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Company Registration No. SC585264 (Scotland)
I Am Nomad Ltd. Unaudited accounts for the year ended 31 January 2025
I Am Nomad Ltd. Unaudited accounts Contents
Page
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I Am Nomad Ltd. Company Information for the year ended 31 January 2025
Director
Mrs. Claire Johnston
Company Number
SC585264 (Scotland)
Registered Office
2 Regent Place Parkhall Clydebank West Dunbartonshire G81 3SG Scotland
Accountants
Poise Accountancy Ltd. 2 Regent Place Clydebank G81 3SG
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I Am Nomad Ltd. Statement of financial position as at 31 January 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
806 
1,230 
Current assets
Inventories
- 
6,920 
Debtors
15,000 
6,586 
Cash at bank and in hand
(460)
1,244 
14,540 
14,750 
Creditors: amounts falling due within one year
(5,652)
(802)
Net current assets
8,888 
13,948 
Total assets less current liabilities
9,694 
15,178 
Creditors: amounts falling due after more than one year
(100,775)
(86,805)
Net liabilities
(91,081)
(71,627)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(91,082)
(71,628)
Shareholders' funds
(91,081)
(71,627)
For the year ending 31 January 2025 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 4 June 2025 and were signed on its behalf by
Mrs. Claire Johnston Director Company Registration No. SC585264
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I Am Nomad Ltd. Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
I Am Nomad Ltd. is a private company, limited by shares, registered in Scotland, registration number SC585264. The registered office is 2 Regent Place, Parkhall, Clydebank, West Dunbartonshire, G81 3SG, Scotland.
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
Over 3 years, on a reducing balance basis, calculated daily
Computer equipment
Over 2 years, on a reducing balance basis, calculated daily
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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I Am Nomad Ltd. Notes to the Accounts for the year ended 31 January 2025
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2024
117 
4,000 
1,302 
5,419 
At 31 January 2025
117 
4,000 
1,302 
5,419 
Depreciation
At 1 February 2024
103 
2,870 
1,216 
4,189 
Charge for the year
5 
376 
43 
424 
At 31 January 2025
108 
3,246 
1,259 
4,613 
Net book value
At 31 January 2025
9 
754 
43 
806 
At 31 January 2024
14 
1,130 
86 
1,230 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
6,586 
Other debtors
15,000 
- 
15,000 
6,586 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
(799)
668 
Trade creditors
365 
- 
Taxes and social security
6,086 
134 
5,652 
802 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Loans from directors
100,775 
86,805 
8
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
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I Am Nomad Ltd. Notes to the Accounts for the year ended 31 January 2025
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Loan from director
(86,805)
(13,970)
- 
(100,775)
(86,805)
(13,970)
- 
(100,775)
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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