NOVA EXPRESS LIMITED

Company Registration Number:
05439554 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2024

Period of accounts

Start date: 01 October 2023

End date: 30 September 2024

NOVA EXPRESS LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2024

Balance sheet
Notes

NOVA EXPRESS LIMITED

Balance sheet

As at 30 September 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 1,769 3,538
Tangible assets: 4 2,871,255 2,386,229
Total fixed assets: 2,873,024 2,389,767
Current assets
Debtors:   1,511,649 1,603,028
Cash at bank and in hand: 22,672 80,272
Total current assets: 1,534,321 1,683,300
Creditors: amounts falling due within one year: 5 (1,846,842) (1,717,468)
Net current assets (liabilities): (312,521) (34,168)
Total assets less current liabilities: 2,560,503 2,355,599
Creditors: amounts falling due after more than one year: 6 (876,164) (871,776)
Provision for liabilities: (249,866) (199,866)
Total net assets (liabilities): 1,434,473 1,283,957
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 1,434,472 1,283,956
Shareholders funds: 1,434,473 1,283,957

The notes form part of these financial statements

NOVA EXPRESS LIMITED

Balance sheet statements

For the year ending 30 September 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 June 2025
and signed on behalf of the board by:

Name: Mr J Richardson
Status: Director

The notes form part of these financial statements

NOVA EXPRESS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods) the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows Plant and machinery 25% reducing balance Motor vehicles 25% reducing balance Equipment 25% reducing balance

Intangible fixed assets and amortisation policy

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably. Amortisation Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows: Goodwill Amortised over its useful life of 0 years Software 25% straight line If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

NOVA EXPRESS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

2. Employees

2024 2023
Average number of employees during the period 45 46

NOVA EXPRESS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Intangible Assets

Total
Cost £
At 01 October 2023 74,191
At 30 September 2024 74,191
Amortisation
At 01 October 2023 70,653
Charge for year 1,769
At 30 September 2024 72,422
Net book value
At 30 September 2024 1,769
At 30 September 2023 3,538

NOVA EXPRESS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Tangible Assets

Total
Cost £
At 01 October 2023 4,005,379
Additions 1,373,657
Disposals (503,695)
At 30 September 2024 4,875,341
Depreciation
At 01 October 2023 1,619,150
Charge for year 665,317
On disposals (280,381)
At 30 September 2024 2,004,086
Net book value
At 30 September 2024 2,871,255
At 30 September 2023 2,386,229

NOVA EXPRESS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Creditors: amounts falling due within one year note

Bank Loans and overdrafts 523734 555699 Trade Creditors 412509 447993 Amounts owed to group undertakings 9985 9985 Corporation tax 7092 894 Social security and other taxes 125218 62932 Other creditors 768304 639965 Totals 1846842 1717468

NOVA EXPRESS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

6. Creditors: amounts falling due after more than one year note

Other creditors 876164 871776