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Company Registration No. 10429262 (England and Wales)
Nectar Hr Limited Unaudited accounts for the year ended 31 October 2024
Nectar Hr Limited Unaudited accounts Contents
Page
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Nectar Hr Limited Company Information for the year ended 31 October 2024
Director
Sharandeep Kaur Rai
Company Number
10429262 (England and Wales)
Registered Office
Asan The Workspace Nectar Hr Asan The Workspace, All Saints Road Wolverhampton WV2 1EJ England
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Nectar Hr Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
59,123 
88,475 
Current assets
Debtors
79,593 
71,870 
Cash at bank and in hand
90,963 
19,129 
170,556 
90,999 
Creditors: amounts falling due within one year
(185,513)
(170,543)
Net current liabilities
(14,957)
(79,544)
Net assets
44,166 
8,931 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
44,165 
8,930 
Shareholders' funds
44,166 
8,931 
For the year ending 31 October 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 17 March 2025 and were signed on its behalf by
Sharandeep Kaur Rai Director Company Registration No. 10429262
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Nectar Hr Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Nectar Hr Limited is a private company, limited by shares, registered in England and Wales, registration number 10429262. The registered office is Asan The Workspace Nectar Hr Asan, The Workspace,, All Saints Road, Wolverhampton, WV2 1EJ, England.
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
25% on SL
Fixtures & fittings
25% on SL
Computer equipment
33% on SL
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2023
112,099 
8,390 
2,616 
123,105 
Additions
- 
804 
450 
1,254 
At 31 October 2024
112,099 
9,194 
3,066 
124,359 
Depreciation
At 1 November 2023
28,025 
4,258 
2,347 
34,630 
Charge for the year
28,025 
2,221 
360 
30,606 
At 31 October 2024
56,050 
6,479 
2,707 
65,236 
Net book value
At 31 October 2024
56,049 
2,715 
359 
59,123 
At 31 October 2023
84,074 
4,132 
269 
88,475 
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Nectar Hr Limited Notes to the Accounts for the year ended 31 October 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
49,453 
23,321 
Other debtors
30,140 
48,549 
79,593 
71,870 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
34,379 
43,398 
VAT
39,483 
22,850 
Obligations under finance leases and hire purchase contracts
85,670 
99,204 
Taxes and social security
24,950 
3,428 
Other creditors
851 
- 
Loans from directors
- 
368 
Accruals
180 
1,295 
185,513 
170,543 
7
Average number of employees
During the year the average number of employees was 7 (2023: 7).
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