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Registered number: 09650538
NSV LIMITED
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 09650538
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 301,000 344,000
Tangible Assets 5 493,885 495,696
794,885 839,696
CURRENT ASSETS
Stocks 6 2,000 2,000
Debtors 7 8,540 14,810
Cash at bank and in hand 90,862 67,129
101,402 83,939
Creditors: Amounts Falling Due Within One Year 8 (84,423 ) (74,063 )
NET CURRENT ASSETS (LIABILITIES) 16,979 9,876
TOTAL ASSETS LESS CURRENT LIABILITIES 811,864 849,572
Creditors: Amounts Falling Due After More Than One Year 9 (690,782 ) (713,390 )
NET ASSETS 121,082 136,182
CAPITAL AND RESERVES
Called up share capital 11 100 100
Income Statement 120,982 136,082
SHAREHOLDERS' FUNDS 121,082 136,182
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For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Dr Nischal Vaidya
Director
07/02/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
NSV LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 09650538 . The registered office is 4 Johnson Drive , Finchampstead , Wokingham, Berkshire, RG40 3NW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income statement over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% straight line
Plant & Machinery 20% straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
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2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was 7 (2023: 5)
7 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 430,000
As at 30 June 2024 430,000
Amortisation
As at 1 July 2023 86,000
Provided during the period 43,000
As at 30 June 2024 129,000
...CONTINUED
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Net Book Value
As at 30 June 2024 301,000
As at 1 July 2023 344,000
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 July 2023 449,423 88,257 537,680
Additions - 31,036 31,036
As at 30 June 2024 449,423 119,293 568,716
Depreciation
As at 1 July 2023 17,977 24,007 41,984
Provided during the period 8,988 23,859 32,847
As at 30 June 2024 26,965 47,866 74,831
Net Book Value
As at 30 June 2024 422,458 71,427 493,885
As at 1 July 2023 431,446 64,250 495,696
6. Stocks
2024 2023
£ £
Finished goods 2,000 2,000
7. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 6,944 8,797
Other debtors - 4,548
NHS debtors 1,596 1,465
8,540 14,810
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,842 4,930
Bank loans and overdrafts 18,766 19,286
Taxation 45,270 35,441
Other taxes and social security 288 -
Associates 11,656 9,180
Accruals and deferred income 2,354 5,226
Directors' loan accounts 2,247 -
84,423 74,063
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Leases and HP> 1 year 13,577 17,419
Bank loans (1-2 years) 36,028 37,026
Bank loans (3-5 years) 50,480 51,879
Bank loans (>5 years) 590,697 607,066
690,782 713,390
10. Secured Creditors
Of the creditors the following amounts are secured. Bank loans are secured by way of fixed and floating charges over the assets of the company and contains a negative pledge.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 17,419 22,349
Bank loans and overdrafts 695,971 715,257
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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