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NU DIRECTION LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST MAY 2023 TO 5TH APRIL 2024






NU DIRECTION LLP (REGISTERED NUMBER: OC311697)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST MAY 2023 TO 5TH APRIL 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 6

NU DIRECTION LLP

GENERAL INFORMATION
FOR THE PERIOD 1ST MAY 2023 TO 5TH APRIL 2024







DESIGNATED MEMBERS: J M Archer
L K Archer





REGISTERED OFFICE: First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN





REGISTERED NUMBER: OC311697 (England and Wales)





ACCOUNTANTS: HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN

NU DIRECTION LLP (REGISTERED NUMBER: OC311697)

BALANCE SHEET
5TH APRIL 2024

5/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 167 221
167 221

CURRENT ASSETS
Debtors 6 120 1,392
Cash at bank 2,033 729
2,153 2,121
CREDITORS
Amounts falling due within one year 7 1,786 1,766
NET CURRENT ASSETS 367 355
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

534

576

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

534

576

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 534 576

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 5th April 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

NU DIRECTION LLP (REGISTERED NUMBER: OC311697)

BALANCE SHEET - continued
5TH APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 27th January 2025 and were signed by:





J M Archer - Designated member

NU DIRECTION LLP (REGISTERED NUMBER: OC311697)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST MAY 2023 TO 5TH APRIL 2024

1. STATUTORY INFORMATION

Nu Direction LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents sale of goods as a gross figure, less an adjustment for flat rate VAT at the flat rate scheme percentage of 7.5%.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

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.

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

3. EMPLOYEE INFORMATION

The average number of employees during the period was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2023
and 5th April 2024 30,491
AMORTISATION
At 1st May 2023
and 5th April 2024 30,491
NET BOOK VALUE
At 5th April 2024 -
At 30th April 2023 -

NU DIRECTION LLP (REGISTERED NUMBER: OC311697)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST MAY 2023 TO 5TH APRIL 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st May 2023
and 5th April 2024 3,101 12,427 15,528
DEPRECIATION
At 1st May 2023 2,949 12,358 15,307
Charge for period 37 17 54
At 5th April 2024 2,986 12,375 15,361
NET BOOK VALUE
At 5th April 2024 115 52 167
At 30th April 2023 152 69 221

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5/4/24 30/4/23
£    £   
Trade debtors 120 1,392

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5/4/24 30/4/23
£    £   
Trade creditors - 124
VAT 526 382
Accrued expenses 1,260 1,260
1,786 1,766

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members' capital is repayable on retirement from the LLP. in the event of a winding up, members' capital would rank unsecured creditors.

ACCOUNTANTS' REPORT TO THE MEMBERS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
NU DIRECTION LLP

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Nu Direction LLP for the period ended 5th April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Nu Direction LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Nu Direction LLP and state those matters that we have agreed to state to the members of Nu Direction LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nu Direction LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Nu Direction LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Nu Direction LLP. You consider that Nu Direction LLP is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Nu Direction LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN


27th January 2025