Acorah Software Products - Accounts Production 16.0.110 false true 31 December 2022 1 January 2022 false 1 January 2023 29 February 2024 29 February 2024 11111722 Mrs Parmjit Kaur iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11111722 2022-12-31 11111722 2024-02-29 11111722 2023-01-01 2024-02-29 11111722 frs-core:CurrentFinancialInstruments 2024-02-29 11111722 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 11111722 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2024-02-29 11111722 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 11111722 frs-core:SharePremium 2024-02-29 11111722 frs-core:ShareCapital 2024-02-29 11111722 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 11111722 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2024-02-29 11111722 frs-bus:FilletedAccounts 2023-01-01 2024-02-29 11111722 frs-bus:SmallEntities 2023-01-01 2024-02-29 11111722 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2024-02-29 11111722 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2024-02-29 11111722 frs-bus:Director1 2023-01-01 2024-02-29 11111722 frs-countries:EnglandWales 2023-01-01 2024-02-29 11111722 2021-12-31 11111722 2022-12-31 11111722 2022-01-01 2022-12-31 11111722 frs-core:CurrentFinancialInstruments 2022-12-31 11111722 frs-core:SharePremium 2022-12-31 11111722 frs-core:ShareCapital 2022-12-31 11111722 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 11111722
NEVITEC INVESTMENT LTD
Unaudited Financial Statements
For the Period 1 January 2023 to 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11111722
29 February 2024 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 407,680 407,680
Investment Properties 5 173,687 173,687
581,367 581,367
CURRENT ASSETS
Stocks 6 37,862 29,215
Debtors 7 143,894 144,394
Cash at bank and in hand 255 414
182,011 174,023
Creditors: Amounts Falling Due Within One Year 8 (783,411 ) (876,066 )
NET CURRENT ASSETS (LIABILITIES) (601,400 ) (702,043 )
TOTAL ASSETS LESS CURRENT LIABILITIES (20,033 ) (120,676 )
NET LIABILITIES (20,033 ) (120,676 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Share premium account 97,871 -
Profit and Loss Account (118,004 ) (120,776 )
SHAREHOLDERS' FUNDS (20,033) (120,676)
Page 1
Page 2
For the period 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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Parmjit Kaur
Director
24/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
NEVITEC INVESTMENT LTD is a private company, limited by shares, incorporated in England & Wales, registered number 11111722 . The registered office is 57, Five Acres Fold, Northampton, England, NN4 8TQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No Depreciation
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL (2022: NIL)
- -
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 January 2023 407,680
As at 29 February 2024 407,680
Net Book Value
As at 29 February 2024 407,680
As at 1 January 2023 407,680
5. Investment Property
29 February 2024
£
Fair Value
As at 1 January 2023 and 29 February 2024 173,687
6. Stocks
29 February 2024 31 December 2022
£ £
Finished goods 37,862 29,215
7. Debtors
29 February 2024 31 December 2022
£ £
Due within one year
Other debtors 143,894 144,394
8. Creditors: Amounts Falling Due Within One Year
29 February 2024 31 December 2022
£ £
Trade creditors (1 ) (1 )
Bank loans and overdrafts 528,466 528,500
Other creditors 254,946 347,567
783,411 876,066
Page 4
Page 5
9. Share Capital
29 February 2024 31 December 2022
£ £
Called Up Share Capital not Paid 100 100
Amount of Allotted, Called Up Share Capital 100 100
Page 5