NOVA BUSSING LIMITED

Company Registration Number:
07281935 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

NOVA BUSSING LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

NOVA BUSSING LIMITED

Company Information

for the Period Ended 30 June 2024




Registered office: 28
Winchelsea Road
Rye
England
TN31 7EL
Company Registration Number: 07281935 (England and Wales)

NOVA BUSSING LIMITED

Balance sheet

As at 30 June 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 1,564,168 1,169,684
Total fixed assets: 1,564,168 1,169,684
Current assets
Debtors: 18,187 19,100
Cash at bank and in hand: 400,726 305,872
Total current assets: 418,913 324,972
Creditors: amounts falling due within one year: ( 598,768 ) ( 567,175 )
Net current assets (liabilities): ( 179,855 ) ( 242,203 )
Total assets less current liabilities: 1,384,313 927,481
Creditors: amounts falling due after more than one year: ( 154,842 ) ( 126,716 )
Total net assets (liabilities): 1,229,471 800,765

The notes form part of these financial statements

NOVA BUSSING LIMITED

Balance sheet continued

As at 30 June 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,229,371 800,665
Shareholders funds: 1,229,471 800,765

For the year ending 30 June 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 31 July 2024
And Signed On Behalf Of The Board By:

Name: J Davie
Status: Director

The notes form part of these financial statements

NOVA BUSSING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers during the year.

    Tangible fixed assets depreciation policy

    Depreciation is provided by the company to write off the cost or valuation less the estimated residual value of tangible fixed assets by equal installments over their estimated useful economic lives as follows:

    Motor vehicles - 10 years

    Other accounting policies

    Full provision is made for deferred tax assets and liabilities arising from timing differences between the recognition of gains and losses in the accounts and their recognition for corporation tax purposes. Deferred tax is not provided on timing difference arising from the revaluation of fixed assets where there is no commitment to sell the asset.

NOVA BUSSING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 10 10

NOVA BUSSING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 3. Off balance sheet disclosure

    No

NOVA BUSSING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Tangible Assets

Total
Cost £
At 01 July 2023 1,376,466
Additions 652,747
Disposals (314,750)
Revaluations -
Transfers -
At 30 June 2024 1,714,463
Depreciation
At 01 July 2023 206,782
Charge for year 49,153
On disposals (105,640)
Other adjustments -
At 30 June 2024 150,295
Net book value
At 30 June 2024 1,564,168
At 30 June 2023 1,169,684