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REGISTERED NUMBER: 09516845 (England and Wales)















NOVATE SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






NOVATE SOLUTIONS LIMITED (REGISTERED NUMBER: 09516845)






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


NOVATE SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: T J Wood
C M Wood





REGISTERED OFFICE: Unit A Chantry House Enderby Road
Whetstone
Leicester
Leicestershire
LE8 6EP





REGISTERED NUMBER: 09516845 (England and Wales)





ACCOUNTANTS: Burrows Scarborough
Sovereign House
12 Warwick Street
Coventry
West Midlands
CV5 6ET

NOVATE SOLUTIONS LIMITED (REGISTERED NUMBER: 09516845)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 90,786 -
Tangible assets 5 49,660 47,409
140,446 47,409

CURRENT ASSETS
Debtors 6 1,049,994 601,727
Prepayments and accrued income 30,188 34,332
Cash at bank and in hand 588,162 502,296
1,668,344 1,138,355
CREDITORS
Amounts falling due within one year 7 1,455,493 890,176
NET CURRENT ASSETS 212,851 248,179
TOTAL ASSETS LESS CURRENT LIABILITIES 353,297 295,588

CREDITORS
Amounts falling due after more than one year 8 (12,500 ) (22,500 )

PROVISIONS FOR LIABILITIES (12,414 ) -

ACCRUALS AND DEFERRED INCOME (6,661 ) (6,498 )
NET ASSETS 321,722 266,590

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 321,622 266,490
SHAREHOLDERS' FUNDS 321,722 266,590

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 directors acknowledge their 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.

NOVATE SOLUTIONS LIMITED (REGISTERED NUMBER: 09516845)

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 January 2025 and were signed on its behalf by:





T J Wood - Director


NOVATE SOLUTIONS LIMITED (REGISTERED NUMBER: 09516845)

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

1. STATUTORY INFORMATION

Novate 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared in accordance with applicable accounting standards including
Financial Reporting Standard 102 The Financial Reporting Standard Applicable in the UK and Republic of
Ireland (FRS 102) including the provisions of Section 1A 'Small Entities' and the Companies Act 2006. The
financial statements have been prepared on a going concern basis under the historical cost convention, modified as necessary to include certain items at fair value.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 7 ) .

NOVATE SOLUTIONS LIMITED (REGISTERED NUMBER: 09516845)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 90,786
At 30 April 2024 90,786
NET BOOK VALUE
At 30 April 2024 90,786

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 109,354
Additions 21,578
At 30 April 2024 130,932
DEPRECIATION
At 1 May 2023 61,945
Charge for year 19,327
At 30 April 2024 81,272
NET BOOK VALUE
At 30 April 2024 49,660
At 30 April 2023 47,409

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 941,099 501,727
Other debtors 108,895 100,000
1,049,994 601,727

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 1,025,950 653,160
Taxation and social security 415,137 218,637
Other creditors 4,406 8,379
1,455,493 890,176

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 12,500 22,500

NOVATE SOLUTIONS LIMITED (REGISTERED NUMBER: 09516845)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
T J Wood
Balance outstanding at start of year - 67,760
Amounts repaid - (67,760 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -