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Company Registration No. 10983439 (England and Wales)
NIVAC LIMITED Unaudited accounts for the year ended 30 September 2024
NIVAC LIMITED Unaudited accounts Contents
Page
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NIVAC LIMITED Company Information for the year ended 30 September 2024
Directors
Mathi Prakash Priya Prakash
Company Number
10983439 (England and Wales)
Registered Office
23 Barclay Oval Woodford Green Essex IG8 0PP United Kingdom
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NIVAC LIMITED Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
99 
Investment property
335,000 
356,000 
335,000 
356,099 
Current assets
Cash at bank and in hand
16,653 
7,351 
Creditors: amounts falling due within one year
(112,713)
(111,800)
Net current liabilities
(96,060)
(104,449)
Total assets less current liabilities
238,940 
251,650 
Creditors: amounts falling due after more than one year
(259,008)
(259,001)
Net liabilities
(20,068)
(7,351)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(20,168)
(7,451)
Shareholders' funds
(20,068)
(7,351)
For the year ending 30 September 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by
Mathi Prakash Director Company Registration No. 10983439
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NIVAC LIMITED Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
NIVAC LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10983439. The registered office is 23 Barclay Oval, Woodford Green, Essex, IG8 0PP, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on cost
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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NIVAC LIMITED Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2023
299 
2,680 
2,979 
At 30 September 2024
299 
2,680 
2,979 
Depreciation
At 1 October 2023
200 
2,680 
2,880 
Charge for the year
99 
- 
99 
At 30 September 2024
299 
2,680 
2,979 
Net book value
At 30 September 2024
- 
- 
- 
At 30 September 2023
99 
- 
99 
5
Investment property
2024 
£ 
Fair value at 1 October 2023
356,000 
Net loss from fair value adjustments
(21,000)
At 30 September 2024
335,000 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
813 
- 
Other creditors
1,600 
1,600 
Loans from directors
109,724 
109,624 
Accruals
576 
576 
112,713 
111,800 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
259,008 
259,001 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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