Registered number
07452520
Nissi Business Solutions Limited
Filleted Accounts
31 January 2024
Nissi Business Solutions Limited
Registered number: 07452520
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,072 3,400
Current assets
Debtors 4 391,794 244,620
Cash at bank and in hand 79,753 52,457
471,547 297,077
Creditors: amounts falling due within one year 5 (417,965) (275,567)
Net current assets 53,582 21,510
Net assets 57,654 24,910
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 56,654 23,910
Shareholders' funds 57,654 24,910
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
L Mabuku-chimbaza
Director
Approved by the board on 30 October 2024
Nissi Business Solutions Limited
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:
Computer Equipment over 3 years
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 44 35
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 February 2023 18,172 2,078 3,400 23,650
Additions 1,723 - - 1,723
At 31 January 2024 19,895 2,078 3,400 25,373
Depreciation
At 1 February 2023 18,172 2,078 - 20,250
Charge for the year 201 - 850 1,051
At 31 January 2024 18,373 2,078 850 21,301
Net book value
At 31 January 2024 1,522 - 2,550 4,072
At 31 January 2023 - - 3,400 3,400
4 Debtors 2024 2023
£ £
Trade debtors 297,697 145,458
Amounts owed by group undertakings and undertakings in which the company has a participating interest 90,978 99,162
Other debtors 3,119 -
391,794 244,620
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 104,305 65,794
Trade creditors 11,162 5,472
Taxation and social security costs 105,291 62,321
Other creditors 197,207 141,980
417,965 275,567
6 Other information
Nissi Business Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 706
Delta Office Park
Welton Road
Swindon
SN5 7XS
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