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
Nexus Home & Commercial Ltd
Company Information
for the year ended 31 August 2024
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
Nexus Home & Commercial Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
8,282
10,731
Cash at bank and in hand
13,051
12,261
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
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
Nexus Home & Commercial Ltd
Notes to the Accounts
for the year ended 31 August 2024
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.
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
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
At 31 August 2024
9,898
20,880
1,655
32,433
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
At 31 August 2024
3,070
4,799
413
8,282
At 31 August 2023
3,588
6,399
744
10,731
Nexus Home & Commercial 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
Bank loans and overdrafts
3,020
4,686
Trade creditors
9,311
9,288
Taxes and social security
2,318
23,523
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
(229)
(2,673)
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).