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
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
NIMBUSPOINT CONSULTING LIMITED
Statement of financial position
as at 31 December 2023
Tangible assets
2,448
1,584
Cash at bank and in hand
485,324
319,497
Creditors: amounts falling due within one year
(245,153)
(168,229)
Net current assets
587,823
439,654
Net assets
590,271
441,238
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
NIMBUSPOINT CONSULTING LIMITED
Notes to the Accounts
for the year ended 31 December 2023
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.
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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 year, 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.
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
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.
Expenditure on research and development is written off in the year in which it is incurred.
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 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.
NIMBUSPOINT CONSULTING LIMITED
Notes to the Accounts
for the year ended 31 December 2023
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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
At 31 December 2023
1,260
16,002
17,262
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
At 31 December 2023
95
2,353
2,448
At 31 December 2022
317
1,267
1,584
Amounts falling due within one year
Trade debtors
335,209
271,849
Accrued income and prepayments
2,853
6,947
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Creditors: amounts falling due within one year
2023
2022
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
Allotted, called up and fully paid:
125 Ordinary shares of £1 each
125
125
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Average number of employees
During the year the average number of employees was 19 (2022: 19).