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Registration number: 14069533

Nomastay Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Nomastay Ltd

Contents

Company Information

1

Directors' Report

2

Profit and Loss Account

3

Statement of Comprehensive Income

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 11

iXBRL Detailed Profit and Loss Account

12

 

Nomastay Ltd

Company Information

Directors

Mr Salil Mansukhlal Shah

Mrs Bijal Dillis Sudra-Shah

Registered office

Onyx House
12 Phoenix Business Park
Avenue Close
Birmingham
West Midlands
B7 4NU

Accountants

Onyx Accountants Limited
Chartered Management Accountants
Onyx House
12 Phoenix Business Park
Avenue Close
Birmingham
West Midlands
B7 4NU

 

Nomastay Ltd

Directors' Report for the Year Ended 30 April 2024

The directors present their report and the financial statements for the year ended 30 April 2024.

Directors of the company

The directors who held office during the year were as follows:

Mr Salil Mansukhlal Shah

Mrs Bijal Dillis Sudra-Shah

Principal activity

The principal activity of the company is Services Accommodation

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 2 August 2024 and signed on its behalf by:
 

.........................................
Mr Salil Mansukhlal Shah
Director

 

Nomastay Ltd

Profit and Loss Account for the Year Ended 30 April 2024

Note

2024
£

2023
£

Turnover

 

404,667

58,096

Cost of sales

 

(400,151)

(109,157)

Gross profit/(loss)

 

4,516

(51,061)

Administrative expenses

 

(25,808)

(73,392)

Operating loss

 

(21,292)

(124,453)

Other interest receivable and similar income

 

1

2

Loss before tax

4

(21,291)

(124,451)

Loss for the financial year

 

(21,291)

(124,451)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Nomastay Ltd

Statement of Comprehensive Income for the Year Ended 30 April 2024

2024
£

2023
£

Loss for the year

(21,291)

(124,451)

Total comprehensive income for the year

(21,291)

(124,451)

 

Nomastay Ltd

(Registration number: 14069533)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

22,211

31,723

Current assets

 

Debtors

6

2,062

23,131

Cash at bank and in hand

 

30,860

299

 

32,922

23,430

Creditors: Amounts falling due within one year

7

(18,015)

(1,878)

Net current assets

 

14,907

21,552

Total assets less current liabilities

 

37,118

53,275

Creditors: Amounts falling due after more than one year

7

(2,760)

(177,626)

Net assets/(liabilities)

 

34,358

(124,351)

Capital and reserves

 

Called up share capital

8

180,100

100

Retained earnings

(145,742)

(124,451)

Shareholders' funds/(deficit)

 

34,358

(124,351)

For the financial year ending 30 April 2024 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 2 August 2024 and signed on its behalf by:
 

.........................................
Mr Salil Mansukhlal Shah
Director

 

Nomastay Ltd

Statement of Changes in Equity for the Year Ended 30 April 2024

Share capital
£

Retained earnings
£

Total
£

At 1 May 2023

100

(124,451)

(124,351)

Loss for the year

-

(21,291)

(21,291)

Other share capital movements

180,000

-

180,000

At 30 April 2024

180,100

(145,742)

34,358

Share capital
£

Retained earnings
£

Total
£

Loss for the year

-

(124,451)

(124,451)

New share capital subscribed

100

-

100

At 30 April 2023

100

(124,451)

(124,351)

 

Nomastay Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Onyx House
12 Phoenix Business Park
Avenue Close
Birmingham
West Midlands
B7 4NU
England

These financial statements were authorised for issue by the Board on 2 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Nomastay Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

 

Nomastay Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Loss before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

10,928

10,574

 

Nomastay Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

5

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 May 2023

42,298

-

42,298

Additions

-

1,416

1,416

At 30 April 2024

42,298

1,416

43,714

Depreciation

At 1 May 2023

10,575

-

10,575

Charge for the year

10,574

354

10,928

At 30 April 2024

21,149

354

21,503

Carrying amount

At 30 April 2024

21,149

1,062

22,211

At 30 April 2023

31,723

-

31,723

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

755

771

Amounts owed by related parties

1,307

5,885

Prepayments

 

-

16,475

   

2,062

23,131

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

485

-

Trade creditors

 

17,530

439

Accruals and deferred income

 

-

1,440

Other creditors

 

-

(1)

 

18,015

1,878

Creditors: amounts falling due after more than one year

 

Nomastay Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

2,760

177,626

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

2,760

177,626

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

485

-

 

Nomastay Ltd

iXBRL Detailed Profit and Loss Account for the Year Ended 30 April 2024

2024
£

2023
£

Turnover/revenue

404,667

58,096

Cost of sales

Opening stock/inventories

-

-

Purchase of raw materials and consumables

(60,574)

(12,639)

Closing stock/inventories

-

-

Rent, rates and services costs

(222,655)

(92,845)

Utilities costs

(25,606)

(1,813)

Other repairs and maintenance

(1,579)

(1,527)

Freight and haulage costs

(41,490)

-

External commission costs

(44,688)

-

Insurance costs

(3,559)

(333)

Gross profit/(loss)

4,516

(51,061)

Distribution costs

Administrative expenses

Audit and accountancy other services

(2,502)

(1,440)

Advertising, promotions and marketing costs

(701)

(7,164)

Client entertaining costs

(124)

-

Rent, rates and services costs

-

(7,200)

Depreciation of fixed assets

(10,928)

(10,574)

Vehicle costs

(424)

-

Travel and subsistence

(1,920)

(651)

Training

(2,125)

(9,444)

Legal and professional costs

(1,648)

(36,563)

Bank charges

(185)

-

IT and computing

(3,085)

(119)

Telecommunications

(637)

(230)

Printing, postage and stationery

(215)

-

Subscriptions

(1,314)

(7)

Other operating income

Other items

Loss on ordinary activities before finance charges and interest

(21,292)

(124,453)

Bank interest and similar income receivable

1

2

Loss for the financial year

(21,291)

(124,451)