Registered Number:07827867 |
For the year ended 31 October 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 October 2024
Nova Construct Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Nova Construct Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
16,839
20,535
2
16,839
20,535
Trade and other receivables |
229,975
245,561
3
1
Cash and cash equivalents |
1
245,562
229,976
Trade and other payables: amounts falling due within one year |
(46,876)
(69,769)
4
183,100
175,793
Net current assets
Total assets less current liabilities |
192,632
203,635
Trade and other payables: amounts falling due after more than |
one year |
(203,440)
(192,493)
5
139
Net assets
195
102
100
37
95
139
195
Shareholders' funds
For the year ended 31 October 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 of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Corneliu Ciprian Ghiurcusor Director |
Mr Cristian Macsim Director |
These financial statements were approved and authorised for issue by the Board on 25 March 2025 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 October 2024
Nova Construct Limited
Notes to the Financial Statements
Statutory Information
Nova Construct Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 07827867. |
20-22
Wenlock Road
London
N1 7GU
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have |
been prepared under the historical costs convention as modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
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: |
Plant and machinery
Computer equipment
Motor vehicles
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
2 of 4
For the year ended 31 October 2024
Nova Construct Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
41,467
7,082
25,835
8,550
8,550
25,835
7,082
41,467
Provision for depreciation and impairment |
20,932
1,275
18,118
1,539
Charge for year
3,696
1,046
1,388
1,262
24,628
2,321
19,506
2,801
5,749
6,329
4,761
16,839
7,011
7,717
5,807
20,535
3. Trade and other receivables |
2023
2024
33,580
12,333
211,981
217,642
229,975
245,561
4. Trade and other payables: amounts falling due within one year |
2023
2024
27,634
20,513
Taxation and social security |
19,933
11,363
22,202
15,000
69,769
46,876
5. Trade and other payables: amounts falling due after more than one year |
2023
2024
192,493
203,440
6. Average number of persons employed |
During the year the average number of employees was 4 (2023 : 4)
3 of 4
For the year ended 31 October 2024
Nova Construct Limited
Notes to the Financial Statements Continued
4 of 4