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REGISTERED NUMBER: 07563661 (England and Wales)















Financial Statements for the Year Ended 31 October 2024

for

Nexus Dmm Limited

Nexus Dmm Limited (Registered number: 07563661)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Nexus Dmm Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: D J Hall





SECRETARY: Mrs J E Hall





REGISTERED OFFICE: 4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY





REGISTERED NUMBER: 07563661 (England and Wales)





ACCOUNTANTS: Geoffrey Cole & Co
4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY

Nexus Dmm Limited (Registered number: 07563661)

Statement of Financial Position
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 45,834 49,501
45,834 49,501

CURRENT ASSETS
Stocks 6,500 7,350
Debtors 6 294,685 359,714
Cash at bank 24,699 35,771
325,884 402,835
CREDITORS
Amounts falling due within one year 7 214,093 271,873
NET CURRENT ASSETS 111,791 130,962
TOTAL ASSETS LESS CURRENT
LIABILITIES

157,625

180,463

CREDITORS
Amounts falling due after more than one
year

8

(6,667

)

(16,667

)

PROVISIONS FOR LIABILITIES (1,768 ) (2,384 )
NET ASSETS 149,190 161,412

CAPITAL AND RESERVES
Called up share capital - 1
Retained earnings 149,190 161,411
149,190 161,412

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Nexus Dmm Limited (Registered number: 07563661)

Statement of Financial Position - continued
31 October 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 1 April 2025 and were signed by:





D J Hall - Director


Nexus Dmm Limited (Registered number: 07563661)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Nexus Dmm 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.

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.

The financial statements have been prepared on a going concern basis, which assumes the company will continue in operational existence, and will be able to meet its liabilities as they fall due, for a period of at least twelve months from the date of approval of 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 33% on cost and 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Nexus Dmm Limited (Registered number: 07563661)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023 13,100
Disposals (13,100 )
At 31 October 2024 -
AMORTISATION
At 1 November 2023 13,100
Eliminated on disposal (13,100 )
At 31 October 2024 -
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2023 40,165 50,220 90,385
Additions - 5,089 5,089
Disposals - (3,338 ) (3,338 )
At 31 October 2024 40,165 51,971 92,136
DEPRECIATION
At 1 November 2023 - 40,884 40,884
Charge for year 4,016 4,740 8,756
Eliminated on disposal - (3,338 ) (3,338 )
At 31 October 2024 4,016 42,286 46,302
NET BOOK VALUE
At 31 October 2024 36,149 9,685 45,834
At 31 October 2023 40,165 9,336 49,501

Nexus Dmm Limited (Registered number: 07563661)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 122,939 175,692
Amounts recoverable on contract - 29,285
Other debtors 135,819 118,809
258,758 323,786

Amounts falling due after more than one year:
Other debtors 35,927 35,928

Aggregate amounts 294,685 359,714

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 112,828 160,921
Taxation and social security 57,123 83,602
Other creditors 34,142 17,350
214,093 271,873

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 6,667 16,667

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31 October 2024 an amount of £134,993 (2023: £110,547) was owed to the company from Mr D J Hall and Mrs J Hall. These amounts had no set repayment terms and were provided interest free. The maximum amount outstanding in the period was £158,957.