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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
Page
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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
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Novo Praxis Limited Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
28,017 
9,044 
Investments
6,000 
- 
34,017 
9,044 
Current assets
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)
Capital and reserves
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
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Novo Praxis Limited Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
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.
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.
Turnover
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 
£ 
Cost or valuation
At cost 
At 1 October 2022
34,500 
Additions
35,021 
Disposals
(34,500)
At 30 September 2023
35,021 
Depreciation
At 1 October 2022
25,456 
Charge for the year
7,004 
On disposals
(25,456)
At 30 September 2023
7,004 
Net book value
At 30 September 2023
28,017 
At 30 September 2022
9,044 
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Novo Praxis Limited Notes to the Accounts for the year ended 30 September 2023
5
Investments
Other investments 
£ 
Valuation at 1 October 2022
- 
Additions
6,000 
Valuation at 30 September 2023
6,000 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,000 
- 
Trade creditors
500 
300 
Loans from directors
72,739 
52,380 
77,239 
52,680 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
9,333 
- 
8
Share capital
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).
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