1 April 2023 false No description of principal activity Taxfiler 2024.5 11157322business:PrivateLimitedCompanyLtd2023-04-012024-03-31 111573222023-03-31 111573222023-04-012024-03-31 11157322business:AuditExemptWithAccountantsReport2023-04-012024-03-31 11157322business:FilletedAccounts2023-04-012024-03-31 111573222024-03-31 11157322business:Director12023-04-012024-03-31 11157322business:Director22023-04-012024-03-31 11157322business:RegisteredOffice2023-04-012024-03-31 111573222023-03-31 11157322core:WithinOneYear2024-03-31 11157322core:WithinOneYear2023-03-31 11157322core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 11157322core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 11157322core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 11157322core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 11157322core:PreviouslyStatedAmount2024-03-31 11157322core:PreviouslyStatedAmount2023-03-31 11157322business:SmallEntities2023-04-012024-03-31 11157322countries:EnglandWales2023-04-012024-03-31 11157322core:ComputerEquipment2023-04-012024-03-31 11157322core:ComputerEquipment2023-03-31 11157322core:ComputerEquipment2024-03-31 111573222022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 11157322 (England and Wales)
NOVITAS FINTECH ADVISERS LTD Unaudited accounts for the year ended 31 March 2024
NOVITAS FINTECH ADVISERS LTD Unaudited accounts Contents
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NOVITAS FINTECH ADVISERS LTD Company Information for the year ended 31 March 2024
Directors
Joseph Singer Elizabeth Singer
Company Number
11157322 (England and Wales)
Registered Office
Wrea House 6 Beech Place St Albans AL3 5LQ
Accountants
RPJ Accountancy Limited Rivers Lodge West Common Harpenden Hertfordshire AL5 2JD
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NOVITAS FINTECH ADVISERS LTD Accountants' report
Accountants' report to the board of directors of NOVITAS FINTECH ADVISERS LTD (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 March 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 March 2024. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
RPJ Accountancy Limited Rivers Lodge West Common Harpenden Hertfordshire AL5 2JD 23 May 2024
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NOVITAS FINTECH ADVISERS LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,339 
666 
Current assets
Cash at bank and in hand
36,108 
52,661 
Creditors: amounts falling due within one year
(11,602)
(8,651)
Net current assets
24,506 
44,010 
Net assets
25,845 
44,676 
Capital and reserves
Called up share capital
101 
101 
Profit and loss account
25,744 
44,575 
Shareholders' funds
25,845 
44,676 
For the year ending 31 March 2024 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 2 October 2024 and were signed on its behalf by
Joseph Singer Director Company Registration No. 11157322
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NOVITAS FINTECH ADVISERS LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
NOVITAS FINTECH ADVISERS LTD is a private company, limited by shares, registered in England and Wales, registration number 11157322. The registered office is Wrea House, 6 Beech Place, St Albans, AL3 5LQ.
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:
Computer equipment
25% straight line
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
3,452 
Additions
1,341 
At 31 March 2024
4,793 
Depreciation
At 1 April 2023
2,786 
Charge for the year
668 
At 31 March 2024
3,454 
Net book value
At 31 March 2024
1,339 
At 31 March 2023
666 
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NOVITAS FINTECH ADVISERS LTD Notes to the Accounts for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,755 
3,469 
Taxes and social security
9,847 
5,182 
11,602 
8,651 
6
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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