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Company Registration No. 12069077 (England and Wales)
Nexus Build LTD Unaudited accounts for the period from 1 March 2023 to 31 March 2024
Nexus Build LTD Unaudited accounts Contents
Page
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Nexus Build LTD Company Information for the period from 1 March 2023 to 31 March 2024
Director
S Barnes
Company Number
12069077 (England and Wales)
Registered Office
203 West Street Fareham Hampshire PO16 0EN
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Nexus Build LTD Accountants' report
Accountants' report to the director of Nexus Build LTD on the preparation of the unaudited statutory accounts for the period from 1 March 2023 to 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Nexus Build LTD for the period from 1 March 2023 to 31 March 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Nexus Build LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Nexus Build LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nexus Build LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Nexus Build LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Nexus Build LTD. You consider that Nexus Build LTD is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Nexus Build LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 30 August 2024
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Nexus Build LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,814 
22,588 
Current assets
Inventories
50,000 
50,000 
Debtors
137,875 
304,194 
Cash at bank and in hand
7,875 
3,365 
195,750 
357,559 
Creditors: amounts falling due within one year
(87,318)
(128,829)
Net current assets
108,432 
228,730 
Total assets less current liabilities
126,246 
251,318 
Creditors: amounts falling due after more than one year
(97,342)
(17,642)
Net assets
28,904 
233,676 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
28,902 
233,674 
Shareholders' funds
28,904 
233,676 
For the period ending 31 March 2024 the company was entitled to exemption from audit 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 August 2024 and were signed on its behalf by
S Barnes Director Company Registration No. 12069077
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Nexus Build LTD Notes to the Accounts for the period from 1 March 2023 to 31 March 2024
1
Statutory information
Nexus Build LTD is a private company, limited by shares, registered in England and Wales, registration number 12069077. The registered office is 203 West Street , Fareham, Hampshire, PO16 0EN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2023
22,995 
Additions
914 
At 31 March 2024
23,909 
Depreciation
At 1 March 2023
407 
Charge for the period
5,688 
At 31 March 2024
6,095 
Net book value
At 31 March 2024
17,814 
At 28 February 2023
22,588 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
56,917 
300,019 
Other debtors
80,958 
4,175 
137,875 
304,194 
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Nexus Build LTD Notes to the Accounts for the period from 1 March 2023 to 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
17,758 
- 
VAT
10,212 
43,704 
Obligations under finance leases and hire purchase contracts
4,385 
4,580 
Taxes and social security
6,390 
38,990 
Other creditors
48,573 
40,956 
Accruals
- 
599 
87,318 
128,829 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
84,451 
- 
Obligations under finance leases and hire purchase contracts
12,891 
17,642 
97,342 
17,642 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
S Barnes
Director Loan Account
- 
(155,185)
(224,682)
69,497 
- 
(155,185)
(224,682)
69,497 
10
Average number of employees
During the period the average number of employees was 8 (2023: 8).
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