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
Nova Motorcraft Ltd
Company Information
for the year ended 31 August 2024
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
Nova Motorcraft Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
19,956
11,674
Cash at bank and in hand
11,709
17,868
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
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
Nova Motorcraft Ltd
Notes to the Accounts
for the year ended 31 August 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 31 August 2024
24,736
357
25,093
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
At 31 August 2024
19,700
256
19,956
At 31 August 2023
11,389
285
11,674
Nova Motorcraft Ltd
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
2,556
4,260
Taxes and social security
5,208
2,345
Loans from directors
18,385
23,931
7
Average number of employees
During the year the average number of employees was 1 (2023: 2).