Company Registration No. 12338238 (England and Wales)
Nexus Housing Ltd
Unaudited accounts
for the year ended 30 November 2023
Nexus Housing Ltd
Unaudited accounts
Contents
Nexus Housing Ltd
Company Information
for the year ended 30 November 2023
Company Number
12338238 (England and Wales)
Registered Office
217 SANDWELL ROAD
BIRMINGHAM
B21 8PD
ENGLAND
Accountants
A TO Z FINANCE SOLUTIONS LTD
C/O Wework, 55 Colmore Row
Birmingham
West Midlands
England
B3 2AA
Nexus Housing Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
3,090
2,949
Cash at bank and in hand
15,201
66,211
Creditors: amounts falling due within one year
(73,659)
(93,457)
Net current liabilities
(55,458)
(24,246)
Net liabilities
(52,368)
(21,297)
Called up share capital
2
2
Profit and loss account
(52,370)
(21,299)
Shareholders' funds
(52,368)
(21,297)
For the year ending 30 November 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 August 2024 and were signed on its behalf by
Abdul Majid Khan
Director
Company Registration No. 12338238
Nexus Housing Ltd
Notes to the Accounts
for the year ended 30 November 2023
Nexus Housing Ltd is a private company, limited by shares, registered in England and Wales, registration number 12338238. The registered office is 217 SANDWELL ROAD, BIRMINGHAM, B21 8PD, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2022
1,500
2,400
2,040
5,940
At 30 November 2023
1,500
2,400
2,893
6,793
At 1 December 2022
825
1,171
995
2,991
Charge for the year
169
246
297
712
At 30 November 2023
994
1,417
1,292
3,703
At 30 November 2023
506
983
1,601
3,090
At 30 November 2022
675
1,229
1,045
2,949
Amounts falling due within one year
Nexus Housing Ltd
Notes to the Accounts
for the year ended 30 November 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
29,492
39,671
Trade creditors
15,017
1,858
Taxes and social security
12,022
5,923
Other creditors
12,314
8,314
Loans from directors
4,814
35,941
7
Average number of employees
During the year the average number of employees was 7 (2022: 7).