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Company Registration No. 14295277 (England and Wales)
Nova Motorcraft Ltd Unaudited accounts for the year ended 31 August 2024
Nova Motorcraft Ltd Unaudited accounts Contents
Page
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Nova Motorcraft Ltd Company Information for the year ended 31 August 2024
Director
H Bishton
Company Number
14295277 (England and Wales)
Registered Office
S A Accountancy 4 Beaumont Road Church Stretton Shropshire SY6 6BN England
Accountants
S A Acc'y Ltd The Corner House 4 Beaumont Road Church Stretton Shropshire SY6 6BN
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Nova Motorcraft Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,956 
11,674 
Current assets
Inventories
3,000 
10,000 
Debtors
17,127 
528 
Cash at bank and in hand
11,709 
17,868 
31,836 
28,396 
Creditors: amounts falling due within one year
(26,149)
(31,605)
Net current assets/(liabilities)
5,687 
(3,209)
Total assets less current liabilities
25,643 
8,465 
Provisions for liabilities
Deferred tax
(3,792)
- 
Net assets
21,851 
8,465 
Capital and reserves
Called up share capital
101 
101 
Profit and loss account
21,750 
8,364 
Shareholders' funds
21,851 
8,465 
For the year ending 31 August 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 director acknowledges her 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 and authorised for issue on 21 May 2025 and were signed on its behalf by
H Bishton Director Company Registration No. 14295277
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Nova Motorcraft Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Nova Motorcraft Ltd is a private company, limited by shares, registered in England and Wales, registration number 14295277. The registered office is S A Accountancy, 4 Beaumont Road, Church Stretton, Shropshire, SY6 6BN, England.
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.
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:
Plant & machinery
10% per annum reducing balance
Computer equipment
10% per annum reducing balance
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
14,236 
357 
14,593 
Additions
10,500 
- 
10,500 
At 31 August 2024
24,736 
357 
25,093 
Depreciation
At 1 September 2023
2,847 
72 
2,919 
Charge for the year
2,189 
29 
2,218 
At 31 August 2024
5,036 
101 
5,137 
Net book value
At 31 August 2024
19,700 
256 
19,956 
At 31 August 2023
11,389 
285 
11,674 
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Nova Motorcraft Ltd Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
16,694 
528 
Other debtors
433 
- 
17,127 
528 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
2,556 
4,260 
Taxes and social security
5,208 
2,345 
Other creditors
- 
1,069 
Loans from directors
18,385 
23,931 
26,149 
31,605 
7
Average number of employees
During the year the average number of employees was 1 (2023: 2).
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