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Registered Number: 07286228
England & Northern Ireland

 

 

 

NOVELLA LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 July 2023

End date: 30 June 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 750    1,355 
750    1,355 
Current assets      
Debtors 13,411    20,243 
Cash at bank and in hand 1,684    238 
15,095    20,481 
Creditors: amount falling due within one year (4,935)   (4,058)
Net current assets 10,160    16,423 
 
Total assets less current liabilities 10,910    17,778 
Creditors: amount falling due after more than one year (5,757)   (5,757)
Provisions for liabilities (84)   (84)
Net assets 5,069    11,937 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 5,068    11,936 
Shareholders' funds 5,069    11,937 
 


For the year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 15 September 2024 and were signed by:


-------------------------------
Mr Azeem Hussain
Director
1
General Information
Novella Limited is a private company, limited by shares, registered in England & Northern Ireland, registration number 07286228, registration address 26 Gatling Avenue, Lonsight, Manchester, M12 5SX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 10% Straight Line
Motor Vehicles 20% Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Total
  £   £   £
At 01 July 2023 2,264    2,500    4,764 
Additions    
Disposals    
At 30 June 2024 2,264    2,500    4,764 
Depreciation
At 01 July 2023 2,159    1,250    3,409 
Charge for year 105    500    605 
On disposals    
At 30 June 2024 2,264    1,750    4,014 
Net book values
Closing balance as at 30 June 2024   750    750 
Opening balance as at 01 July 2023 105    1,250    1,355 


2