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Registration number: 14911600

Nivek Holdings Ltd

Director's Report and Unaudited Financial Statements

for the Period from 2 June 2023 to 30 June 2024

 

Nivek Holdings Ltd

(Registration number: 14911600)

Balance Sheet as at 30 June 2024

Note

2024
£

Fixed assets

 

Tangible assets

3

5,766

Investments

4

99

 

5,865

Current assets

 

Cash at bank and in hand

 

30,880

Creditors: Amounts falling due within one year

5

(26,368)

Net current assets

 

4,512

Total assets less current liabilities

 

10,377

Provisions for liabilities

(1,441)

Net assets

 

8,936

Capital and reserves

 

Called up share capital

6

100

Retained earnings

8,836

Shareholders' funds

 

8,936

For the financial period ending 30 June 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 period 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 delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.

These financial statements, which 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 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 21 February 2025
 

.........................................

D P Savereux

Director

 

Nivek Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 2 June 2023 to 30 June 2024

1

Accounting policies

Statutory information

Nivek Holdings Ltd is a private company, limited by shares, domiciled in England and Wales, company number 14911600. The registered office is at Pegasus House, 463a Glossop Road, Sheffield, S10 2QD.

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 were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the 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. Revenue is recognised at the point of service delivery.

Tax

The tax expense for the period comprises current and deferred 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.

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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.

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.

 

Nivek Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 2 June 2023 to 30 June 2024 (continued)

1

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

25% straight line

Motor vehicles

25% straight line

2

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

3

Tangible assets

Fixtures, fittings and equipment
£

Motor vehicles
 £

Total
£

Cost

Additions

2,839

3,700

6,539

At 30 June 2024

2,839

3,700

6,539

Depreciation

Charge for the period

465

308

773

At 30 June 2024

465

308

773

Carrying amount

At 30 June 2024

2,374

3,392

5,766

4

Investments

2024
£

Investments in associates

99

Associates

£

Cost

Additions

99

Carrying amount

At 30 June 2024

99

 

Nivek Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 2 June 2023 to 30 June 2024 (continued)

4

Investments (continued)

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Country of incorporation

Holding

Proportion of voting rights and shares held

2024

Associates

Merching About Ltd

Ordinary

49%

England

DJ Pro Catering Ltd

Ordinary

50%

England

Associates

Merching About Ltd

The principal activity of Merching About Ltd is other amusement and recreation activities.

DJ Pro Catering Ltd

The principal activity of DJ Pro Catering Ltd is event catering activities.

5

Creditors

2024
£

Due within one year

Taxation and social security

1,369

Accruals and deferred income

1,500

Other creditors

23,499

26,368

 

Nivek Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 2 June 2023 to 30 June 2024 (continued)

6

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary Shares of £1 each

88

88

Ordinary A Shares of £1 each

10

10

Ordinary B Shares of £1 each

1

1

Ordinary C Shares of £1 each

1

1

100

100

7

Related party transactions

During the period the director had an interest free loan account with the company. At the balance sheet date the amount owed to the director was £1,400.