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REGISTERED NUMBER: 13212706 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

NEXUS CHILLER SERVICES LTD

NEXUS CHILLER SERVICES LTD (REGISTERED NUMBER: 13212706)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Balance sheet 1

Notes to the financial statements 2


NEXUS CHILLER SERVICES LTD (REGISTERED NUMBER: 13212706)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 2,077 1,074

Current assets
Stocks 35,000 15,000
Debtors 5 12,743 18,191
Cash at bank and in hand 1,429 6,362
49,172 39,553
Creditors
Amounts falling due within one year 6 41,916 30,608
Net current assets 7,256 8,945
Total assets less current liabilities 9,333 10,019

Capital and reserves
Called up share capital 7 100 100
Retained earnings 9,233 9,919
Shareholders' funds 9,333 10,019

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 July 2024 and were signed on its behalf by:





Mr I Hill - Director


NEXUS CHILLER SERVICES LTD (REGISTERED NUMBER: 13212706)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. Statutory information

Nexus Chiller Services Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 13212706. The registered office is 7 & 8 Church Street, Wimborne, BH21 1JH and business address is Bayside Business Centre, 1 Sovereign Business Park, Willis Way, Poole BH15 3TB.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The previous financial statements were prepared for the 9 month period ending 30 November 2022, in order to align with the accounting reference date of an associate company. Therefore the comparative figures within these financial statements are not entirely comparable to the figures of the current period.

Turnover
Turnover represents sales of brewery cooling products net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by 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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

NEXUS CHILLER SERVICES LTD (REGISTERED NUMBER: 13212706)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. Accounting policies - continued

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 4 (2022 - 4 ) .

4. Tangible fixed assets
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 December 2022 1,627 - 1,627
Additions - 1,694 1,694
At 30 November 2023 1,627 1,694 3,321
Depreciation
At 1 December 2022 553 - 553
Charge for year 268 423 691
At 30 November 2023 821 423 1,244
Net book value
At 30 November 2023 806 1,271 2,077
At 30 November 2022 1,074 - 1,074

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 12,459 17,680
Directors' current accounts 284 301
Prepayments - 210
12,743 18,191

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 15,418 18,861
Tax - 492
Social security and other taxes 4,774 -
VAT 4,272 8,859
Other creditors 15,472 533
Accruals and deferred income 1,980 1,863
41,916 30,608

NEXUS CHILLER SERVICES LTD (REGISTERED NUMBER: 13212706)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

8. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the year ended 30 November 2023 and the period ended 30 November 2022:

2023 2022
£    £   
Mr I Hill
Balance outstanding at start of year 301 -
Amounts advanced 18,983 301
Amounts repaid (19,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 284 301

At the balance sheet date the Director, Mr I HIll, owed the company £284 (2022: £301). The amount outstanding at the balance sheet date was repaid in full within 9 months of the year end.

9. Ultimate controlling party

The company is controlled by the director, Mr I Hill, who owns 90% of the issued voting share capital.