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
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
I Am Nomad Ltd.
Statement of financial position
as at 31 January 2024
Tangible assets
1,230
1,888
Cash at bank and in hand
1,244
9,779
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)
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
I Am Nomad Ltd.
Notes to the Accounts
for the year ended 31 January 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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.
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.
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
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
At 31 January 2024
14
1,130
86
1,230
At 31 January 2023
22
1,695
171
1,888
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
134
5,537
Loans from directors
-
42,324
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
86,805
-
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
I Am Nomad Ltd.
Notes to the Accounts
for the year ended 31 January 2024
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).