BrightAccountsProduction v1.0.0 v1.0.0 2022-11-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the creation of media. 31 July 2024 1 1 NI673426 2023-10-31 NI673426 2022-10-31 NI673426 2021-10-31 NI673426 2022-11-01 2023-10-31 NI673426 2021-11-01 2022-10-31 NI673426 uk-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 NI673426 uk-curr:PoundSterling 2022-11-01 2023-10-31 NI673426 uk-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 NI673426 uk-bus:FullAccounts 2022-11-01 2023-10-31 NI673426 uk-bus:Director1 2022-11-01 2023-10-31 NI673426 uk-bus:RegisteredOffice 2022-11-01 2023-10-31 NI673426 uk-bus:Agent1 2022-11-01 2023-10-31 NI673426 uk-core:ShareCapital 2023-10-31 NI673426 uk-core:ShareCapital 2022-10-31 NI673426 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 NI673426 uk-core:RetainedEarningsAccumulatedLosses 2022-10-31 NI673426 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-10-31 NI673426 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-10-31 NI673426 uk-bus:FRS102 2022-11-01 2023-10-31 NI673426 uk-core:Buildings 2022-11-01 2023-10-31 NI673426 uk-core:FurnitureFittingsToolsEquipment 2022-11-01 2023-10-31 NI673426 uk-core:MotorVehicles 2022-11-01 2023-10-31 NI673426 uk-core:AdditionsToInvestments 2022-10-31 NI673426 uk-core:AdditionsToInvestments 2023-10-31 NI673426 uk-core:CostValuation 2023-10-31 NI673426 uk-core:CurrentFinancialInstruments 2023-10-31 NI673426 uk-core:CurrentFinancialInstruments 2022-10-31 NI673426 uk-core:WithinOneYear 2023-10-31 NI673426 uk-core:WithinOneYear 2022-10-31 NI673426 uk-core:WithinOneYear 2023-10-31 NI673426 uk-core:WithinOneYear 2022-10-31 NI673426 uk-core:AfterOneYear 2023-10-31 NI673426 uk-core:AfterOneYear 2022-10-31 NI673426 uk-core:BetweenOneFiveYears 2023-10-31 NI673426 uk-core:BetweenOneFiveYears 2022-10-31 NI673426 2022-11-01 2023-10-31 NI673426 uk-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
Company Registration Number: NI673426
 
 
Nesomo Limited
 
Unaudited Financial Statements
 
for the financial year ended 31 October 2023
Nesomo Limited
Director and Other Information

 
Director Olivia Neill
 
 
Company Registration Number NI673426
 
 
Registered Office and Business Address 12 Cromac Place
Belfast
Co. Antrim
BT7 2JB
Northern Ireland
 
 
Accountants HCA Chartered Accountants Ltd
12 Cromac Place
Belfast
Co. Antrim
BT7 2JB
Northern Ireland



Nesomo Limited
Company Registration Number: NI673426
Balance Sheet
as at 31 October 2023

2023 2022
Notes £ £
 
Fixed Assets
Intangible assets 4 1,000,000 -
Tangible assets 5 114,683 84,460
Investments 6 72,363 -
───────── ─────────
Fixed Assets 1,187,046 84,460
───────── ─────────
 
Current Assets
Debtors 7 161,095 833,851
Cash and cash equivalents 572,617 243,679
───────── ─────────
733,712 1,077,530
───────── ─────────
Creditors: amounts falling due within one year 8 (550,785) (297,106)
───────── ─────────
Net Current Assets 182,927 780,424
───────── ─────────
Total Assets less Current Liabilities 1,369,973 864,884
 
Creditors:
amounts falling due after more than one year 9 (54,385) (60,063)
───────── ─────────
Net Assets 1,315,588 804,821
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings 1,315,488 804,721
───────── ─────────
Equity attributable to owners of the company 1,315,588 804,821
═════════ ═════════
 
The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 31 July 2024
           
           
________________________________          
Olivia Neill          
Director          
           



Nesomo Limited
Notes to the Financial Statements
for the financial year ended 31 October 2023

   
1. General Information
 
Nesomo Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI673426. The registered office of the company is 12 Cromac Place, Belfast, Co. Antrim, BT7 2JB, Northern Ireland which is also the principal place of business of the company. The principal activity of the company is the creation of media. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 October 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Intangible assets
Intangible assets are valued at cost less accumulated amortisation.
 
