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Company Registration No. 08565528 (England and Wales)
Nevis Associates Limited Unaudited accounts for the year ended 11 December 2023
Nevis Associates Limited Unaudited accounts Contents
Page
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Nevis Associates Limited Company Information for the year ended 11 December 2023
Directors
Romen Bose Brigid Catherine Bose
Company Number
08565528 (England and Wales)
Registered Office
17 Coed Pengam Lisvane Cardiff South Glamorgan CF14 0AU Wales
Accountants
Orchard Davies Ltd 17 Coed Pengam Lisvane Cardiff South Glamorgan CF14 0AU
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Nevis Associates Limited Statement of financial position as at 11 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,623 
14,163 
Current assets
Debtors
165,435 
165,435 
Cash at bank and in hand
206,128 
311,866 
371,563 
477,301 
Creditors: amounts falling due within one year
(256,106)
(263,512)
Net current assets
115,457 
213,789 
Total assets less current liabilities
126,080 
227,952 
Provisions for liabilities
Deferred tax
(3,587)
(3,587)
Net assets
122,493 
224,365 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
122,491 
224,363 
Shareholders' funds
122,493 
224,365 
For the year ending 11 December 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by
Romen Bose Director Company Registration No. 08565528
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Nevis Associates Limited Notes to the Accounts for the year ended 11 December 2023
1
Statutory information
Nevis Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 08565528. The registered office is 17 Coed Pengam, Lisvane, Cardiff, South Glamorgan, CF14 0AU, Wales.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
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
15% on Cost
Motor vehicles
25% on Cost
Fixtures & fittings
25% Reducing Balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Nevis Associates Limited Notes to the Accounts for the year ended 11 December 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 12 December 2022
20,801 
69,226 
60,035 
150,062 
At 11 December 2023
20,801 
69,226 
60,035 
150,062 
Depreciation
At 12 December 2022
20,801 
69,226 
45,872 
135,899 
Charge for the year
- 
- 
3,540 
3,540 
At 11 December 2023
20,801 
69,226 
49,412 
139,439 
Net book value
At 11 December 2023
- 
- 
10,623 
10,623 
At 11 December 2022
- 
- 
14,163 
14,163 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
165,435 
165,435 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
5,494 
5,494 
Other creditors
100,000 
100,000 
Loans from directors
144,138 
151,544 
Accruals
6,474 
6,474 
256,106 
263,512 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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