Nanomarketing UK Limited |
Notes to the Accounts |
for the year ended 30 June 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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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). |
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Turnover |
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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. |
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Intangible fixed assets |
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Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
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Tangible fixed assets |
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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: |
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Plant and machinery |
33.3% straight line |
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Foreign currency translation |
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Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
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2 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed by the company |
- |
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- |
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3 |
Intangible fixed assets |
£ |
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Goodwill: |
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Cost |
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At 1 July 2023 |
30,000 |
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At 30 June 2024 |
30,000 |
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Amortisation |
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At 1 July 2023 |
30,000 |
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At 30 June 2024 |
30,000 |
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Net book value |
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At 30 June 2024 |
- |
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Goodwill represents the value of contracts and know-how from the director's previous business that were transferred to the company upon its incorporation. |
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Goodwill is being written off over its estimated life of 10 years. |
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4 |
Tangible fixed assets |
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Plant and machinery etc |
£ |
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Cost |
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At 1 July 2023 |
4,500 |
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At 30 June 2024 |
4,500 |
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Depreciation |
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At 1 July 2023 |
4,500 |
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At 30 June 2024 |
4,500 |
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Net book value |
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At 30 June 2024 |
- |
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5 |
Creditors: amounts falling due within one year |
2024 |
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2023 |
£ |
£ |
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Director current account |
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60,984 |
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73,216 |
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Other creditors |
2,070 |
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920 |
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63,054 |
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74,136 |
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6 |
Controlling party |
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The company is owned in its entirety by its sole director. |
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7 |
Other information |
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Nanomarketing UK Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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7 Farm End |
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Northwood |
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Middlesex |
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HA6 2SN |