Nefila Limited 03751698 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is exploiting biomimetic silk and spinning. The company also provides advisory and consultancy services for several small bio-nano-polymer start-up companies as well as research activities at the biomedical laboratories at the University of Oxford. Digita Accounts Production Advanced 6.30.9574.0 true true 03751698 2023-05-01 2024-04-30 03751698 2024-04-30 03751698 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 03751698 core:PatentsTrademarksLicencesConcessionsSimilar 2024-04-30 03751698 core:LandBuildings core:ShortLeaseholdAssets 2024-04-30 03751698 core:OtherPropertyPlantEquipment 2024-04-30 03751698 bus:SmallEntities 2023-05-01 2024-04-30 03751698 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 03751698 bus:FilletedAccounts 2023-05-01 2024-04-30 03751698 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 03751698 bus:RegisteredOffice 2023-05-01 2024-04-30 03751698 bus:CompanySecretary1 2023-05-01 2024-04-30 03751698 bus:Director1 2023-05-01 2024-04-30 03751698 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03751698 core:PatentsTrademarksLicencesConcessionsSimilar 2023-05-01 2024-04-30 03751698 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 03751698 core:LandBuildings core:ShortLeaseholdAssets 2023-05-01 2024-04-30 03751698 core:LeaseholdImprovements 2023-05-01 2024-04-30 03751698 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 03751698 core:OtherRelatedParties 2023-05-01 2024-04-30 03751698 countries:England 2023-05-01 2024-04-30 03751698 2023-04-30 03751698 core:PatentsTrademarksLicencesConcessionsSimilar 2023-04-30 03751698 core:LandBuildings core:ShortLeaseholdAssets 2023-04-30 03751698 core:OtherPropertyPlantEquipment 2023-04-30 03751698 2022-05-01 2023-04-30 03751698 2023-04-30 03751698 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 03751698 core:PatentsTrademarksLicencesConcessionsSimilar 2023-04-30 03751698 core:LandBuildings core:ShortLeaseholdAssets 2023-04-30 03751698 core:OtherPropertyPlantEquipment 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 03751698

Nefila Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Nefila Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Nefila Limited

Company Information

Director

Dr. Fritz Vollrath

Company secretary

Mrs Leslie Scott

Registered office

80-83 Long Lane
London
EC1A 9ET

Accountants

Carbon Accountancy Limited
Chartered Accountants
80-83 Long Lane
London
EC1A 9ET

 

Nefila Limited

(Registration number: 03751698)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

6,961

7,368

Tangible assets

5

6,245

6,886

 

13,206

14,254

Current assets

 

Cash at bank and in hand

 

43,035

40,850

Creditors: Amounts falling due within one year

6

(10,904)

(9,981)

Net current assets

 

32,131

30,869

Net assets

 

45,337

45,123

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

45,335

45,121

Shareholders' funds

 

45,337

45,123

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 January 2025
 

.........................................
Dr. Fritz Vollrath
Director

 

Nefila Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
80-83 Long Lane
London
EC1A 9ET
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Nefila Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

2

Accounting policies (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

20% on reducing balance

Leashold improvements

over 20 years

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Patent

5% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Nefila Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

2

Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Intangible assets

Trademarks, patents and licenses
 £

Total
£

Cost or valuation

At 1 May 2023

8,138

8,138

At 30 April 2024

8,138

8,138

Amortisation

At 1 May 2023

770

770

Amortisation charge

407

407

At 30 April 2024

1,177

1,177

Carrying amount

At 30 April 2024

6,961

6,961

At 30 April 2023

7,368

7,368

 

Nefila Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

4

Intangible assets (continued)

The aggregate amount of research and development expenditure recognised as an expense during the period is £2,700 (2023 - £2,940).
 

5

Tangible assets

Short leasehold land and buildings
£

Other tangible assets
 £

Total
£

Cost or valuation

At 1 May 2023

6,696

12,286

18,982

At 30 April 2024

6,696

12,286

18,982

Depreciation

At 1 May 2023

1,340

10,756

12,096

Charge for the year

335

306

641

At 30 April 2024

1,675

11,062

12,737

Carrying amount

At 30 April 2024

5,021

1,224

6,245

At 30 April 2023

5,356

1,530

6,886

Included within the net book value of land and buildings above is £5,021 (2023 - £5,356) in respect of short leasehold land and buildings.
 

 

Nefila Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

1,936

Accruals and deferred income

2,173

2,173

Other creditors

8,731

5,872

10,904

9,981

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

       

8

Related party transactions

Summary of transactions with other related parties


Other creditors at the year-end represented £8,731 due to director. The loan is interest free and repayable on demand.