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Registered number
05797476
500nits Ltd
Unaudited Accounts
for the year ended
30 April 2024
500nits Ltd
Balance Sheet
as at 30 April 2024
Notes
2024
£
2023
£
Current assets
Debtors 3 456 0
Cash at bank and in hand 0 15,385
456 15,385
Creditors: amounts falling due within one year 4 (5,117) (10,986)
Net current assets / (liabilities) (4,661) 4,399
Total assets less current liabilities (4,661) 4,399
Provisions for liabilities (0) (0)
Accruals and deferred income (904) (904)
Total net assets (liabilities) (5,565) 3,495
Capital and reserves
Called up share capital 5 1 1
Profit and loss account (5,566) 3,494
Shareholders' funds (5,565) 3,495

500nits Ltd
Balance Sheet
as at 30 April 2024



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 30 April 2024 the company was entitled to exemption 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.

Signed on behalf of the board of directors

...............................

Mr E Ceccarelli

Director


Approved by the board on 21 January 2025

Company Number: 05797476 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

Penthouse 4 Portman Mansions Block 2
Chiltern Street
London
W1U 6NR
United Kingdom

500nits Ltd
Notes to the Accounts
for the year ended 30 April 2024

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Going concern basis
The company is funded by an overdraft. The director has considered the next 12 months and due to the bank's continued support by way of the overdraft, the director has considered it appropriate to prepare the financial statements on the going concern basis.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.
Foreign currencies
Transactions in foreign currencies other than the functional currency of the company are recorded at the rate of exchange on the date the transaction occurred. Monetary assets and liabilities in foreign currencies are translated at the rates prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items measured at historic cost in a foreign currency are recorded at that historic value.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares that are measured at fair value. Derivative financial instruments are initially recorded at cost and thereafter at fair value. All changes in fair value are recognised in the profit or loss account in the period in which they occurred.
2. Employees
2024 2023
Average number of employees during the period 1 1

3. Debtors
2024 2023
£ £
Other debtors 456 0
456 0

4. Creditors: amounts falling due within one year
2024 2023
£ £
Bank Loans & Overdrafts 5,089 0
Taxation & social security 0 456
Other creditors 28 10,530
5,117 10,986

5. Share capital
2024 2023
£ £
Allotted, called up and fully paid:
1 (2023: 1) Ordinary shares of £1.00 each 1 1
1 1