Registered number
13368074
NEXUS CONTRACTORS LTD
Filleted Accounts
30 April 2024
NEXUS CONTRACTORS LTD
Registered number: 13368074
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 17,399 738
Current assets
Stocks 1,276 23
Debtors 4 17,447 19,991
Cash at bank and in hand 9,850 1,929
28,573 21,943
Creditors: amounts falling due within one year 5 (25,432) (14,579)
Net current assets 3,141 7,364
Total assets less current liabilities 20,540 8,102
Creditors: amounts falling due after more than one year 6 (15,524) (8,700)
Net assets/(liabilities) 5,016 (598)
Capital and reserves
Called up share capital 100 100
Profit and loss account 4,916 (698)
Shareholders' funds 5,016 (598)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Umair Aziz NAIM
Director
Approved by the board on 19 February 2025
NEXUS CONTRACTORS LTD
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 18% Reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 1,230 - 1,230
Additions - 20,480 20,480
At 30 April 2024 1,230 20,480 21,710
Depreciation
At 1 May 2023 492 - 492
Charge for the year 133 3,686 3,819
At 30 April 2024 625 3,686 4,311
Net book value
At 30 April 2024 605 16,794 17,399
At 30 April 2023 738 - 738
4 Debtors 2024 2023
£ £
Trade debtors 2,796 5,340
Other debtors 14,651 14,651
17,447 19,991
5 Creditors: amounts falling due within one year 2024 2023
£ £
Accrual 1,984 -
Trade creditors - 664
Taxation and social security costs 11,310 7,693
Other creditors 12,138 6,222
25,432 14,579
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 8,700 8,700
Obligations under finance lease and hire purchase contracts 6,824 -
15,524 8,700
7 Other information
NEXUS CONTRACTORS LTD is a private company limited by shares and incorporated in England. Its registered office is:
15 Lea Court Heaton Moor Road
Stockport
SK4 4PZ
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