Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-08-01falseThe principal activity of the company in the year under review was that of consultants.11falsetruefalse 10745566 2022-08-01 2023-07-31 10745566 2021-08-01 2022-07-31 10745566 2023-07-31 10745566 2022-07-31 10745566 c:Director1 2022-08-01 2023-07-31 10745566 d:MotorVehicles 2022-08-01 2023-07-31 10745566 d:MotorVehicles 2023-07-31 10745566 d:MotorVehicles 2022-07-31 10745566 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 10745566 d:ComputerEquipment 2022-08-01 2023-07-31 10745566 d:ComputerEquipment 2023-07-31 10745566 d:ComputerEquipment 2022-07-31 10745566 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 10745566 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 10745566 d:CurrentFinancialInstruments 2023-07-31 10745566 d:CurrentFinancialInstruments 2022-07-31 10745566 d:Non-currentFinancialInstruments 2023-07-31 10745566 d:Non-currentFinancialInstruments 2022-07-31 10745566 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 10745566 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 10745566 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 10745566 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 10745566 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-31 10745566 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-07-31 10745566 d:ShareCapital 2023-07-31 10745566 d:ShareCapital 2022-07-31 10745566 d:RetainedEarningsAccumulatedLosses 2023-07-31 10745566 d:RetainedEarningsAccumulatedLosses 2022-07-31 10745566 c:FRS102 2022-08-01 2023-07-31 10745566 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 10745566 c:FullAccounts 2022-08-01 2023-07-31 10745566 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 10745566 e:PoundSterling 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 10745566









NOVENTA LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
NOVENTA LIMITED
REGISTERED NUMBER: 10745566

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,439
1,892

  
1,439
1,892

Current assets
  

Debtors: amounts falling due within one year
 5 
23,953
24,745

  
23,953
24,745

Creditors: amounts falling due within one year
 6 
(25,905)
(18,635)

Net current (liabilities)/assets
  
 
 
(1,952)
 
 
6,110

Total assets less current liabilities
  
(513)
8,002

Creditors: amounts falling due after more than one year
 7 
(16,513)
(11,666)

  

Net liabilities
  
(17,026)
(3,664)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(17,126)
(3,764)

  
(17,026)
(3,664)


Page 1

 
NOVENTA LIMITED
REGISTERED NUMBER: 10745566
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 October 2024.




C Greenhill
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
NOVENTA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

Noventa Sports & Entertainment Limited is a private company, limited by shares, registered in England and Wales (registered number 10745566). The registered office is St Thomas House, 83 Wolverhampton Road, Cannock, Staffordshire, United Kingdom, WS11 1AR.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management has evaluated current and forecasted operational results, and the solvency of the company. The director has obtained assurances from the shareholders to continue to provide adequate funds to meet its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the director considers it appropriate to prepare the financial statements on a going concern basis. 

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
NOVENTA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Bicycle
-
25%
reducing balance
Computer equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
NOVENTA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

3.


Employees

2023
2022
£
£

Wages and salaries
8,760
8,760

8,760
8,760


The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Tangible fixed assets





Bicycle
Computer equipment
Total

£
£
£



Cost or valuation


At 1 August 2022
842
3,142
3,984



At 31 July 2023

842
3,142
3,984



Depreciation


At 1 August 2022
250
1,842
2,092


Charge for the year on owned assets
148
305
453



At 31 July 2023

398
2,147
2,545



Net book value



At 31 July 2023
444
995
1,439



At 31 July 2022
592
1,300
1,892

Page 5

 
NOVENTA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

5.


Debtors

2023
2022
£
£


Trade debtors
-
790

Other debtors
23,953
23,955

23,953
24,745



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
9,886
723

Bank loans
3,733
13,912

Other creditors
8,286
-

Accruals and deferred income
4,000
4,000

25,905
18,635



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
16,513
11,666

16,513
11,666


Page 6

 
NOVENTA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
3,734
13,912


3,734
13,912

Amounts falling due 1-2 years

Bank loans
16,513
11,666


16,513
11,666



20,247
25,578


 
Page 7