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Company Registration No. 08017383 (England and Wales)
NOVELTEX LIMITED Unaudited accounts for the year ended 31 March 2024
NOVELTEX LIMITED Unaudited accounts Contents
Page
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NOVELTEX LIMITED Company Information for the year ended 31 March 2024
Directors
Mahmood Ahmad Shafi Yasser Mahmood Shafi
Company Number
08017383 (England and Wales)
Registered Office
182 GARRISON STREET BORDESLEY BIRMINGHAM B9 4BN
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NOVELTEX LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,750 
6,750 
Current assets
Inventories
636,789 
635,082 
Debtors
16,914 
8,914 
Cash at bank and in hand
4,185 
4,519 
657,888 
648,515 
Creditors: amounts falling due within one year
(66,945)
(612,052)
Net current assets
590,943 
36,463 
Total assets less current liabilities
597,693 
43,213 
Creditors: amounts falling due after more than one year
(555,755)
- 
Net assets
41,938 
43,213 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
41,838 
43,113 
Shareholders' funds
41,938 
43,213 
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 29 October 2024 and were signed on its behalf by
Mahmood Ahmad Shafi Director Company Registration No. 08017383
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NOVELTEX LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
NOVELTEX LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08017383. The registered office is 182 GARRISON STREET, BORDESLEY, BIRMINGHAM, B9 4BN.
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.
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% reducing Balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
17,569 
At 31 March 2024
17,569 
Depreciation
At 1 April 2023
10,819 
At 31 March 2024
10,819 
Net book value
At 31 March 2024
6,750 
At 31 March 2023
6,750 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
8,336 
- 
Other debtors
8,578 
8,914 
16,914 
8,914 
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NOVELTEX LIMITED Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,651 
- 
VAT
- 
2,804 
Trade creditors
18,403 
26,991 
Amounts owed to group undertakings and other participating interests
22,743 
22,743 
Taxes and social security
(6,736)
2,480 
Other creditors
24,980 
375 
Loans from directors
- 
555,755 
Accruals
904 
904 
66,945 
612,052 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
555,755 
- 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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