Company registration number 04675975 (England and Wales)
NEVISOFT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
NEVISOFT LIMITED
BALANCE SHEET
AS AT
5 APRIL 2024
05 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
4
2
2
Tangible assets
5
4
6
6
8
Current assets
Debtors
6
540
652
Cash at bank and in hand
114,767
126,005
115,307
126,657
Creditors: amounts falling due within one year
7
(5,105)
(4,316)
Net current assets
110,202
122,341
Net assets
110,208
122,349
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
110,108
122,249
Total equity
110,208
122,349
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 5 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 2 August 2024 and are signed on its behalf by:
Neha Patel
V Patel
Director
Director
Company registration number 04675975 (England and Wales)
NEVISOFT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
- 2 -
1
Accounting policies
Company information
Nevisoft Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2 Betham Road, Greenford, Middlesex, UB6 8RY.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.
1.3
Intangible fixed assets - goodwill
Purchased Goodwill was capitalised and amortised in equal instalments over two years. This asset is now shown at a Nominal Value.
1.4
Intangible fixed assets other than goodwill
Intellectual property is recognised at cost and is subsequently measured at cost less accumulated amortisation.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Intellectual Property
capitalised, and amortised in equal instalments over two years
1.5
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is provided at rates calculated to write off the cost over their expected useful lives on the following bases:
Fixtures, fittings & equipment
25% of written down value
Computer equipment
One third of cost per annum
1.6
Cash and cash equivalents
Cash and cash equivalents include cash deposits held at call with banks.
1.7
Taxation
The tax expense represents the sum of the tax currently payable.
NEVISOFT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
- 3 -
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
4
Intangible fixed assets
Goodwill
Other
Total
£
£
£
Cost
At 6 April 2023 and 5 April 2024
100,000
1,000
101,000
Amortisation and impairment
At 6 April 2023 and 5 April 2024
99,999
999
100,998
Carrying amount
At 5 April 2024
1
1
2
At 5 April 2023
1
1
2
NEVISOFT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
- 4 -
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 6 April 2023 and 5 April 2024
17,752
Depreciation and impairment
At 6 April 2023
17,746
Depreciation charged in the year
2
At 5 April 2024
17,748
Carrying amount
At 5 April 2024
4
At 5 April 2023
6
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
540
652
7
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
105
Other taxation and social security
1,032
25
Other creditors
4,073
4,186
5,105
4,316
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100