Registered number
12231825
NXM Group Holdings Ltd
Filleted Accounts
30 September 2024
NXM Group Holdings Ltd
Registered number: 12231825
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Current assets
Stocks 6,156 -
Debtors 3 2,431 -
Cash at bank and in hand 1 1
8,588 1
Creditors: amounts falling due within one year 4 (13,932) -
Net current (liabilities)/assets (5,344) 1
Net (liabilities)/assets (5,344) 1
Capital and reserves
Called up share capital 1 1
Profit and loss account (5,345) -
Shareholder's funds (5,344) 1
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Asif Sharif Mohammed
Director
Approved by the board on 4 December 2024
NXM Group Holdings Ltd
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added tax . Turnover includes revenue earned from the rendering of business support 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Debtors 2024 2023
£ £
Trade debtors 1,200 -
Other debtors 1,231 -
2,431 -
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 40 -
Director's account 2,525 -
Accruals and deferred income 900 -
Other creditors 10,467 -
13,932 -
5 Trading name
The company has traded under "Click and Flip" during the current year.
6 Other information
NXM Group Holdings Ltd is a private company limited by shares and incorporated in England. Its registered office is:
International House
10 Beaufort Court
Admirals Way
London
E14 9XL
NXM Group Holdings Ltd 12231825 false 2023-10-01 2024-09-30 2024-09-30 VT Final Accounts July 2024 Mr Asif Sharif Mohammed No description of principal activity 12231825 2022-10-01 2023-09-30 12231825 core:WithinOneYear 2023-09-30 12231825 core:ShareCapital 2023-09-30 12231825 core:RetainedEarningsAccumulatedLosses 2023-09-30 12231825 2023-10-01 2024-09-30 12231825 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12231825 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 12231825 bus:Director40 2023-10-01 2024-09-30 12231825 1 2023-10-01 2024-09-30 12231825 2 2023-10-01 2024-09-30 12231825 countries:England 2023-10-01 2024-09-30 12231825 bus:FRS102 2023-10-01 2024-09-30 12231825 bus:FilletedAccounts 2023-10-01 2024-09-30 12231825 2024-09-30 12231825 core:WithinOneYear 2024-09-30 12231825 core:ShareCapital 2024-09-30 12231825 core:RetainedEarningsAccumulatedLosses 2024-09-30 12231825 2023-09-30 iso4217:GBP xbrli:pure