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Registration number: 11194055

Ninefeb UK Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Ninefeb UK Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Ninefeb UK Ltd

(Registration number: 11194055)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

8,632

12,028

Current assets

 

Debtors

5

117,901

159,285

Cash at bank and in hand

 

213,708

205,112

 

331,609

364,397

Creditors: Amounts falling due within one year

6

(89,156)

(175,611)

Net current assets

 

242,453

188,786

Total assets less current liabilities

 

251,085

200,814

Creditors: Amounts falling due after more than one year

6

(15,833)

(25,833)

Provisions for liabilities

(2,158)

(3,007)

Net assets

 

233,094

171,974

Capital and reserves

 

Called up share capital

100

100

Retained earnings

232,994

171,874

Shareholders' funds

 

233,094

171,974

 

Ninefeb UK Ltd

(Registration number: 11194055)
Balance Sheet as at 31 December 2023

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement .

Approved and authorised by the Board on 21 August 2024 and signed on its behalf by:
 

.........................................
Mr A Creek
Director

   
     
 

Ninefeb UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
C/o Beever and Struthers
One Express
1 George Leigh Street
Manchester
M4 5DL
England

These financial statements were authorised for issue by the Board on 21 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Ninefeb UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% Reducing balance

Computer equipment

33% Reducing balance

Bicycle

over 12 months

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the income statement.
 

 

Ninefeb UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2022 - 8).

4

Tangible assets

Office equipment
£

Computer equipment
£

Bicycles
 £

Total
£

Cost or valuation

At 1 January 2023

3,504

18,271

5,954

27,729

Additions

1,613

2,860

-

4,473

At 31 December 2023

5,117

21,131

5,954

32,202

Depreciation

At 1 January 2023

1,916

10,693

3,092

15,701

Charge for the year

755

4,252

2,862

7,869

At 31 December 2023

2,671

14,945

5,954

23,570

Carrying amount

At 31 December 2023

2,446

6,186

-

8,632

At 31 December 2022

1,588

7,578

2,862

12,028

 

Ninefeb UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

5

Debtors

Current

2023
£

2022
£

Trade debtors

58,959

95,024

Prepayments

53,513

64,261

Other debtors

5,429

-

 

117,901

159,285

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

10,000

10,000

Trade creditors

 

5,686

59,682

Amounts owed to group undertakings and undertakings in which the company has a participating interest

579

38,417

Taxation and social security

 

65,098

62,275

Accruals and deferred income

 

3,855

3,607

Other creditors

 

3,938

1,630

 

89,156

175,611

 

Ninefeb UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

15,833

25,833

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

15,833

25,833

2023
£

2022
£

Current loans and borrowings

Bank borrowings

10,000

10,000

8

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £53,464 (2022 - £11,097).

9

Parent and ultimate parent undertaking

The company's immediate parent is Ninefeb GmbH, incorporated in Austria.

  These financial statements are available upon request from Gaudenzdorfer Gürtel 67 Top 1.1. 1120 Wien