Company Registration No. 13891063 (England and Wales)
Nolo Automations Ltd
Unaudited accounts
for the year ended 29 February 2024
Nolo Automations Ltd
Unaudited accounts
Contents
Nolo Automations Ltd
Company Information
for the year ended 29 February 2024
Company Number
13891063 (England and Wales)
Registered Office
71-75 Shelton Street
London
WC2H 9JQ
ENGLAND
Accountants
Multiply Accountancy Limited
71-75 Shelton Street
London
WC2H 9JQ
Nolo Automations Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
3,541
4,386
Cash at bank and in hand
8,342
33,399
Creditors: amounts falling due within one year
(13,361)
(26,204)
Net current (liabilities)/assets
(2,597)
37,913
Called up share capital
100
100
Profit and loss account
844
42,199
Shareholders' funds
944
42,299
For the year ending 29 February 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 26 November 2024 and were signed on its behalf by
Victoria Graves
Director
Company Registration No. 13891063
Nolo Automations Ltd
Notes to the Accounts
for the year ended 29 February 2024
Nolo Automations Ltd is a private company, limited by shares, registered in England and Wales, registration number 13891063. The registered office is 71-75 Shelton Street, London, WC2H 9JQ, ENGLAND.
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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:
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2023
721
4,419
5,140
At 29 February 2024
721
5,005
5,726
At 1 March 2023
45
709
754
Charge for the year
180
1,251
1,431
At 29 February 2024
225
1,960
2,185
At 29 February 2024
496
3,045
3,541
At 28 February 2023
676
3,710
4,386
Nolo Automations Ltd
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
126
-
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
12,528
25,504
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Average number of employees
During the year the average number of employees was 2 (2023: 2).