NASCENTA LTD

Company Registration Number:
03870823 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

NASCENTA LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

NASCENTA LTD

Company Information

for the Period Ended 31 December 2023




Director: M Cassey
Registered office: 4
Sadlers Close, Hardwick
Cambridge
Cambridgeshire
CB23 7YE
Company Registration Number: 03870823 (England and Wales)

NASCENTA LTD

Directors' Report Period Ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal Activities

The Company's principal activity is the provision of computer software, hardware and services related to data processing and protection.

Directors

The directors shown below have held office during the whole of the period from 01 January 2023 to 31 December 2023
M Cassey

This report was approved by the board of directors on 5 September 2024
And Signed On Behalf Of The Board By:

Name: M Cassey
Status: Director

NASCENTA LTD

Profit and Loss Account

for the Period Ended 31 December 2023


Notes

2023
£

2022
£
Gross Profit or (Loss) 470 950
Administrative Expenses ( 497 ) ( 388 )
Operating Profit or (Loss) ( 27 ) 562
Profit or (Loss) Before Tax ( 27 ) 562
Profit or (Loss) for Period ( 27 ) 562

The notes form part of these financial statements

NASCENTA LTD

Balance sheet

As at 31 December 2023


Notes

2023
£

2022
£
Fixed assets
Total fixed assets: - -
Current assets
Debtors: 470 0
Cash at bank and in hand: 410 907
Total current assets: 880 907
Creditors: amounts falling due within one year: 4 ( 40,608 ) ( 40,608 )
Net current assets (liabilities): ( 39,728 ) ( 39,701 )
Total assets less current liabilities: ( 39,728 ) ( 39,701 )
Total net assets (liabilities): ( 39,728 ) ( 39,701 )

The notes form part of these financial statements

NASCENTA LTD

Balance sheet continued

As at 31 December 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: ( 39,828 ) ( 39,801 )
Shareholders funds: ( 39,728 ) ( 39,701 )

For the year ending 31 December 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 5 September 2024
And Signed On Behalf Of The Board By:

Name: M Cassey
Status: Director

The notes form part of these financial statements

NASCENTA LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the Sterling value of receipts for goods and services supplied by the company.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write of the cost of fixed assets, less their estimated residual value over their expected useful lives on the following basis:
    Plant & Equipment - 30 months
    Computer Software - 24 months

NASCENTA LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 1 1

NASCENTA LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 3. Off balance sheet disclosure

    No

NASCENTA LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

During the year, the company benefitted from unsecured loans amounting to £40,608 from a Director (£29,804) and a close family member (£10,804) that is also a shareholder. There is no date set for repayment of the loans and the rates of interest charged are 0%. At the balance sheet date, the loans were still outstanding and are presented in aggregate within creditors: amounts falling due within one year.