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Registered Number: SC685615
Scotland

 

 

 


Report of the Directors and Unaudited Financial Statements

for the year ended 31 January 2024

for

NOOVO LTD

 
 
 
£
2024
£
   
£
2023
£
Fixed assets 643  1,110 
Current assets 3,505  35,252 
Creditors: amount falling due within one year (3,582) (24,020)
Net current assets/(liabilities) (77) 11,232 
Total assets less current liabilities 566  12,342 
Accrued liabilities (2,218)
Net assets/(liabilities) (1,652) 12,342 
 
Capital and reserves (1,652) 12,342 
 
  1. For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  3. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Nicholas Burden
Director
----------------------------------
Vannessa Joan Keizer
Director

Date approved: 27 March 2025
1
Statutory Information
NOOVO LTD is a private limited company, limited by shares, domiciled in Scotland, registration number SC685615, registration address 18/2 Abercromby Place, Edinburgh, EH3 6LB, Scotland.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings25% Reducing Balance
Computer Equipment33% Straight Line
2.

Tangible fixed assets

Cost or Valuation   Fixtures and Fittings   Computer Equipment   Total
    £   £   £
At 01 February 2023   641    1,106    1,747 
Additions      
At 31 January 2024   641    1,106    1,747 
Depreciation
At 01 February 2023   233    404    637 
Charge for year   102    365    467 
At 31 January 2024   335    769    1,104 
Net book values
Closing balance as at 31 January 2024   306    337    643 
Opening balance as at 01 February 2023   408    702    1,110 

3.

Average number of employees

Average number of employees during the year were 2 (2023: 2).
2