10 01/01/2023 31/12/2023 2023-12-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-12-31 2023-01-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 02081557 2023-01-01 2023-12-31 02081557 2023-12-31 02081557 2022-12-31 02081557 2022-01-01 2022-12-31 02081557 2022-12-31 02081557 2021-12-31 02081557 bus:Director1 2023-01-01 2023-12-31 02081557 core:PlantMachinery 2022-12-31 02081557 core:FurnitureFittingsToolsEquipment 2022-12-31 02081557 core:PlantMachinery 2023-12-31 02081557 core:FurnitureFittingsToolsEquipment 2023-12-31 02081557 core:WithinOneYear 2023-12-31 02081557 core:WithinOneYear 2022-12-31 02081557 core:AfterOneYear 2023-12-31 02081557 core:AfterOneYear 2022-12-31 02081557 core:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 02081557 core:CapitalRedemptionReserve 2023-01-01 2023-12-31 02081557 core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 02081557 core:ShareCapital 2023-12-31 02081557 core:ShareCapital 2022-12-31 02081557 core:CapitalRedemptionReserve 2023-12-31 02081557 core:CapitalRedemptionReserve 2022-12-31 02081557 core:RetainedEarningsAccumulatedLosses 2023-12-31 02081557 core:RetainedEarningsAccumulatedLosses 2022-12-31 02081557 core:ShareCapital 2021-12-31 02081557 core:CapitalRedemptionReserve 2021-12-31 02081557 core:RetainedEarningsAccumulatedLosses 2021-12-31 02081557 core:PreviouslyStatedAmount core:ShareCapital 2023-12-31 02081557 core:PlantMachinery 2023-01-01 2023-12-31 02081557 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 02081557 core:PlantMachinery 2022-12-31 02081557 core:FurnitureFittingsToolsEquipment 2022-12-31 02081557 bus:SmallEntities 2023-01-01 2023-12-31 02081557 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 02081557 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 02081557 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02081557 bus:FullAccounts 2023-01-01 2023-12-31
Company registration number: 02081557
Nemo (1991) Limited
Financial statements
for the year ended 31st December 2023
.
Nemo (1991) Limited
Balance sheet
31st December 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 3,475 2,541
_______ _______
3,475 2,541
Current assets
Debtors 6 606,302 331,758
Investments 7 251,532 200,314
Cash at bank and in hand 93,145 354,323
_______ _______
950,979 886,395
Creditors: amounts falling due
within one year 8 ( 588,085) ( 528,519)
_______ _______
Net current assets 362,894 357,876
_______ _______
Total assets less current liabilities 366,369 360,417
Creditors: amounts falling due
after more than one year 9 ( 122,281) ( 124,947)
_______ _______
Net assets 244,088 235,470
_______ _______
Capital and reserves
Called up share capital 3,200 3,200
Capital redemption reserve 1,800 1,900
Profit and loss account 239,088 230,370
_______ _______
Shareholders funds 244,088 235,470
_______ _______
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 04 September 2024 , and are signed on behalf of the board by:
Derek Roger Bamford
Director
Company registration number: 02081557
Nemo (1991) Limited
Statement of changes in equity
Year ended 31st December 2023
Called up share capital Capital redemption reserve Profit and loss account Total
£ £ £ £
At 1st January 2022 3,200 1,900 230,340 235,440
Profit for the year 30 30
_______ _______ _______ _______
Total comprehensive income for the year - - 30 30
_______ _______ _______ _______
At 31st December 2022 and 1st January 2023 3,200 1,900 230,370 235,470
Profit for the year 8,718 8,718
_______ _______ _______ _______
Total comprehensive income for the year - - 8,718 8,718
Redemption of shares - ( 100) - ( 100)
_______ _______ _______ _______
Total investments by and distributions to owners - ( 100) - ( 100)
_______ _______ _______ _______
At 31st December 2023 3,200 1,800 239,088 244,088
_______ _______ _______ _______
Nemo (1991) Limited
Notes to the financial statements
Year ended 31st December 2023
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 125b Long Street, Atherstone, CV9 1AB.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 10 (2022: 10 ).
5. Tangible assets
Plant and machinery Fixtures, fittings and equipment Total
£ £ £
Cost
At 1st January 2023 31,297 17,357 48,654
Additions 4,010 281 4,291
_______ _______ _______
At 31st December 2023 35,307 17,638 52,945
_______ _______ _______
Depreciation
At 1st January 2023 29,358 16,754 46,112
Charge for the year 2,963 395 3,358
_______ _______ _______
At 31st December 2023 32,321 17,149 49,470
_______ _______ _______
Carrying amount
At 31st December 2023 2,986 489 3,475
_______ _______ _______
At 31st December 2022 1,939 603 2,542
_______ _______ _______
6. Debtors
2023 2022
£ £
Trade debtors 233,170 329,701
Amounts owed by group undertakings and undertakings in which the company has a participating interest 210,050 -
Other debtors 163,082 2,057
_______ _______
606,302 331,758
_______ _______
7. Investments
2023 2022
£ £
Investments in group undertakings 241,532 190,314
Interest in other participating interests 10,000 10,000
_______ _______
251,532 200,314
_______ _______
8. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 8,000 9,875
Trade creditors 213,992 205,746
Amounts owed to group undertakings and undertakings in which the company has a participating interest 282,066 -
Social security and other taxes 23,922 22,685
Other creditors 60,105 290,213
_______ _______
588,085 528,519
_______ _______
9. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans and overdrafts 122,281 124,947
_______ _______
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 125b Long Street, Atherstone, CV9 1AB.