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Company Registration No. 09227846 (England and Wales)
Novo Praxis Limited Unaudited accounts for the year ended 30 September 2024
Novo Praxis Limited Unaudited accounts Contents
Page
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Novo Praxis Limited Company Information for the year ended 30 September 2024
Directors
Mr M Sarda Mrs V Sarda
Company Number
09227846 (England and Wales)
Registered Office
13 SEVERN DRIVE UPMINSTER ESSEX RM14 1SN
Accountants
Confidential Accounting Management Limited 88 Corbets Tey Road Upminster Essex RM14 2BA
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Novo Praxis Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
166,454 
28,017 
Investments
6,000 
6,000 
172,454 
34,017 
Current assets
Cash at bank and in hand
10 
19 
Creditors: amounts falling due within one year
(243,937)
(77,239)
Net current liabilities
(243,927)
(77,220)
Total assets less current liabilities
(71,473)
(43,203)
Creditors: amounts falling due after more than one year
(5,333)
(9,333)
Net liabilities
(76,806)
(52,536)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(76,808)
(52,538)
Shareholders' funds
(76,806)
(52,536)
For the year ending 30 September 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 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 of Directors and authorised for issue on 17 February 2025 and were signed on its behalf by
Mr M Sarda Director Company Registration No. 09227846
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Novo Praxis Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Novo Praxis Limited is a private company, limited by shares, registered in England and Wales, registration number 09227846. The registered office is 13 SEVERN DRIVE, UPMINSTER, ESSEX, RM14 1SN.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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:
Fixtures & fittings
20% reducing Balance
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2023
- 
35,021 
35,021 
Additions
144,040 
- 
144,040 
At 30 September 2024
144,040 
35,021 
179,061 
Depreciation
At 1 October 2023
- 
7,004 
7,004 
Charge for the year
- 
5,603 
5,603 
At 30 September 2024
- 
12,607 
12,607 
Net book value
At 30 September 2024
144,040 
22,414 
166,454 
At 30 September 2023
- 
28,017 
28,017 
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Novo Praxis Limited Notes to the Accounts for the year ended 30 September 2024
5
Investments
Other investments 
£ 
Valuation at 1 October 2023
6,000 
Valuation at 30 September 2024
6,000 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,000 
4,000 
Trade creditors
500 
500 
Taxes and social security
(253)
- 
Loans from directors
239,690 
72,739 
243,937 
77,239 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
5,333 
9,333 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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