2023-11-012024-10-312024-10-31false12319835NOVA FLUID MECHANICS 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NOVA FLUID MECHANICS LTD

Registered Number
12319835
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

NOVA FLUID MECHANICS LTD
Company Information
for the year from 1 November 2023 to 31 October 2024

Directors

BAGNARA, Anna
HANKIN, David Andrew, Dr.
KRAJCOVIC, Tomas

Registered Address

4 Vicarage Road
Teddington
TW11 8EZ

Registered Number

12319835 (England and Wales)
NOVA FLUID MECHANICS LTD
Balance Sheet as at
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets38,16210,880
8,16210,880
Current assets
Debtors485,967151,497
Cash at bank and on hand138,94478,158
224,911229,655
Creditors amounts falling due within one year5(84,859)(80,138)
Net current assets (liabilities)140,052149,517
Total assets less current liabilities148,214160,397
Net assets148,214160,397
Capital and reserves
Called up share capital33
Profit and loss account148,211160,394
Shareholders' funds148,214160,397
The financial statements were approved and authorised for issue by the Board of Directors on 29 January 2025, and are signed on its behalf by:
KRAJCOVIC, Tomas
Director
Registered Company No. 12319835
NOVA FLUID MECHANICS LTD
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery5
Fixtures and fittings10
Vehicles4
Office Equipment4
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 November 2335,593
Additions3,891
At 31 October 2439,067
Depreciation and impairment
At 01 November 2324,713
Charge for year6,609
At 31 October 2430,905
Net book value
At 31 October 248,162
At 31 October 2310,880
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables78,703151,335
Other debtors-159
Prepayments and accrued income7,2643
Total85,967151,497
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables69,55649,079
Taxation and social security15,30331,059
Total84,85980,138
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.