Registered number: 11483584 | ||||||||
FOR THE 518 DAY PERIOD ENDED 31/12/2023 | ||||||||
Prepared By: | ||||||||
GT Accountants Limited | ||||||||
Unit 7, The Court House | ||||||||
72 Moorland Road, Burslem | ||||||||
Stoke on Trent | ||||||||
Staffs | ||||||||
ST6 1DY |
United Nomads Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE 518 DAY PERIOD ENDED 31/12/2023 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 11483584 | ||||||||
BANKERS | ||||||||
Revolut | ||||||||
ACCOUNTANTS | ||||||||
GT Accountants Limited | ||||||||
Unit 7, The Court House | ||||||||
72 Moorland Road, Burslem | ||||||||
Stoke on Trent | ||||||||
Staffs | ||||||||
ST6 1DY |
United Nomads Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE518 DAY PERIODENDED31/12/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 |
United Nomads Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 3 | |||||||||
Tangible assets | 4 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 6 | |||||||||
Cash at bank and in hand | ||||||||||
1,129,060 | 518,862 | |||||||||
CREDITORS: Amounts falling due within one year | 7 | |||||||||
NET CURRENT ASSETS | 458,327 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 8 | 2,480,000 | 255,000 | |||||||
NET (LIABILITIES) / ASSETS | ( | |||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 | |||||||||
Share premium account | 10 | |||||||||
Profit and loss account | (2,976,138) | (1,199,041) | ||||||||
SHAREHOLDERS' FUNDS | ( | |||||||||
Approved by the board on | ||||||||||
Director | ||||||||||
United Nomads Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE 518 DAY PERIOD ENDED 31/12/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Going Concern | ||||||||
The director has considered the basis of preparations of the financial statements and have concluded that it is appropriate to prepare these on an on-going basis. Despite the Company making a loss in the financial year of £1.8m (2022: £0.7m), the shareholders have pledged sufficient funds and support through debt financing following an acquisition of intellectual property that has driven a reorganisation of trade operations. The Director therefore believes that the entity will be able to meet its liabilities as they fall due for a period of no less than 12 months from the approval of these financial statements. |
1c. Depreciation | ||||||||
Fixtures and Fittings | straight line 25% | |||||||
Equipment | straight line 25% |
1d. Intangible Assets | ||||||||
1e. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
United Nomads Limited | ||||||||
1f. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1g. Foreign Currency | ||||||||
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated. |
2. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 3 | |||||
3. INTANGIBLE FIXED ASSETS | ||||
Development | ||||
Costs | Total | |||
£ | £ | |||
Cost | ||||
At 01/08/2022 | 49,222 | 49,222 | ||
Additions | 16,199 | 16,199 | ||
At 31/12/2023 | 65,421 | 65,421 | ||
Depreciation | ||||
For the 518 day period | 8,622 | 8,622 | ||
At 31/12/2023 | 8,622 | 8,622 | ||
Net Book Amounts | ||||
At 31/12/2023 | ||||
At 31/07/2022 | ||||
United Nomads Limited | ||||||||
4. TANGIBLE FIXED ASSETS | ||||||
Fixtures | ||||||
and Fittings | Equipment | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/08/2022 | 57,455 | 11,984 | 69,439 | |||
Additions | 6,416 | 5,013 | 11,429 | |||
At 31/12/2023 | 63,871 | 16,997 | 80,868 | |||
Depreciation | ||||||
At 01/08/2022 | 9,353 | 1,664 | 11,017 | |||
For the 518 day period | 22,007 | 5,486 | 27,493 | |||
At 31/12/2023 | 31,360 | 7,150 | 38,510 | |||
Net Book Amounts | ||||||
At 31/12/2023 | 42,358 | |||||
At 31/07/2022 | 58,422 | |||||
5. STOCK | 2023 | 2022 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
6. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 87,012 | 335,879 | ||||||
VAT | 109,950 | - | ||||||
Other debtors | 11,160 | 6,102 | ||||||
Prepayments | - | 62,470 | ||||||
Directors current account | 8,974 | 10,250 | ||||||
217,096 | 414,701 | |||||||
United Nomads Limited | ||||||||
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
VAT | - | 11,065 | ||||||
PAYE control | 46,257 | 15,194 | ||||||
Salaries and wages control | 2,102 | - | ||||||
Bank loans and overdrafts | - | 98 | ||||||
Trade creditors | 46,387 | 28,503 | ||||||
Other creditors | 40,000 | - | ||||||
Pension schemes | 534 | 425 | ||||||
Accruals | 89,068 | 5,250 | ||||||
224,348 | 60,535 | |||||||
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Loans >1yr | 2,480,000 | 255,000 | ||||||
2,480,000 | 255,000 | |||||||
9. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
13333 | 13333 | |||||||
13,333 | 13,333 | |||||||
10. SHARE PREMIUM ACCOUNT | 2023 | 2022 | ||||
£ | £ | |||||
Share premium account | 1,486,674 | 1,496,679 |