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Company Registration No. 07879496 (England and Wales)
NIMBUSPOINT CONSULTING LIMITED Unaudited accounts for the year ended 31 December 2023
NIMBUSPOINT CONSULTING LIMITED Unaudited accounts Contents
Page
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NIMBUSPOINT CONSULTING LIMITED Company Information for the year ended 31 December 2023
Directors
P S Bharath C J Kenworthy S J Miln M Shaffiq
Company Number
07879496 (England and Wales)
Registered Office
1 Aire Street Leeds LS1 4PR
Accountants
Sleek Accounting Ltd 107 Kirkgate Leeds West Yorkshire LS1 6DP
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NIMBUSPOINT CONSULTING LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,448 
1,584 
Current assets
Debtors
347,652 
288,386 
Cash at bank and in hand
485,324 
319,497 
832,976 
607,883 
Creditors: amounts falling due within one year
(245,153)
(168,229)
Net current assets
587,823 
439,654 
Net assets
590,271 
441,238 
Capital and reserves
Called up share capital
125 
125 
Profit and loss account
590,146 
441,113 
Shareholders' funds
590,271 
441,238 
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 6 March 2024 and were signed on its behalf by
S J Miln Director Company Registration No. 07879496
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NIMBUSPOINT CONSULTING LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
NIMBUSPOINT CONSULTING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07879496. The registered office is 1 Aire Street, Leeds, LS1 4PR.
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 year, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
5 years straight line
Computer equipment
3 years straight line
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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NIMBUSPOINT CONSULTING LIMITED Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
1,260 
13,500 
14,760 
Additions
- 
2,502 
2,502 
At 31 December 2023
1,260 
16,002 
17,262 
Depreciation
At 1 January 2023
943 
12,233 
13,176 
Charge for the year
222 
1,416 
1,638 
At 31 December 2023
1,165 
13,649 
14,814 
Net book value
At 31 December 2023
95 
2,353 
2,448 
At 31 December 2022
317 
1,267 
1,584 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
335,209 
271,849 
Accrued income and prepayments
2,853 
6,947 
Other debtors
9,590 
9,590 
347,652 
288,386 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
71,730 
41,194 
Trade creditors
22,171 
32,971 
Taxes and social security
145,597 
77,608 
Other creditors
452 
11,253 
Loans from directors
5,203 
5,203 
245,153 
168,229 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
125 Ordinary shares of £1 each
125 
125 
8
Average number of employees
During the year the average number of employees was 19 (2022: 19).
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