NIRVANA SQUARED LIMITED
Statement of financial position
as at 30 June 2024
Intangible assets
12,600
14,700
Tangible assets
26,370
32,091
Cash at bank and in hand
6,388
3,481
Creditors: amounts falling due within one year
(124,163)
(63,863)
Net current liabilities
(112,347)
(55,890)
Total assets less current liabilities
(73,377)
(9,099)
Creditors: amounts falling due after more than one year
(29,559)
(39,839)
Provisions for liabilities
Deferred tax
(3,898)
(4,741)
Net liabilities
(106,834)
(53,679)
Called up share capital
100
100
Profit and loss account
(106,934)
(53,779)
Shareholders' funds
(106,834)
(53,679)
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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 March 2025 and were signed on its behalf by
D Ghai
Director
Company Registration No. 10912884
NIRVANA SQUARED LIMITED
Notes to the Accounts
for the year ended 30 June 2024
NIRVANA SQUARED LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10912884. The registered office is 199 MARSH ROAD, PINNER, HA5 5NE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% per annum reducing balance
Plant & machinery
10% and 25% on Cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
NIRVANA SQUARED LIMITED
Notes to the Accounts
for the year ended 30 June 2024
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 July 2023
17,257
43,452
60,709
At 30 June 2024
17,257
43,452
60,709
At 1 July 2023
1,726
26,892
28,618
Charge for the year
1,725
3,996
5,721
At 30 June 2024
3,451
30,888
34,339
At 30 June 2024
13,806
12,564
26,370
At 30 June 2023
15,531
16,560
32,091
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,000
3,463
Trade creditors
14,529
14,705
Taxes and social security
9,193
5,631
Loans from directors
93,441
38,369
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 4 (2023: 8).