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Registered Number: 12446579
England and Wales

 

 

 

NOVATI LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 March 2023

End date: 29 February 2024
Report to the directors on the preparation of the unaudited statutory accounts of NOVATI Limited for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of NOVATI Limited for the year ended 29 February 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.

This report is made solely to the Board of Directors of NOVATI Limited, as a body, in accordance with the terms of our engagement letter dated 18 November 2024 . Our work has been undertaken solely to prepare for your approval the accounts of NOVATI Limited and state those matters that we have agreed to state to the Board of Directors of NOVATI Limited, as a body, in this report.To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NOVATI Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that NOVATI Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of NOVATI Limited.You consider that NOVATI Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of NOVATI Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements 29 February 2024.



....................................................
Akhter's Limited
64
Castle Boulevard
Nottingham
Nottinghamshire
NG7 1FN
18 November 2024
1
  2024   2023
    £ £   £ £
Fixed assets   131      160 
Current assets 6,130      8,108   
Creditors: amount falling due within one year (4,641)     (3,356)  
Net current assets   1,489      4,752 
Total assets less current liabilities   1,620      4,912 
Creditors: amount falling due after more than one year   (5,499)     (7,499)
Net assets   (3,879)     (2,587)
 

         
Capital and reserves   (3,879)     (2,587)
 
NOTES TO THE ACCOUNTS

General Information
NOVATI Limited is a private company, limited by shares, registered in England and Wales, registration number 12446579, registration address 64 Castle Boulevard, Nottingham, NG7 1FN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 18% Reducing Balance
2.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 March 2023 250    250 
Additions  
Disposals  
At 29 February 2024 250    250 
Depreciation
At 01 March 2023 90    90 
Charge for year 29    29 
On disposals  
At 29 February 2024 119    119 
Net book values
Closing balance as at 29 February 2024 131    131 
Opening balance as at 01 March 2023 160    160 


3.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).


For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

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

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the director on 18 November 2024 and were signed by:


--------------------------------
Ruta Kliukeviciene
Director
2