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REGISTERED NUMBER: 07014656 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Nexus Workspace Limited

Nexus Workspace Limited (Registered number: 07014656)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Nexus Workspace Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M J Barnes
D M Newsome





REGISTERED OFFICE: 12 Leeds Road
Ossett
West Yorkshire
WF5 9QA





REGISTERED NUMBER: 07014656 (England and Wales)





ACCOUNTANTS: Kirkwood Wilson Limited
2a Swordfish Business Park
Swordfish Close
Higgins Lane
Burscough
Lancashire
L40 8JW

Nexus Workspace Limited (Registered number: 07014656)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,733 19,292

CURRENT ASSETS
Debtors 5 386,647 427,764
Cash at bank 480,732 781,462
867,379 1,209,226
CREDITORS
Amounts falling due within one year 6 414,711 732,531
NET CURRENT ASSETS 452,668 476,695
TOTAL ASSETS LESS CURRENT LIABILITIES 499,401 495,987

CREDITORS
Amounts falling due after more than one year 7 (6,886 ) (10,667 )

PROVISIONS FOR LIABILITIES (10,748 ) (4,423 )
NET ASSETS 481,767 480,897

CAPITAL AND RESERVES
Called up share capital 300 300
Capital redemption reserve 700 700
Retained earnings 480,767 479,897
481,767 480,897

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:





D M Newsome - Director


Nexus Workspace Limited (Registered number: 07014656)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Nexus Workspace Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

Nexus Workspace Limited (Registered number: 07014656)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 85,228
Additions 43,500
At 31 December 2023 128,728
DEPRECIATION
At 1 January 2023 65,936
Charge for year 16,059
At 31 December 2023 81,995
NET BOOK VALUE
At 31 December 2023 46,733
At 31 December 2022 19,292

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 176,732 417,011
Other debtors 209,915 10,753
386,647 427,764

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 4,000 4,000
Trade creditors 278,928 184,831
Amounts owed to participating interests - 6,240
Taxation and social security 52,519 138,798
Other creditors 79,264 398,662
414,711 732,531

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 6,886 10,667

8. CAPITAL COMMITMENTS
31.12.23 31.12.22
£    £   
Contracted but not provided for in the
financial statements 44,239 44,239

Nexus Workspace Limited (Registered number: 07014656)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
M J Barnes
Balance outstanding at start of year 2,000 2,000
Amounts repaid (2,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 2,000

N A Proctor
Balance outstanding at start of year 2,000 2,000
Amounts repaid (2,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 2,000

D M Newsome
Balance outstanding at start of year 2,000 2,000
Amounts repaid (2,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 2,000

10. CHANGE IN SHAREHOLDING

After the year end, Barnes Design and Management Services Limited and Oak Tree Design Limited, existing shareholders of Nexus Workspace Limited, purchased 502 shares each in Royds Hill Investments Limited which owns 100 shares in Nexus Workspace Limited.