Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-03-01false1true1 06102417 2023-03-01 2024-02-29 06102417 2022-03-01 2023-02-28 06102417 2024-02-29 06102417 2023-02-28 06102417 c:Director1 2023-03-01 2024-02-29 06102417 d:CurrentFinancialInstruments 2024-02-29 06102417 d:CurrentFinancialInstruments 2023-02-28 06102417 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 06102417 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 06102417 d:ShareCapital 2024-02-29 06102417 d:ShareCapital 2023-02-28 06102417 d:RetainedEarningsAccumulatedLosses 2024-02-29 06102417 d:RetainedEarningsAccumulatedLosses 2023-02-28 06102417 c:OrdinaryShareClass1 2023-03-01 2024-02-29 06102417 c:OrdinaryShareClass1 2024-02-29 06102417 c:OrdinaryShareClass1 2023-02-28 06102417 c:FRS102 2023-03-01 2024-02-29 06102417 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 06102417 c:FullAccounts 2023-03-01 2024-02-29 06102417 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 06102417 6 2023-03-01 2024-02-29 06102417 e:PoundSterling 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 06102417














NVE INSPECTIONS LIMITED

 
UNAUDITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
NVE INSPECTIONS LIMITED
REGISTERED NUMBER:06102417

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
100
100

  
100
100

Current assets
  

Debtors: amounts falling due within one year
 5 
1,018,983
298,463

  
1,018,983
298,463

Creditors: amounts falling due within one year
 6 
(992,825)
(271,645)

Net current assets
  
 
 
26,158
 
 
26,818

Total assets less current liabilities
  
26,258
26,918

  

Net assets
  
26,258
26,918


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
26,257
26,917

  
26,258
26,918


Page 1

 
NVE INSPECTIONS LIMITED
REGISTERED NUMBER:06102417
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

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 profit and loss account 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 by: 




I McAndrew
Director

Date: 27 September 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
NVE INSPECTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

NVE Inspections Limited is a private company, limited by shares, registered in England and Wales, registration number 06102417. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
 
The principal activity of the company continued to be that of holding company. 

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 the Section 1A of the  Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small - sized group. The company has therefore taken advantage of the exemption provided by section 399 of the Companies Act 2006 not to prepare group accounts.

  
2.2

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

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.

 
2.5

Creditors

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

 
2.6

 Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other debtors, other creditors, and loans with related parties.

 
2.7

 Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. 
Dividend income is recognised when the right to receive payment is established.

Page 3

 
NVE INSPECTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

3.


Employees

The average monthly number of employees, including the director, during the year was 1 (2023 - 1).


4.


Fixed asset investments








Investments in a subsidiary company

£



Cost


At 1 March 2023
100



At 29 February 2024
100





5.


Debtors

29 February
28 February
2024
2023
£
£


Other debtors
1,018,983
298,463



6.


Creditors: amounts falling due within one year

29 February
28 February
2024
2023
£
£

Amounts owed to group undertaking
992,165
271,269

Other taxation and social security
-
376

Accruals and deferred income
660
-

992,825
271,645



7.


Share capital

29 February
28 February
2024
2023
£
£
Authorised, allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1


Page 4

 
NVE INSPECTIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

8.


Transactions with the director

During the year, the company advanced £1,036,022 (2023 - £321,192) to the director. As at the year end, director owed £1,018,984 (2023 - £298,463) to the company. The loan is unsecured, interest free and repayable on demand.
During the year, dividends of £300,000 (2023 - £100,000) were paid to the director.


9.


Related party transactions

No disclosure has been made of transactions with other wholly owned group companies in accordance with FRS 102 Section 1A paragraph 1AC.35.
 
Page 5