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REGISTERED NUMBER: 04189963 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Nowhere Group Limited

Nowhere Group Limited (Registered number: 04189963)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nowhere Group Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: N Udall
M A Cornwell
A M Kitt
B Kay
M G Malig
Dr A Craig





SECRETARY: A D Turner





REGISTERED OFFICE: 6 Lichfield Street
Burton on Trent
Staffordshire
DE14 3RD





REGISTERED NUMBER: 04189963 (England and Wales)





ACCOUNTANTS: Bourne & Co
Chartered Accountants
6 Lichfield Street
Burton-on-Trent
Staffordshire
DE14 3RD

Nowhere Group Limited (Registered number: 04189963)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,715 6,089
Investments 5 25 25
10,740 6,114

CURRENT ASSETS
Stocks 48,530 44,726
Debtors 6 2,832,243 1,559,722
Cash at bank 1,157,710 1,967,417
4,038,483 3,571,865
CREDITORS
Amounts falling due within one year 7 1,381,248 888,332
NET CURRENT ASSETS 2,657,235 2,683,533
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,667,975

2,689,647

PROVISIONS FOR LIABILITIES 1,189 541
NET ASSETS 2,666,786 2,689,106

Nowhere Group Limited (Registered number: 04189963)

Balance Sheet - continued
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 18 18
Share premium 10 20,420 20,420
Capital redemption reserve 10 104 104
Retained earnings 10 2,646,244 2,668,564
SHAREHOLDERS' FUNDS 2,666,786 2,689,106

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:





N Udall - Director


Nowhere Group Limited (Registered number: 04189963)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Nowhere Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost and 10% on cost
Computer equipment - Straight line over 1 year

Tangible fixed assets are included at cost less depreciation and impairment.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Nowhere Group Limited (Registered number: 04189963)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Trade debtors
Short term debtors are measured at transaction price less any impairment. Any losses arising from impairment are recognised in profit or loss.

Trade creditors
Short term creditors are measured at transaction price less any impairment. Any losses arising from impairment are recognised in profit or loss.

Grants
Grants received towards revenue expenditure are recognised as other income in the year in which the revenue expenditure is incurred.

Grants received towards capital expenditure are accounted for on the accruals basis and are released to the profit and loss account to match the depreciation policy of the asset to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 18 ) .

Nowhere Group Limited (Registered number: 04189963)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2023 21,419 133,326 154,745
Additions - 17,370 17,370
At 31 January 2024 21,419 150,696 172,115
DEPRECIATION
At 1 February 2023 21,396 127,260 148,656
Charge for year 23 12,721 12,744
At 31 January 2024 21,419 139,981 161,400
NET BOOK VALUE
At 31 January 2024 - 10,715 10,715
At 31 January 2023 23 6,066 6,089

5. FIXED ASSET INVESTMENTS
Interest
in other
participating
interests
£   
COST
At 1 February 2023
and 31 January 2024 25
NET BOOK VALUE
At 31 January 2024 25
At 31 January 2023 25

Nowhere Group Limited (Registered number: 04189963)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated company

Nowhere Digital Ltd
Registered office:
Nature of business: Dormant
%
Class of shares: holding
Ordinary 25.00
28.2.24 28.2.23
£    £   
Aggregate capital and reserves 100 100

6. DEBTORS
31.1.24 31.1.23
£    £   
Amounts falling due within one year:
Trade debtors 2,469,551 1,129,555
Directors' current accounts 219,900 219,900
Corporation tax recoverable - 9,783
Called up share capital not paid 5 5
Prepayments 71,319 129,011
2,760,775 1,488,254

Amounts falling due after more than one year:
Corporation tax recoverable 71,468 71,468

Aggregate amounts 2,832,243 1,559,722

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 61,070 26,605
Corporation tax 23,128 35,331
Social security and other taxes 257,910 83,397
Other creditors 20,184 35,001
Accruals and deferred income 1,018,956 707,998
1,381,248 888,332

Nowhere Group Limited (Registered number: 04189963)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.1.24 31.1.23
£    £   
Within one year 40,286 54,378
Between one and five years 22,845 63,131
63,131 117,509

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
1 Special £1 1 1
629 Ordinary £0.01 6 6
7 7

Allotted and issued:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
11 Dividend A and C - L shares £1 11 11

10. RESERVES
Capital
Retained Share redemption
earnings premium reserve Totals
£    £    £    £   

At 1 February 2023 2,668,564 20,420 104 2,689,088
Profit for the year 195,413 195,413
Dividends (217,733 ) (217,733 )
At 31 January 2024 2,646,244 20,420 104 2,666,768

Nowhere Group Limited (Registered number: 04189963)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
M A Cornwell
Balance outstanding at start of year 109,900 140,000
Amounts repaid - (30,100 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 109,900 109,900

N Udall
Balance outstanding at start of year 110,000 70,000
Amounts advanced - 40,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 110,000 110,000

The loans are interest free and repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The company is under the control of N Udall, one of the directors of the company, by virtue of him holding 55.6% of the ordinary share capital.