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Company Registration No. 10924672 (England and Wales)
Nexus Home & Commercial Ltd Unaudited accounts for the year ended 31 August 2024
Nexus Home & Commercial Ltd Unaudited accounts Contents
Page
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Nexus Home & Commercial Ltd Company Information for the year ended 31 August 2024
Director
Michael Williams
Company Number
10924672 (England and Wales)
Registered Office
45 Brython Drive St Mellons Cardiff CF30LR
Accountants
Web Accounts Ltd Abernantglas Farm Glanamman Ammanford Carmarthenshire SA18 2YG
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Nexus Home & Commercial Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,282 
10,731 
Current assets
Inventories
37,000 
29,650 
Debtors
630 
5,021 
Cash at bank and in hand
13,051 
12,261 
50,681 
46,932 
Creditors: amounts falling due within one year
(44,392)
(50,236)
Net current assets/(liabilities)
6,289 
(3,304)
Total assets less current liabilities
14,571 
7,427 
Creditors: amounts falling due after more than one year
(27,497)
(6,642)
Net (liabilities)/assets
(12,926)
785 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(12,927)
784 
Shareholders' funds
(12,926)
785 
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 his 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 30 May 2025 and were signed on its behalf by
Michael Williams Director Company Registration No. 10924672
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Nexus Home & Commercial Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Nexus Home & Commercial Ltd is a private company, limited by shares, registered in England and Wales, registration number 10924672. The registered office is 45 Brython Drive, St Mellons, Cardiff, CF30LR.
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
20% straight line
Motor vehicles
20% straight line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2023
9,392 
20,880 
1,655 
31,927 
Additions
506 
- 
- 
506 
At 31 August 2024
9,898 
20,880 
1,655 
32,433 
Depreciation
At 1 September 2023
5,804 
14,481 
911 
21,196 
Charge for the year
1,024 
1,600 
331 
2,955 
At 31 August 2024
6,828 
16,081 
1,242 
24,151 
Net book value
At 31 August 2024
3,070 
4,799 
413 
8,282 
At 31 August 2023
3,588 
6,399 
744 
10,731 
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Nexus Home & Commercial Ltd Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
4,391 
Other debtors
630 
630 
630 
5,021 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,020 
4,686 
VAT
4,005 
8,239 
Trade creditors
9,311 
9,288 
Taxes and social security
2,318 
23,523 
Other creditors
21,238 
- 
Accruals
4,500 
4,500 
44,392 
50,236 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
6,040 
9,315 
Other creditors
21,686 
- 
Loans from directors
(229)
(2,673)
27,497 
6,642 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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