NEXUS EVALUATION LTD

Company Registration Number:
13634122 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2024

Period of accounts

Start date: 01 October 2023

End date: 30 September 2024

NEXUS EVALUATION LTD

Contents of the Financial Statements

for the Period Ended 30 September 2024

Balance sheet
Notes

NEXUS EVALUATION LTD

Balance sheet

As at 30 September 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 2,013 1,760
Total fixed assets: 2,013 1,760
Current assets
Debtors: 4 15,253 7,596
Cash at bank and in hand: 48,806 56,152
Total current assets: 64,059 63,748
Creditors: amounts falling due within one year: 5 (14,615) (18,431)
Net current assets (liabilities): 49,444 45,317
Total assets less current liabilities: 51,457 47,077
Total net assets (liabilities): 51,457 47,077
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 51,455 47,075
Shareholders funds: 51,457 47,077

The notes form part of these financial statements

NEXUS EVALUATION LTD

Balance sheet statements

For the year ending 30 September 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 October 2024
and signed on behalf of the board by:

Name: Jess Romo
Status: Director

The notes form part of these financial statements

NEXUS EVALUATION LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and 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 policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Fixtures, fittings, office equipment - 25% straight line

Other accounting policies

Debtors Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditors Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Taxation A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. Foreign currency translation Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

NEXUS EVALUATION LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

NEXUS EVALUATION LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Tangible Assets

Total
Cost £
At 01 October 2023 3,520
Additions 1,327
At 30 September 2024 4,847
Depreciation
At 01 October 2023 1,760
Charge for year 1,074
At 30 September 2024 2,834
Net book value
At 30 September 2024 2,013
At 30 September 2023 1,760

NEXUS EVALUATION LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Debtors

Trade debtors - £15,253 (2023 - £7,596).

NEXUS EVALUATION LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Creditors: amounts falling due within one year note

Taxation and social security - £9,726 (2023 - £15,351). Other creditors - £4,889 (2023 - £3,080).

NEXUS EVALUATION LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

6. Related party transactions

Name of the related party: Jess Romo
Relationship:
Director
Description of the Transaction: During the year the director paid a series of business expenses personally. At the period end the amount owed to the director which was included within other creditors was:
£
Balance at 01 October 2023 1,924
Balance at 30 September 2024 3,733