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Registered number: 13524780
Novavita Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Enterprise Chartered Certified Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13524780
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,242,470 1,126,686
1,242,470 1,126,686
CURRENT ASSETS
Debtors 6 3,423 3,436
Investments 7 1,158,537 1,152,537
Cash at bank and in hand 56,044 17,729
1,218,004 1,173,702
Creditors: Amounts Falling Due Within One Year 8 (85,213 ) (61,374 )
NET CURRENT ASSETS (LIABILITIES) 1,132,791 1,112,328
TOTAL ASSETS LESS CURRENT LIABILITIES 2,375,261 2,239,014
Creditors: Amounts Falling Due After More Than One Year 9 (2,100,000 ) (2,000,000 )
NET ASSETS 275,261 239,014
CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair Value Reserve 11 278,346 278,346
Profit and Loss Account (3,185 ) (39,432 )
SHAREHOLDERS' FUNDS 275,261 239,014
Page 1
Page 2
For the year ending 31 July 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mark Husler
Director
28/03/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Novavita Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13524780 . The registered office is 49 Low Street Haxey, Doncaster, DN9 2LE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not Depreciated
Leasehold Not Depreciated
Motor Vehicles 25% Reducing Balance
Computer Equipment 3 Year Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
5. Tangible Assets
Land & Property
Freehold Motor Vehicles Computer Equipment Total
£ £ £ £
Cost or Valuation
As at 1 August 2023 1,125,478 - 3,623 1,129,101
Additions 62,619 62,141 - 124,760
As at 31 July 2024 1,188,097 62,141 3,623 1,253,861
Depreciation
As at 1 August 2023 - - 2,415 2,415
Provided during the period - 7,768 1,208 8,976
As at 31 July 2024 - 7,768 3,623 11,391
Net Book Value
As at 31 July 2024 1,188,097 54,373 - 1,242,470
As at 1 August 2023 1,125,478 - 1,208 1,126,686
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Page 4
6. Debtors
2024 2023
£ £
Due within one year
Amounts owed by participating interests 2,423 2,436
Other debtors 1,000 1,000
3,423 3,436
7. Current Asset Investments
2024 2023
£ £
Short term deposits 1,158,537 1,152,537
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 84,192 59,672
Taxation and social security 1,021 1,702
85,213 61,374
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 2,100,000 2,000,000
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Reserves
Fair Value Reserve
£
As at 1 August 2023 278,346
As at 31 July 2024 278,346
12. Ultimate Controlling Party
The company's ultimate controlling party is M Husler by virtue of his ownership of 100% of the issued share capital in the company.
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