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
Nexus Build LTD
Company Information
for the period from 1 March 2023 to 31 March 2024
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
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
Nexus Build LTD
Statement of financial position
as at 31 March 2024
Tangible assets
17,814
22,588
Cash at bank and in hand
7,875
3,365
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)
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
Nexus Build LTD
Notes to the Accounts
for the period from 1 March 2023 to 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Charge for the period
5,688
At 28 February 2023
22,588
Amounts falling due within one year
Trade debtors
56,917
300,019
Other debtors
80,958
4,175
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
-
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
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
12,891
17,642
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
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).