Registered number
11347676
Nexius Limited
Filleted Accounts
30 April 2024
Nexius Limited
Registered number: 11347676
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,055 2,461
Current assets
Stocks - 431,143
Debtors 4 36,054 19,951
Cash at bank and in hand 4,203 80
40,257 451,174
Creditors: amounts falling due within one year 5 (10,026) (15,669)
Net current assets 30,231 435,505
Total assets less current liabilities 31,286 437,966
Creditors: amounts falling due after more than one year 6 (193,331) (683,741)
Net liabilities (162,045) (245,775)
Capital and reserves
Called up share capital 10 10
Profit and loss account (162,055) (245,785)
Shareholders' funds (162,045) (245,775)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mrs J E Blance
Director
Approved by the board on 09.01.25
Nexius Limited
Notes to the Accounts
for the year ended 30 April 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 represents the net value of work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Motor vehicles 25% reducing balance
Fixtures, fittings, tools and equipment 15% reducing balance
Stocks
Stock is valued at the lower of cost and net relisable value.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 5
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 May 2023 5,000
Disposals (2,500)
At 30 April 2024 2,500
Depreciation
At 1 May 2023 2,539
Charge for the year 352
On disposals (1,446)
At 30 April 2024 1,445
Net book value
At 30 April 2024 1,055
At 30 April 2023 2,461
4 Debtors 2024 2023
£ £
Trade debtors 7,830 5,360
Other debtors 28,224 14,591
36,054 19,951
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 5,202 14,032
Taxation and social security costs 4,210 169
Other creditors 614 1,468
10,026 15,669
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 193,331 683,741
7 Other information
Nexius Limited is a private company limited by shares and incorporated in England. Its registered office is:
Beacon Barn
Sidegate Road
Hopton
Great Yarmouth
NR31 9AL
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