2023-01-01 NI674903 2023-12-31 NI674903 2023-01-01 2023-12-31 NI674903 2022-12-31 NI674903 2022-01-01 2022-12-31 NI674903 uk-core:WithinOneYear 2022-12-31 NI674903 uk-core:WithinOneYear 2023-12-31 NI674903 uk-core:ShareCapital 2023-12-31 NI674903 uk-core:ShareCapital 2022-12-31 NI674903 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI674903 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 NI674903 uk-bus:Director1 2023-01-01 2023-12-31 NI674903 uk-core:NetGoodwill 2023-01-01 2023-12-31 NI674903 uk-core:ComputerEquipment 2023-01-01 2023-12-31 NI674903 uk-core:FurnitureFittings 2023-01-01 2023-12-31 NI674903 uk-core:Goodwill 2022-12-31 NI674903 uk-core:Goodwill 2023-12-31 NI674903 uk-core:Goodwill 2023-01-01 2023-12-31 NI674903 uk-core:ComputerEquipment 2022-12-31 NI674903 uk-core:FurnitureFittings 2022-12-31 NI674903 uk-core:FurnitureFittings 2023-12-31 NI674903 uk-core:ComputerEquipment 2023-12-31 NI674903 uk-core:WithinOneYear 2023-12-31 NI674903 uk-core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure NI674903 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 NI674903 uk-bus:FRS102 2023-01-01 2023-12-31 NI674903 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 NI674903 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
NISEO Limited
Registered Number:NI674903
For the year ended 31 December 2023
Northern Ireland
Unaudited Financial Statements
2
For the year ended 31 December 2023
NISEO Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
NI674903
As at 31 December 2023
NISEO Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
19,200
21,600
2
Property, plant and equipment
2,345
2,805
3
21,545
24,405
Current assets
Trade and other receivables
-
1,200
4
11,892
Cash and cash equivalents
3,831
5,031
11,892
Trade and other payables: amounts falling due within one
year
(34,721)
(25,459)
5
(22,829)
(20,428)
Net current liabilities
Total assets less current liabilities
1,117
1,576
1,117
Net assets
1,576
Capital and reserves
Called up share capital
2
2
Retained earnings
1,115
1,574
1,117
1,576
Shareholders' funds
For the year ended 31 December 2023 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 of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Gary John McGeown Director
These financial statements were approved and authorised for issue by the Board on 24 September 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2023
NISEO Limited
Notes to the Financial Statements
Statutory Information
NISEO Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration number
NI674903.
Registered address:
10 Ivy Park
Middletown
Armagh
BT60 4HX
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of 10 years.
Property, plant and equipment
Property, plant and equipment, 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:
15% Reducing balance
Computer Equipment
15% Reducing balance
Furniture and Fittings
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 January 2023
24,000
At 31 December 2023
24,000
Amortisation
At 01 January 2023
2,400
2,400
Charge for year
At 31 December 2023
4,800
Net book value
At 31 December 2023
19,200
At 31 December 2022
21,600
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5
For the year ended 31 December 2023
NISEO Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
£
£
£
Cost or
valuation
At 01 January 2023
4,020
1,200
2,820
At 31 December 2023
2,820
1,200
4,020
Provision for depreciation and impairment
At 01 January 2023
1,215
432
783
Charge for year
460
154
306
At 31 December 2023
1,675
586
1,089
At 31 December 2023
Net book value
1,731
614
2,345
At 31 December 2022
2,037
768
2,805
4. Trade and other receivables
2022
2023
£
£
Trade debtors
1,200
-
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
9,500
12,250
Trade creditors
7,699
-
Taxation and social security
6,368
11,869
Other creditors
1,892
10,602
25,459
34,721
6. Average number of persons employed
During the year the average number of employees was 2 (2022 : 2)
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