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REGISTERED NUMBER: 06843891 (England and Wales)



UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

NOVUS RISK SOLUTIONS LIMITED

NOVUS RISK SOLUTIONS LIMITED (REGISTERED NUMBER: 06843891)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NOVUS RISK SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: R A Whyman





REGISTERED OFFICE: Beckwith Barn
Warren Estate
Lordship Road
Chelmsford
Essex
CM1 3WT





REGISTERED NUMBER: 06843891 (England and Wales)





ACCOUNTANTS: Lucentum Business Services Ltd
Beckwith Barn
Warren Estate
Lordship Road
Chelmsford
Essex
CM1 3WT

NOVUS RISK SOLUTIONS LIMITED (REGISTERED NUMBER: 06843891)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 23,052 30,662

CURRENT ASSETS
Debtors 6 162,597 124,326
Cash at bank 125,102 93,939
287,699 218,265
CREDITORS
Amounts falling due within one year 7 264,783 156,368
NET CURRENT ASSETS 22,916 61,897
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,968

92,559

CREDITORS
Amounts falling due after more than one
year

8

3,350

42,243
NET ASSETS 42,618 50,316

CAPITAL AND RESERVES
Called up share capital 1,024 1,024
Capital redemption reserve 20 20
Retained earnings 41,574 49,272
42,618 50,316

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

NOVUS RISK SOLUTIONS LIMITED (REGISTERED NUMBER: 06843891)

BALANCE SHEET - continued
30 APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 December 2024 and were signed by:





R A Whyman - Director


NOVUS RISK SOLUTIONS LIMITED (REGISTERED NUMBER: 06843891)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Novus Risk Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income is recognised at the point the service is provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition
of financial assets and liabilities like trade and other accounts receivable and payable, loans from
banks and other third parties, loans to related parties and investments in non-puttable ordinary
shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each
reporting period for objective evidence of impairment. If objective evidence of impairment is found,
an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the statement of financial
position when there is an enforceable right to set off the recognised amounts and there is an
intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

NOVUS RISK SOLUTIONS LIMITED (REGISTERED NUMBER: 06843891)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 1,957 36,540 13,475 51,972
DEPRECIATION
At 1 May 2023 1,392 7,829 12,089 21,310
Charge for year 85 7,178 347 7,610
At 30 April 2024 1,477 15,007 12,436 28,920
NET BOOK VALUE
At 30 April 2024 480 21,533 1,039 23,052
At 30 April 2023 565 28,711 1,386 30,662

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 153,309 117,111
Directors' current accounts 7,776 827
Prepayments 1,512 6,388
162,597 124,326

NOVUS RISK SOLUTIONS LIMITED (REGISTERED NUMBER: 06843891)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 30,495 33,741
Hire purchase contracts 8,398 8,398
Trade creditors 199,757 80,127
Tax 10,774 3,825
Social security and other taxes 268 -
Pension liability 70 -
VAT 9,147 19,934
Other creditors 2,421 7,143
Accruals and deferred income 3,453 3,200
264,783 156,368

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years - 30,495
Hire purchase contracts 3,350 11,748
3,350 42,243

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at the year end the Director owed the following amounts to the company:

30.4.2430.4.23
££
Mr R Whyman7,776827