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REGISTERED NUMBER: 08287855 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

NERO BLANCO IT LIMITED

NERO BLANCO IT LIMITED (REGISTERED NUMBER: 08287855)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NERO BLANCO IT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: C I Murray
N F L Langston
A P C J Van Beers





REGISTERED OFFICE: Room 73 Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR





REGISTERED NUMBER: 08287855 (England and Wales)





ACCOUNTANTS: MDG Business Associates Limited
Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR

NERO BLANCO IT LIMITED (REGISTERED NUMBER: 08287855)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 22,703 29,500
Tangible assets 5 13,619 11,675
36,322 41,175

CURRENT ASSETS
Debtors 6 466,757 1,204,204
Cash at bank 1,871,228 400,390
2,337,985 1,604,594
CREDITORS
Amounts falling due within one year 7 930,684 856,538
NET CURRENT ASSETS 1,407,301 748,056
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,443,623

789,231

CAPITAL AND RESERVES
Called up share capital 8 150 150
Retained earnings 1,443,473 789,081
SHAREHOLDERS' FUNDS 1,443,623 789,231

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2024 and were signed on its behalf by:





A P C J Van Beers - Director


NERO BLANCO IT LIMITED (REGISTERED NUMBER: 08287855)

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

1. STATUTORY INFORMATION

Nero Blanco IT Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

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

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
Cost
At 1 December 2022
and 30 November 2023 67,971
Amortisation
At 1 December 2022 38,471
Amortisation for year 6,797
At 30 November 2023 45,268
Net book value
At 30 November 2023 22,703
At 30 November 2022 29,500

NERO BLANCO IT LIMITED (REGISTERED NUMBER: 08287855)

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

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 December 2022 - 22,694 22,694
Additions 5,333 - 5,333
At 30 November 2023 5,333 22,694 28,027
Depreciation
At 1 December 2022 - 11,019 11,019
Charge for year - 3,389 3,389
At 30 November 2023 - 14,408 14,408
Net book value
At 30 November 2023 5,333 8,286 13,619
At 30 November 2022 - 11,675 11,675

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 466,757 1,172,125
R&D tax credit - 13,252
Corporation tax - 18,827
466,757 1,204,204

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 85,771 184,180
Amounts owed to associates 108,000 -
Corporation tax 307,553 188,158
Social security and other taxes 17,589 150
VAT 314,158 114,198
Other creditors 1,556 936
Directors' loan account 1,000 199,629
Accruals and deferred income 95,057 169,287
930,684 856,538

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal Value: 30.11.23 30.11.22


37 A Class Ordinary £1 37 37
37 B Class Ordinary £1 37 37
37 C Class Ordinary £1 37 37
13 D Class Ordinary £1 13 13
13 E Class Ordinary £1 13 13
13 F Class Ordinary £1 13 13
150 150

All Ordinary share classes rank pari-passu in all respects.

NERO BLANCO IT LIMITED (REGISTERED NUMBER: 08287855)

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

9. RELATED PARTY DISCLOSURES

Included within creditors is an amount of £1,000 (2022: £199,629) due to the directors of the company. No interest has been charged on this balance during the year (2022: £Nil) and there are no set repayment terms.

During the year, the company made purchases of £595,533 (2022: £433,871) from Declaration Software Limited, a company under common control.

Included within creditors is an amount of £108,000 (2022: £Nil) due to Declaration Software Limited, a company under common control.