Registration number:
Novell Tullett Limited
for the Year Ended 31 January 2025
Novell Tullett Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Novell Tullett Limited
Company Information
Director |
Jane Fowles |
Registered office |
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Novell Tullett Limited
(Registration number: 06387898)
Balance Sheet as at 31 January 2025
Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current (liabilities)/assets |
( |
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Total assets less current liabilities |
( |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net (liabilities)/assets |
( |
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Capital and reserves |
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Called up share capital |
1,000 |
1,000 |
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Retained earnings |
(23,803) |
36,844 |
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Shareholders' (deficit)/funds |
(22,803) |
37,844 |
For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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Novell Tullett Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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.
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 value added tax, rebates and discounts.
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.
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.
Novell Tullett Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025
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 |
Plant & machinery |
20% Reducing balance |
Goodwill
Acquired goodwill is stated at cost less amortisation.
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 |
Goodwill |
Straight line over 10 years |
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Novell Tullett Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025
Intangible assets |
Goodwill |
Total |
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Cost or valuation |
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At 1 February 2024 |
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At 31 January 2025 |
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Amortisation |
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At 1 February 2024 |
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At 31 January 2025 |
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Carrying amount |
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At 31 January 2025 |
- |
- |
Tangible assets |
Plant and machinery |
Total |
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Cost or valuation |
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At 1 February 2024 |
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At 31 January 2025 |
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Depreciation |
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At 1 February 2024 |
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Charge for the year |
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At 31 January 2025 |
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Carrying amount |
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At 31 January 2025 |
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At 31 January 2024 |
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Debtors |
Current |
2025 |
2024 |
Trade debtors |
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Prepayments |
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Other debtors |
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- |
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Novell Tullett Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025
Creditors |
Creditors: amounts falling due within one year
Note |
2025 |
2024 |
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Due within one year |
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Loans and borrowings |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Creditors: amounts falling due after more than one year
Note |
2025 |
2024 |
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Due after one year |
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Loans and borrowings |
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Share capital |
Allotted, called up and fully paid shares
2025 |
2024 |
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No. |
£ |
No. |
£ |
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1,000 |
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1,000 |
Novell Tullett Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025
Loans and borrowings |
Non-current loans and borrowings
2025 |
2024 |
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Bank borrowings |
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Current loans and borrowings
2025 |
2024 |
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Bank borrowings |
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Bank overdrafts |
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- |
Other borrowings |
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- |
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Related party transactions |
Transactions with the director |
2025 |
At 1 February 2024 |
Advances to director |
Repayments by director |
At 31 January 2025 |
Director's loan account |
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( |
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( |