
£
£


Trade debtors
5,362
3,575

Other debtors
31,410
28,447

Prepayments and accrued income
13,423
-

50,195
32,022



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,035
422

Corporation tax
25,857
11,917

Other taxation and social security
247
553

Other creditors
22,318
-

Accruals and deferred income
640
599

50,097
13,491



6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



15,543 (2022 - 15,543) Ordinary shares of £0.01 each
155
155


 
Page 8