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REGISTERED NUMBER: 06250600 (England and Wales)


















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Nomodo Limited

Nomodo Limited (Registered number: 06250600)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Nomodo Limited (Registered number: 06250600)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 678 507
Investments 6 - 440,126
678 440,633

CURRENT ASSETS
Debtors 7 99,914 238,125
Investments 8 4,200 -
Cash at bank 388,894 151,424
493,008 389,549
CREDITORS
Amounts falling due within one year 9 (14,645 ) (28,810 )
NET CURRENT ASSETS 478,363 360,739
TOTAL ASSETS LESS CURRENT
LIABILITIES

479,041

801,372

CREDITORS
Amounts falling due after more than one
year

10

(481,023

)

(481,023

)
NET (LIABILITIES)/ASSETS (1,982 ) 320,349

CAPITAL AND RESERVES
Called up share capital 750,000 750,000
Retained earnings (751,982 ) (429,651 )
SHAREHOLDERS' FUNDS (1,982 ) 320,349

Nomodo Limited (Registered number: 06250600)

Balance Sheet - continued
31 March 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 August 2024 and were signed by:





S Khan - Director


Nomodo Limited (Registered number: 06250600)

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

1. STATUTORY INFORMATION

Nomodo Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06250600

Registered office: Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

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.

Domains are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Nomodo Limited (Registered number: 06250600)

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

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Fixed asset investment
Fixed asset investments are stated at historical cost less provision for permanent diminution in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Domains
£   
COST
At 1 April 2023
and 31 March 2024 10,634
AMORTISATION
At 1 April 2023
and 31 March 2024 10,634
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 628 7,019 7,647
Additions - 1,016 1,016
At 31 March 2024 628 8,035 8,663
DEPRECIATION
At 1 April 2023 628 6,512 7,140
Charge for year - 845 845
At 31 March 2024 628 7,357 7,985
NET BOOK VALUE
At 31 March 2024 - 678 678
At 31 March 2023 - 507 507

Nomodo Limited (Registered number: 06250600)

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

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023 440,126
Disposals (232,785 )
Impairments (203,141 )
Reclassification/transfer (4,200 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 440,126

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by related parties 12,618 582
Other debtors 87,296 237,543
99,914 238,125

8. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments 4,200 -

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,993 4,280
Taxation and social security 4,394 2,574
Other creditors 6,258 21,956
14,645 28,810

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 481,023 481,023

11. OTHER FINANCIAL COMMITMENTS

Minimum payments under non-cancellable financial commitments are £223,172 (2023: £192,600)