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Registrar

Registration number: 12914101

Nomico Group Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Nomico Group Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Nomico Group Limited

Company Information

Directors

R P R Dunkley

R J Jones

Registered office

Units 4 & 5
Saxon House
Warley Street
Upminster
Essex
RM14 3PJ

Accountants

Lambert Chapman LLP
Chartered accountants
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

 

Nomico Group Limited

(Registration number: 12914101)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

2,600,090

2,600,090

Current assets

 

Cash at bank and in hand

 

977

1,080

Creditors: Amounts falling due within one year

5

(378,782)

(584,782)

Net current liabilities

 

(377,805)

(583,702)

Total assets less current liabilities

 

2,222,285

2,016,388

Creditors: Amounts falling due after more than one year

5

-

(60,000)

Net assets

 

2,222,285

1,956,388

Capital and reserves

 

Called up share capital

6

960

960

Retained earnings

2,221,325

1,955,428

Shareholders' funds

 

2,222,285

1,956,388

For the financial year ending 30 June 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 October 2024 and signed on its behalf by:
 

R P R Dunkley
Director

R J Jones
Director

 

Nomico Group Limited

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

1

General information

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

The address of its registered office is: Units 4 & 5, Saxon House, Warley Street, Upminster, Essex, RM14 3PJ.

These financial statements were authorised for issue by the Board on 3 October 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.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts. .

Going concern

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

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Share capital

Ordinary shares are classified as equity.

 

Nomico Group Limited

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

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Investments

2024
£

2023
£

Investments in subsidiaries

2,600,090

2,600,090

Subsidiaries

£

Cost or valuation

At 1 July 2023

2,600,090

Carrying amount

At 30 June 2024

2,600,090

At 30 June 2023

2,600,090

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

Nomico Electrical Company Limited

England

Ordinary £1

100%

100%

Nomico Fire & Security Limited

England

Ordinary £1

90%

90%

 

Nomico Group Limited

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

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings

8

318,683

398,683

Other creditors

 

60,099

186,099

 

378,782

584,782

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

-

60,000

Bank borrowings

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A of £1 each

368

368

368

368

Ordinary B of £1 each

368

368

368

368

Ordinary D of £1 each

112

112

112

112

Ordinary E of £1 each

112

112

112

112

960

960

960

960

 

Nomico Group Limited

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

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

-

60,000

8

Related party transactions

Transactions with directors

2023

At 1 July 2022
£

Repayments by director
£

At 30 June 2023
£

Directors loan transactions

230

(230)

-