1 April 2023 v2025.5.2 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP137937242023-04-012024-03-31137937242024-03-31137937242023-03-3113793724core:WithinOneYear2024-03-3113793724core:WithinOneYear2023-03-3113793724core:ShareCapital2024-03-3113793724core:ShareCapital2023-03-3113793724core:RetainedEarningsAccumulatedLosses2024-03-3113793724core:RetainedEarningsAccumulatedLosses2023-03-3113793724bus:Director12023-04-012024-03-3113793724bus:RegisteredOffice2023-04-012024-03-3113793724core:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-04-012024-03-31137937242022-04-012023-03-3113793724core:IntangibleAssetsOtherThanGoodwill2023-04-0113793724core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3113793724core:IntangibleAssetsOtherThanGoodwill2023-03-311379372412023-04-012024-03-3113793724countries:EnglandWales2023-04-012024-03-3113793724bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3113793724bus:PrivateLimitedCompanyLtd2023-04-012024-03-3113793724bus:SmallEntities2023-04-012024-03-3113793724bus:FullAccounts2023-04-012024-03-31
Company registration number:
13793724
Novello Healthcare Limited
Unaudited Filleted Financial Statements for the year ended
31 March 2024
Novello Healthcare Limited
Statement of Financial Position
31 March 2024
20242023
Note££
Fixed assets    
Intangible assets 5 -  
314,732
 
Current assets    
Debtors 6
469,772
 
680,681
 
Cash at bank and in hand
26,531
 
16,196
 
496,303
 
696,877
 
Creditors: amounts falling due within one year 7
(456,599
)
(1,246,030
)
Net current assets/(liabilities)
39,704
 
(549,153
)
Total assets less current liabilities 39,704   (234,421 )
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
39,604
 
(234,521
)
Shareholders funds/(deficit)
39,704
 
(234,421
)
For the year ending
31 March 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
23 January 2025
, and are signed on behalf of the board by:
J Couper-Weng
Director
Company registration number:
13793724
Novello Healthcare Limited
Notes to the Financial Statements
Year ended
31 March 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Regus
,
120 Bark Street
,
Bolton
,
BL1 2AX
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Any intangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Development costs
Non-depreciating asset

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
105
(2023:
45.00
).

5 Intangible assets

Other intangible assets
£
Cost  
At
1 April 2023
314,732
 
Additions
258,161
 
Disposals
(572,893
)
At
31 March 2024
-  
Amortisation  
At
1 April 2023
and
31 March 2024
-  
Carrying amount  
At
31 March 2024
-  
At 31 March 2023
314,732
 

6 Debtors

20242023
££
Trade debtors
444,488
 
452,069
 
Other debtors
25,284
 
228,612
 
469,772
 
680,681
 

7 Creditors: amounts falling due within one year

20242023
££
Trade creditors
13,429
 
55,952
 
Amounts owed to group undertakings and undertakings in which the company has a participating interest
(5,600
)
1,154,800
 
Taxation and social security
(23,012
)
100,288
 
Other creditors
471,782
 
(65,010
)
456,599
 
1,246,030