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Company Registration No. 14988707 (England and Wales)
Novara Consulting Group Limited Unaudited accounts for the period from 7 July 2023 to 31 July 2024
Novara Consulting Group Limited Unaudited accounts Contents
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Novara Consulting Group Limited Company Information for the period from 7 July 2023 to 31 July 2024
Directors
Joel Murphy Zsofia Aniko Meszaros
Company Number
14988707 (England and Wales)
Registered Office
35 Goddard Way Tuffley Gloucester GL4 0YA England
Accountants
Next Level Accountants Limited 35 Goddard Way Tuffley Gloucester Gloucestershire GL4 0YA
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Novara Consulting Group Limited Statement of financial position as at 31 July 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
3,185 
Current assets
Cash at bank and in hand
52,492 
Creditors: amounts falling due within one year
(18,193)
Net current assets
34,299 
Net assets
37,484 
Capital and reserves
Called up share capital
100 
Profit and loss account
37,384 
Shareholders' funds
37,484 
For the period ending 31 July 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 1 September 2024 and were signed on its behalf by
Joel Murphy Director Company Registration No. 14988707
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Novara Consulting Group Limited Notes to the Accounts for the period from 7 July 2023 to 31 July 2024
1
Statutory information
Novara Consulting Group Limited is a private company, limited by shares, registered in England and Wales, registration number 14988707. The registered office is 35 Goddard Way, Tuffley, Gloucester, GL4 0YA, England.
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 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:
Plant & machinery
20% Straight Line
Computer equipment
25% Straight Line
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Novara Consulting Group Limited Notes to the Accounts for the period from 7 July 2023 to 31 July 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 7 July 2023
- 
Additions
4,247 
At 31 July 2024
4,247 
Depreciation
Charge for the period
1,062 
At 31 July 2024
1,062 
Net book value
At 31 July 2024
3,185 
5
Creditors: amounts falling due within one year
2024 
£ 
VAT
3,711 
Taxes and social security
14,482 
18,193 
6
Average number of employees
During the period the average number of employees was 2.
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