Silverfin false false 31/03/2024 01/04/2023 31/03/2024 S Hillier 24/03/2016 A Meredith 24/03/2016 28 November 2024 The principal activity of the company during the financial year was property development. 10084871 2024-03-31 10084871 bus:Director1 2024-03-31 10084871 bus:Director2 2024-03-31 10084871 2023-03-31 10084871 core:CurrentFinancialInstruments 2024-03-31 10084871 core:CurrentFinancialInstruments 2023-03-31 10084871 core:Non-currentFinancialInstruments 2024-03-31 10084871 core:Non-currentFinancialInstruments 2023-03-31 10084871 core:ShareCapital 2024-03-31 10084871 core:ShareCapital 2023-03-31 10084871 core:RetainedEarningsAccumulatedLosses 2024-03-31 10084871 core:RetainedEarningsAccumulatedLosses 2023-03-31 10084871 core:PlantMachinery 2023-03-31 10084871 core:Vehicles 2023-03-31 10084871 core:OfficeEquipment 2023-03-31 10084871 core:PlantMachinery 2024-03-31 10084871 core:Vehicles 2024-03-31 10084871 core:OfficeEquipment 2024-03-31 10084871 core:CostValuation 2023-03-31 10084871 core:AdditionsToInvestments 2024-03-31 10084871 core:CostValuation 2024-03-31 10084871 2023-04-01 2024-03-31 10084871 bus:FilletedAccounts 2023-04-01 2024-03-31 10084871 bus:SmallEntities 2023-04-01 2024-03-31 10084871 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10084871 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10084871 bus:Director1 2023-04-01 2024-03-31 10084871 bus:Director2 2023-04-01 2024-03-31 10084871 core:PlantMachinery 2023-04-01 2024-03-31 10084871 core:Vehicles 2023-04-01 2024-03-31 10084871 core:OfficeEquipment 2023-04-01 2024-03-31 10084871 2022-04-01 2023-03-31 10084871 core:Non-currentFinancialInstruments 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Company No: 10084871 (England and Wales)

NIXOR BUILD LTD

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

NIXOR BUILD LTD

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

NIXOR BUILD LTD

BALANCE SHEET

As at 31 March 2024
NIXOR BUILD LTD

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 65,092 67,590
Investments 4 100 0
65,192 67,590
Current assets
Stocks 5 0 22,364
Debtors 6 138,743 67,496
Cash at bank and in hand 54,635 95,138
193,378 184,998
Creditors: amounts falling due within one year 7 ( 125,950) ( 126,109)
Net current assets 67,428 58,889
Total assets less current liabilities 132,620 126,479
Creditors: amounts falling due after more than one year 8 ( 17,838) ( 28,032)
Provision for liabilities ( 12,367) ( 12,842)
Net assets 102,415 85,605
Capital and reserves
Called-up share capital 2 2
Profit and loss account 102,413 85,603
Total shareholders' funds 102,415 85,605

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Nixor Build Ltd (registered number: 10084871) were approved and authorised for issue by the Board of Directors on 28 November 2024. They were signed on its behalf by:

A Meredith
Director
NIXOR BUILD LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
NIXOR BUILD LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Nixor Build Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 7 Laundry Lane, Keyhaven Road, Milford On Sea, SO41 0WJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Plant and machinery 15 % reducing balance
Vehicles 15 % reducing balance
Office equipment 15 % reducing balance
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 9 7

3. Tangible assets

Plant and machinery Vehicles Office equipment Total
£ £ £ £
Cost
At 01 April 2023 3,036 76,641 2,949 82,626
Additions 0 8,490 0 8,490
At 31 March 2024 3,036 85,131 2,949 91,116
Accumulated depreciation
At 01 April 2023 1,277 12,856 903 15,036
Charge for the financial year 264 10,417 307 10,988
At 31 March 2024 1,541 23,273 1,210 26,024
Net book value
At 31 March 2024 1,495 61,858 1,739 65,092
At 31 March 2023 1,759 63,785 2,046 67,590

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 April 2023 0
Additions 100
At 31 March 2024 100
Carrying value at 31 March 2024 100
Carrying value at 31 March 2023 0

5. Stocks

2024 2023
£ £
Stocks 0 22,364

6. Debtors

2024 2023
£ £
Trade debtors 27,738 59,530
Amounts owed by Group undertakings 104,443 0
Other debtors 6,562 7,966
138,743 67,496

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 9,950 9,707
Trade creditors 43,498 36,259
Corporation tax 8,974 31,080
Other taxation and social security 41,829 22,948
Other creditors 21,699 26,115
125,950 126,109

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 17,838 28,032

There are no amounts included above in respect of which any security has been given by the small entity.