Company Registration No. 09227846 (England and Wales)
Novo Praxis Limited
Unaudited accounts
for the year ended 30 September 2023
Novo Praxis Limited
Unaudited accounts
Contents
Novo Praxis Limited
Company Information
for the year ended 30 September 2023
Directors
Mr M Sarda
Mrs V Sarda
Company Number
09227846 (England and Wales)
Registered Office
13 SEVERN DRIVE
UPMINSTER
ESSEX
RM14 1SN
Accountants
Confidential Accounting Management Limited
88 Corbets Tey Road
Upminster
Essex
RM14 2BA
Novo Praxis Limited
Statement of financial position
as at 30 September 2023
Tangible assets
28,017
9,044
Cash at bank and in hand
19
354
Creditors: amounts falling due within one year
(77,239)
(52,680)
Net current liabilities
(77,220)
(52,326)
Total assets less current liabilities
(43,203)
(43,282)
Creditors: amounts falling due after more than one year
(9,333)
-
Net liabilities
(52,536)
(43,282)
Called up share capital
2
2
Profit and loss account
(52,538)
(43,284)
Shareholders' funds
(52,536)
(43,282)
For the year ending 30 September 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 directors acknowledge their 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 of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by
Mr M Sarda
Director
Company Registration No. 09227846
Novo Praxis Limited
Notes to the Accounts
for the year ended 30 September 2023
Novo Praxis Limited is a private company, limited by shares, registered in England and Wales, registration number 09227846. The registered office is 13 SEVERN DRIVE, UPMINSTER, ESSEX, RM14 1SN.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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:
Fixtures & fittings
20% reducing Balance
4
Tangible fixed assets
Motor vehicles
At 30 September 2023
35,021
At 30 September 2023
7,004
At 30 September 2023
28,017
At 30 September 2022
9,044
Novo Praxis Limited
Notes to the Accounts
for the year ended 30 September 2023
5
Investments
Other investments
Valuation at 1 October 2022
-
Valuation at 30 September 2023
6,000
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
4,000
-
Loans from directors
72,739
52,380
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).