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REGISTERED NUMBER: 06226933 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

NOVEL ENGINEERING CONSULTANTS LTD

NOVEL ENGINEERING CONSULTANTS LTD (REGISTERED NUMBER: 06226933)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NOVEL ENGINEERING CONSULTANTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: I P Todd
I R Thomas





REGISTERED OFFICE: Smith House
George Street
Nailsworth
Stroud
Gloucestershire
GL6 0AG





REGISTERED NUMBER: 06226933 (England and Wales)





ACCOUNTANTS: Shiner Mitchell Fisher & Co Ltd
Smith House
George Street
Nailsworth
Stroud
Gloucestershire
GL6 0AG

NOVEL ENGINEERING CONSULTANTS LTD (REGISTERED NUMBER: 06226933)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,794 589

CURRENT ASSETS
Debtors 5 349,364 477,045
Cash at bank 67,775 164,607
417,139 641,652
CREDITORS
Amounts falling due within one year 6 204,714 384,013
NET CURRENT ASSETS 212,425 257,639
TOTAL ASSETS LESS CURRENT
LIABILITIES

214,219

258,228

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 214,119 258,128
SHAREHOLDERS' FUNDS 214,219 258,228

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by:





I P Todd - Director


NOVEL ENGINEERING CONSULTANTS LTD (REGISTERED NUMBER: 06226933)

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

1. STATUTORY INFORMATION

Novel Engineering Consultants Ltd 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
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. 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.

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 - 33% on cost

Taxation
Taxation for the year comprises current and deferred 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

NOVEL ENGINEERING CONSULTANTS LTD (REGISTERED NUMBER: 06226933)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 10,737
Additions 2,250
At 30 April 2024 12,987
DEPRECIATION
At 1 May 2023 10,148
Charge for year 1,045
At 30 April 2024 11,193
NET BOOK VALUE
At 30 April 2024 1,794
At 30 April 2023 589

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 189,660 328,147
Other debtors 159,704 148,898
349,364 477,045

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 92,065 162,215
Taxation and social security 91,371 209,676
Other creditors 21,278 12,122
204,714 384,013

7. RELATED PARTY DISCLOSURES

During the year the directors made an unsecured interest free loan to the company. The balance owing to the directors at 30th April 2024 was £3,120 (2023 - £1,560).

During the year the company made an unsecured interest free loan to Novel Japan KK, a company with common shareholders and directors. The balance owing to Novel Engineering Consultants Ltd at 30th April 2024 was £67,527 (2023 - £64,468).

8. ULTIMATE CONTROLLING PARTY

The ordinary shares of the company are owned by Novel Engineering Consultants EOT Ltd on behalf of Novel Engineering Consultants Employee Ownership Trust.