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REGISTERED NUMBER: 10495071 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

NOVO INTERNATIONAL LIMITED

NOVO INTERNATIONAL LIMITED (REGISTERED NUMBER: 10495071)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


NOVO INTERNATIONAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: Ms N Shaibi





REGISTERED OFFICE: BB House
Halfords Lane
Smethwick
West Midlands
B66 1BU





REGISTERED NUMBER: 10495071 (England and Wales)





ACCOUNTANTS: Crombies Accountants Limited
Chartered Accountants
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

NOVO INTERNATIONAL LIMITED (REGISTERED NUMBER: 10495071)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 120,308 116,154
Investment property 5 274,283 -
394,591 116,154

CURRENT ASSETS
Stocks 424,633 217,511
Debtors 6 712,930 218,331
Prepayments and accrued income 11,431 10,128
Cash at bank 451,303 1,939,977
1,600,297 2,385,947
CREDITORS
Amounts falling due within one year 7 956,369 1,545,001
NET CURRENT ASSETS 643,928 840,946
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,038,519

957,100

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,038,419 957,000
SHAREHOLDERS' FUNDS 1,038,519 957,100

NOVO INTERNATIONAL LIMITED (REGISTERED NUMBER: 10495071)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 24 March 2025 and were signed by:





Ms N Shaibi - Director


NOVO INTERNATIONAL LIMITED (REGISTERED NUMBER: 10495071)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Novo International 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.

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.
Fixtures and fittings - 20% on cost
Motor vehicles - 10% on cost
Computer equipment - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

NOVO INTERNATIONAL LIMITED (REGISTERED NUMBER: 10495071)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023 131,606
Additions 19,834
At 30 November 2024 151,440
DEPRECIATION
At 1 December 2023 15,452
Charge for year 15,680
At 30 November 2024 31,132
NET BOOK VALUE
At 30 November 2024 120,308
At 30 November 2023 116,154

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 274,283
At 30 November 2024 274,283
NET BOOK VALUE
At 30 November 2024 274,283

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 134,336 195,081
Other debtors 578,594 23,250
712,930 218,331

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 437,413 958,882
Taxation and social security 80,461 147,660
Other creditors 438,495 438,459
956,369 1,545,001