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Company Registration No. SC585264 (Scotland)
I Am Nomad Ltd. Unaudited accounts for the year ended 31 January 2024
I Am Nomad Ltd. Unaudited accounts Contents
Page
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I Am Nomad Ltd. Company Information for the year ended 31 January 2024
Director
Mrs. Claire Johnston
Company Number
SC585264 (Scotland)
Registered Office
2 Regent Place Parkhall Clydebank West Dunbartonshire G81 3SG Scotland
Accountants
Poise Accountancy Ltd. 2 Regent Place Clydebank G81 3SG
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I Am Nomad Ltd. Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,230 
1,888 
Current assets
Inventories
6,920 
5,374 
Debtors
6,586 
6,586 
Cash at bank and in hand
1,244 
9,779 
14,750 
21,739 
Creditors: amounts falling due within one year
(802)
(55,380)
Net current assets/(liabilities)
13,948 
(33,641)
Total assets less current liabilities
15,178 
(31,753)
Creditors: amounts falling due after more than one year
(86,805)
- 
Net liabilities
(71,627)
(31,753)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(71,628)
(31,754)
Shareholders' funds
(71,627)
(31,753)
For the year ending 31 January 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 director acknowledges her 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 and authorised for issue on 31 October 2024 and were signed on its behalf by
Mrs. Claire Johnston Director Company Registration No. SC585264
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I Am Nomad Ltd. Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
I Am Nomad Ltd. is a private company, limited by shares, registered in Scotland, registration number SC585264. The registered office is 2 Regent Place, Parkhall, Clydebank, West Dunbartonshire, G81 3SG, Scotland.
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
Over 3 years, on a reducing balance basis, calculated daily
Computer equipment
Over 2 years, on a reducing balance basis, calculated daily
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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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I Am Nomad Ltd. Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
117 
4,000 
1,302 
5,419 
At 31 January 2024
117 
4,000 
1,302 
5,419 
Depreciation
At 1 February 2023
95 
2,305 
1,131 
3,531 
Charge for the year
8 
565 
85 
658 
At 31 January 2024
103 
2,870 
1,216 
4,189 
Net book value
At 31 January 2024
14 
1,130 
86 
1,230 
At 31 January 2023
22 
1,695 
171 
1,888 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,586 
- 
Amounts falling due after more than one year
Trade debtors
- 
6,586 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
668 
5,484 
Trade creditors
- 
2,035 
Taxes and social security
134 
5,537 
Loans from directors
- 
42,324 
802 
55,380 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
86,805 
- 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
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I Am Nomad Ltd. Notes to the Accounts for the year ended 31 January 2024
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Loan from director
(42,324)
(44,481)
- 
(86,805)
(42,324)
(44,481)
- 
(86,805)
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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