Registered number
08829423
NOVA CONTRACTING (UK) LTD
Filleted Accounts
31 January 2024
NOVA CONTRACTING (UK) LTD
Registered number: 08829423
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 13,679 16,682
Current assets
Debtors 4 2,848 2,848
Cash at bank and in hand 6,157 11,009
9,005 13,857
Creditors: amounts falling due within one year 5 (4,633) (7,801)
Net current assets 4,372 6,056
Total assets less current liabilities 18,051 22,738
Creditors: amounts falling due after more than one year 6 (15,500) (21,500)
Net assets 2,551 1,238
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,451 1,138
Shareholder's funds 2,551 1,238
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dawid Nowak
Director
Approved by the board on 22 October 2024
NOVA CONTRACTING (UK) LTD
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
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:
Office equipment 18% reducing balance
Plant and machinery 18% reducing balance
Office equipment 18% reducing balance
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Office equipment Plant and machinery Motor vehicles Total
£ £ £ £
Cost
At 1 February 2023 1,003 1,941 41,998 44,942
Disposals - - - -
At 31 January 2024 1,003 1,941 41,998 44,942
Depreciation
At 1 February 2023 836 1,514 25,910 28,260
Charge for the year 30 77 2,896 3,003
At 31 January 2024 866 1,591 28,806 31,263
Net book value
At 31 January 2024 137 350 13,192 13,679
At 31 January 2023 167 427 16,088 16,682
4 Debtors 2024 2023
£ £
Trade debtors 2,848 2,848
5 Creditors: amounts falling due within one year 2024 2023
£ £
Director current account 20,827 32,228
Trade creditors - 1,126
Taxation and social security costs (16,374) (25,733)
Other creditors 180 180
4,633 7,801
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 15,500 21,500
7 Other information
NOVA CONTRACTING (UK) LTD is a private company limited by shares and incorporated in England. Its registered office is:
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