Intangible assets
Intangible assets are valued at cost less accumulated amortisation.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Leasehold property improvements - 2% Straight line
  Fixtures, fittings and equipment - 15% Straight line
  Motor vehicles - 25% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Investments
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Profit and Loss Account in the financial year in which it is receivable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 1, (2022 - 1).
 
  2023 2022
  Number Number
 
Director 1 1
  ═════════ ═════════
       
4. Intangible assets
     
    Total
  £ £
Cost
At 1 November 2022 - -
Additions 1,000,000 1,000,000
  ───────── ─────────
At 31 October 2023 1,000,000 1,000,000
  ───────── ─────────
Net book value
At 31 October 2023 1,000,000 1,000,000
  ═════════ ═════════
           
5. Tangible assets
  Leasehold Fixtures, Motor Total
  property fittings and vehicles  
  improvements equipment    
  £ £ £ £
Cost
At 1 November 2022 - 8,479 89,225 97,704
Additions 47,003 4,478 - 51,481
  ───────── ───────── ───────── ─────────
At 31 October 2023 47,003 12,957 89,225 149,185
  ───────── ───────── ───────── ─────────
Depreciation
At 1 November 2022 - 2,084 11,160 13,244
Charge for the financial year - 1,728 19,530 21,258
  ───────── ───────── ───────── ─────────
At 31 October 2023 - 3,812 30,690 34,502
  ───────── ───────── ───────── ─────────
Net book value
At 31 October 2023 47,003 9,145 58,535 114,683
  ═════════ ═════════ ═════════ ═════════
At 31 October 2022 - 6,395 78,065 84,460
  ═════════ ═════════ ═════════ ═════════
       
6. Investments
  Other Total
  investments  
     
Investments £ £
Cost
Additions 72,363 72,363
  ───────── ─────────
At 31 October 2023 72,363 72,363
  ───────── ─────────
Net book value
At 31 October 2023 72,363 72,363
  ═════════ ═════════
       
7. Debtors 2023 2022
  £ £
 
Trade debtors 161,095 148,920
Director's current account (Note 12) - 684,931
  ───────── ─────────
  161,095 833,851
  ═════════ ═════════
       
8. Creditors 2023 2022
Amounts falling due within one year £ £
 
Net obligations under finance leases
and hire purchase contracts 5,678 5,678
Trade creditors 22,164 8,184
Taxation  (Note 10) 348,450 275,744
Director's current account 166,993 -
Accruals 7,500 7,500
  ───────── ─────────
  550,785 297,106
  ═════════ ═════════
       
9. Creditors 2023 2022
Amounts falling due after more than one year £ £
 
Finance leases and hire purchase contracts 54,385 60,063
  ═════════ ═════════
 
 
Net obligations under finance leases
and hire purchase contracts
Repayable within one year 5,678 5,678
Repayable between one and five years 54,385 60,063
  ───────── ─────────
  60,063 65,741
  ═════════ ═════════
       
10. Taxation 2023 2022
  £ £
 
Creditors:
VAT 53,247 48,418
Corporation tax 294,906 226,520
PAYE / NI 297 806
  ───────── ─────────
  348,450 275,744
  ═════════ ═════════
       
11. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 October 2023.
   
12. Director's advances, credits and guarantees
 
During the year, the director repaid £851,924 of the loan from the company. The closing balance was £166,993 (2022: £684,931).
   
13. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.