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REGISTERED NUMBER: 13571608 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

NEXUS FIBRE LIMITED

NEXUS FIBRE LIMITED (REGISTERED NUMBER: 13571608)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


NEXUS FIBRE LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: Ms L L Fahy
S B Fahy





SECRETARY:





REGISTERED OFFICE: 73 New Inns Lane
Rednal
Birmingham
B45 9TS





REGISTERED NUMBER: 13571608 (England and Wales)





ACCOUNTANTS: Bee-Line Accounts Services Ltd
Unit1 Rumbush Farm Bus.Park
Rumbush Lane
Earlswood
Solihull
West Midlands
B94 5LW

NEXUS FIBRE LIMITED (REGISTERED NUMBER: 13571608)

REPORT OF THE DIRECTORS
for the Year Ended 31 March 2024

The directors present their report with the financial statements of the company for the year ended 31 March 2024.

DIRECTORS
Ms L L Fahy has held office during the whole of the period from 1 April 2023 to the date of this report.

Other changes in directors holding office are as follows:

S B Fahy - appointed 25 February 2024

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

ON BEHALF OF THE BOARD:





Ms L L Fahy - Director


3 October 2024

NEXUS FIBRE LIMITED (REGISTERED NUMBER: 13571608)

INCOME STATEMENT
for the Year Ended 31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   

TURNOVER 1,389,406 936,932

Cost of sales 958,706 497,205
GROSS PROFIT 430,700 439,727

Distribution costs 4,978 1,410
Administrative expenses 89,804 72,999
94,782 74,409
335,918 365,318

Other operating income - 8
OPERATING PROFIT 4 335,918 365,326

Interest receivable and similar income 1,876 -
PROFIT BEFORE TAXATION 337,794 365,326

Tax on profit 78,437 56,548
PROFIT FOR THE FINANCIAL YEAR 259,357 308,778

NEXUS FIBRE LIMITED (REGISTERED NUMBER: 13571608)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 105,578 71,920

CURRENT ASSETS
Debtors 6 454,481 281,324
Cash at bank and in hand 157,638 98,110
612,119 379,434
CREDITORS
Amounts falling due within one year 7 354,740 144,575
NET CURRENT ASSETS 257,379 234,859
TOTAL ASSETS LESS CURRENT
LIABILITIES

362,957

306,779

CAPITAL AND RESERVES
Called up share capital 2 1
Retained earnings 362,955 306,778
SHAREHOLDERS' FUNDS 362,957 306,779

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by:





Ms L L Fahy - Director


NEXUS FIBRE LIMITED (REGISTERED NUMBER: 13571608)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Nexus Fibre 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31.3.24 31.3.23
£    £   
Depreciation - owned assets 35,191 23,974

NEXUS FIBRE LIMITED (REGISTERED NUMBER: 13571608)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 95,894
Additions 68,849
At 31 March 2024 164,743
DEPRECIATION
At 1 April 2023 23,974
Charge for year 35,191
At 31 March 2024 59,165
NET BOOK VALUE
At 31 March 2024 105,578
At 31 March 2023 71,920

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 47,616 110,409
Other debtors 406,865 170,915
454,481 281,324

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors (948 ) (770 )
Taxation and social security 354,488 142,737
Other creditors 1,200 2,608
354,740 144,575