IRIS Accounts Production v24.3.0.553 09512590 director 30.3.23 29.3.24 29.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh095125902023-03-29095125902024-03-29095125902023-03-302024-03-29095125902022-03-30095125902022-03-312023-03-29095125902023-03-2909512590ns15:EnglandWales2023-03-302024-03-2909512590ns14:PoundSterling2023-03-302024-03-2909512590ns10:Director12023-03-302024-03-2909512590ns10:PrivateLimitedCompanyLtd2023-03-302024-03-2909512590ns10:SmallEntities2023-03-302024-03-2909512590ns10:AuditExempt-NoAccountantsReport2023-03-302024-03-2909512590ns10:SmallCompaniesRegimeForDirectorsReport2023-03-302024-03-2909512590ns10:SmallCompaniesRegimeForAccounts2023-03-302024-03-2909512590ns10:FullAccounts2023-03-302024-03-2909512590ns10:RegisteredOffice2023-03-302024-03-2909512590ns5:CurrentFinancialInstruments2024-03-2909512590ns5:CurrentFinancialInstruments2023-03-2909512590ns5:Non-currentFinancialInstruments2024-03-2909512590ns5:Non-currentFinancialInstruments2023-03-2909512590ns5:ShareCapital2024-03-2909512590ns5:ShareCapital2023-03-2909512590ns5:RetainedEarningsAccumulatedLosses2024-03-2909512590ns5:RetainedEarningsAccumulatedLosses2023-03-2909512590ns5:PlantMachinery2023-03-302024-03-2909512590ns5:PlantMachinery2023-03-2909512590ns5:PlantMachinery2024-03-2909512590ns5:PlantMachinery2023-03-2909512590ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-2909512590ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-302024-03-2909512590ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-03-2909512590ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-2909512590ns5:CostValuation2023-03-2909512590ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-2909512590ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-29
REGISTERED NUMBER: 09512590 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 March 2024

for

Novo Incident Management Limited

Novo Incident Management Limited (Registered number: 09512590)






Contents of the Financial Statements
for the Year Ended 29 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Novo Incident Management Limited

Company Information
for the Year Ended 29 March 2024







DIRECTOR: J A Allenby





REGISTERED OFFICE: Building 12
Princes Parade
Liverpool
Merseyside
L3 1DL





REGISTERED NUMBER: 09512590 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Novo Incident Management Limited (Registered number: 09512590)

Balance Sheet
29 March 2024

29.3.24 29.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,679,538 1,265,733
Investments 5 50,000 50,000
1,729,538 1,315,733

CURRENT ASSETS
Debtors 6 4,188,692 3,187,388
Cash at bank 321,589 242,460
4,510,281 3,429,848
CREDITORS
Amounts falling due within one year 7 1,760,957 1,216,758
NET CURRENT ASSETS 2,749,324 2,213,090
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,478,862

3,528,823

CREDITORS
Amounts falling due after more than one
year

8

(1,743,429

)

(1,247,838

)

PROVISIONS FOR LIABILITIES (415,475 ) (316,433 )
NET ASSETS 2,319,958 1,964,552

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 2,319,758 1,964,352
2,319,958 1,964,552

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Novo Incident Management Limited (Registered number: 09512590)

Balance Sheet - continued
29 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 March 2025 and were signed by:





J A Allenby - Director


Novo Incident Management Limited (Registered number: 09512590)

Notes to the Financial Statements
for the Year Ended 29 March 2024

1. STATUTORY INFORMATION

Novo Incident Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Novo Incident Management Limited (Registered number: 09512590)

Notes to the Financial Statements - continued
for the Year Ended 29 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 30 March 2023 1,692,602
Additions 751,577
Disposals (130,788 )
At 29 March 2024 2,313,391
DEPRECIATION
At 30 March 2023 426,869
Charge for year 296,390
Eliminated on disposal (89,406 )
At 29 March 2024 633,853
NET BOOK VALUE
At 29 March 2024 1,679,538
At 29 March 2023 1,265,733

Novo Incident Management Limited (Registered number: 09512590)

Notes to the Financial Statements - continued
for the Year Ended 29 March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 30 March 2023 1,173,646
Additions 751,181
At 29 March 2024 1,924,827
DEPRECIATION
At 30 March 2023 176,047
Charge for year 200,265
At 29 March 2024 376,312
NET BOOK VALUE
At 29 March 2024 1,548,515
At 29 March 2023 997,599

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 30 March 2023
and 29 March 2024 50,000
NET BOOK VALUE
At 29 March 2024 50,000
At 29 March 2023 50,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.3.24 29.3.23
£    £   
Trade debtors 3,890,290 2,980,828
Amounts owed by associates 139,899 132,906
Other debtors 158,503 73,654
4,188,692 3,187,388

Novo Incident Management Limited (Registered number: 09512590)

Notes to the Financial Statements - continued
for the Year Ended 29 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.3.24 29.3.23
£    £   
Bank loans and overdrafts 18,175 21,447
Hire purchase contracts 315,208 171,160
Trade creditors 212,311 87,458
Amounts owed to associates 73,419 92,061
Taxation and social security 1,039,700 770,469
Other creditors 102,144 74,163
1,760,957 1,216,758

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.3.24 29.3.23
£    £   
Bank loans 22,757 37,661
Hire purchase contracts 1,720,672 1,210,177
1,743,429 1,247,838

9. RELATED PARTY DISCLOSURES

Included in debtors is £139,898 (2023: £132,905) and included in creditors is £73,419 (2023: £92,061) due from/to companies which share a director with NOVO Incident Management Ltd. All of which are interest free and repayable on demand.