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Company No: 08883361 (England and Wales)

NYCOM BUSINESS SERVICES LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2025
Pages for filing with the registrar

NYCOM BUSINESS SERVICES LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2025

Contents

NYCOM BUSINESS SERVICES LIMITED

COMPANY INFORMATION

For the financial year ended 30 April 2025
NYCOM BUSINESS SERVICES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 April 2025
DIRECTOR James Edward Swift
REGISTERED OFFICE 8 Horizon Court
Audax Close
York
YO30 4RB
United Kingdom
COMPANY NUMBER 08883361 (England and Wales)
ACCOUNTANT Jones & Co of York Ltd
Wellington House
Aviator Court
York
YO30 4UZ
United Kingdom
NYCOM BUSINESS SERVICES LIMITED

BALANCE SHEET

As at 30 April 2025
NYCOM BUSINESS SERVICES LIMITED

BALANCE SHEET (continued)

As at 30 April 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 56,164 27,210
56,164 27,210
Current assets
Stocks 4 4,791 6,159
Debtors 5 84,400 107,006
Cash at bank and in hand 6 225,836 136,256
315,027 249,421
Creditors: amounts falling due within one year 7 ( 107,045) ( 104,260)
Net current assets 207,982 145,161
Total assets less current liabilities 264,146 172,371
Provision for liabilities 8 0 ( 2,795)
Net assets 264,146 169,576
Capital and reserves
Called-up share capital 9 100 100
Profit and loss account 264,046 169,476
Total shareholder's funds 264,146 169,576

For the financial year ending 30 April 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Nycom Business Services Limited (registered number: 08883361) were approved and authorised for issue by the Director on 17 June 2025. They were signed on its behalf by:

James Edward Swift
Director
NYCOM BUSINESS SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025
NYCOM BUSINESS SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Nycom Business Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 8 Horizon Court, Audax Close, York, YO30 4RB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 - 33 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including the director 6 6

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 May 2024 132,482 132,482
Additions 58,277 58,277
Disposals ( 27,370) ( 27,370)
At 30 April 2025 163,389 163,389
Accumulated depreciation
At 01 May 2024 105,272 105,272
Charge for the financial year 11,019 11,019
Disposals ( 9,066) ( 9,066)
At 30 April 2025 107,225 107,225
Net book value
At 30 April 2025 56,164 56,164
At 30 April 2024 27,210 27,210

4. Stocks

2025 2024
£ £
Stocks 4,791 6,159

5. Debtors

2025 2024
£ £
Trade debtors 80,732 103,340
Other debtors 3,668 3,666
84,400 107,006

6. Cash and cash equivalents

2025 2024
£ £
Cash at bank and in hand 225,836 136,256

7. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 9,362 6,603
Taxation and social security 71,864 73,471
Other creditors 25,819 24,186
107,045 104,260

8. Deferred tax

2025 2024
£ £
At the beginning of financial year ( 2,795) ( 2,942)
Credited to the Statement of Income and Retained Earnings 2,795 147
At the end of financial year 0 ( 2,795)

9. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100