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Company Registration No. 13658379 (England and Wales)
NSV ENTERPRISE LTD Unaudited accounts for the year ended 31 October 2023
NSV ENTERPRISE LTD Unaudited accounts Contents
Page
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NSV ENTERPRISE LTD Company Information for the year ended 31 October 2023
Director
SIVATHARAN, Nirusan
Company Number
13658379 (England and Wales)
Registered Office
6 TEMPLE HILL SQUARE DARTFORD DA1 5HZ ENGLAND
Accountants
Tally Tally Accountants 79 College Road Harrow HA1 1BD
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NSV ENTERPRISE LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
55,577 
65,385 
Current assets
Cash at bank and in hand
(30)
1,147 
Creditors: amounts falling due within one year
(89,044)
(49,058)
Net current liabilities
(89,074)
(47,911)
Total assets less current liabilities
(33,497)
17,474 
Creditors: amounts falling due after more than one year
(55,515)
(58,337)
Net liabilities
(89,012)
(40,863)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(89,112)
(40,963)
Shareholders' funds
(89,012)
(40,863)
For the year ending 31 October 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 his 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 31 July 2024 and were signed on its behalf by
SIVATHARAN, Nirusan Director Company Registration No. 13658379
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NSV ENTERPRISE LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
NSV ENTERPRISE LTD is a private company, limited by shares, registered in England and Wales, registration number 13658379. The registered office is 6 TEMPLE HILL SQUARE, DARTFORD, DA1 5HZ, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Motor vehicles
15% reducing balance depreciation
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Going concern
The financial statements have been prepared on a going concern basis, which is dependent upon the company's directors continuing to provide the necessary financial facilities, to enable the company to continue in operation for the foreseeable future.
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NSV ENTERPRISE LTD Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 November 2022
76,923 
At 31 October 2023
76,923 
Depreciation
At 1 November 2022
11,538 
Charge for the year
9,808 
At 31 October 2023
21,346 
Net book value
At 31 October 2023
55,577 
At 31 October 2022
65,385 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
767 
1,129 
Trade creditors
301 
1,281 
Other creditors
17,056 
- 
Loans from directors
70,920 
46,648 
89,044 
49,058 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
55,515 
58,337 
7
Transactions with related parties
As of the year-end date, the director SIVATHARAN, Nirusan had a credit balance of £70,920 (2022: £46,648) on his director's current account. This was an interest free loan to the company and is shown within other creditors due within one year
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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