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REGISTERED NUMBER: 11384893 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Nexus Works Ltd

Nexus Works Ltd (Registered number: 11384893)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Nexus Works Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: J R Knight
Mrs S M Knight





REGISTERED OFFICE: 5 Broad Lane
Auckley
Doncaster
South Yorkshire
DN9 3FH





REGISTERED NUMBER: 11384893 (England and Wales)





ACCOUNTANTS: ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB

Nexus Works Ltd (Registered number: 11384893)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,572 7,623

CURRENT ASSETS
Debtors 5 55,223 39,600
Cash at bank 178,928 193,882
234,151 233,482
CREDITORS
Amounts falling due within one year 6 32,771 32,648
NET CURRENT ASSETS 201,380 200,834
TOTAL ASSETS LESS CURRENT
LIABILITIES

208,952

208,457

PROVISIONS FOR LIABILITIES 1,439 1,448
NET ASSETS 207,513 207,009

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 207,503 206,999
SHAREHOLDERS' FUNDS 207,513 207,009

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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 6 September 2024 and were signed on its behalf by:



J R Knight - Director


Nexus Works Ltd (Registered number: 11384893)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Nexus Works Ltd 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 represents amounts involved in respect of services rendered stated net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & equipment - 25% on reducing balance
Computer equipment - 33% 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at 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 3 (2023 - 3 ) .

Nexus Works Ltd (Registered number: 11384893)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant & Computer
equipment equipment Totals
£    £    £   
COST
At 1 June 2023 4,641 25,047 29,688
Additions - 6,690 6,690
At 31 May 2024 4,641 31,737 36,378
DEPRECIATION
At 1 June 2023 2,348 19,717 22,065
Charge for year 573 6,168 6,741
At 31 May 2024 2,921 25,885 28,806
NET BOOK VALUE
At 31 May 2024 1,720 5,852 7,572
At 31 May 2023 2,293 5,330 7,623

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 55,223 39,600

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Tax 3,109 1,629
VAT 9,928 13,054
Directors' current accounts 19,134 17,366
Accrued expenses 600 599
32,771 32,648

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £11,710 (2023 - £15,210) were paid to the directors .

8. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.