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Company registration number: 12794965
NVOR Limited
Unaudited filleted financial statements
31 March 2025
NVOR Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
NVOR Limited
Directors and other information
Directors Mr Sean Butcher (Resigned 22 January 2025)
Mr Claes Bergstedt
Company number 12794965
Registered office 26 Morval Close
Farnborough
Hampshire
GU14 0JF
Accountants Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
NVOR Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of NVOR Limited
Year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of NVOR Limited for the year ended 31 March 2025 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of NVOR Limited, as a body, in accordance with the terms of our engagement letter dated 30 August 2022. Our work has been undertaken solely to prepare for your approval the financial statements of NVOR Limited and state those matters that we have agreed to state to the board of directors of NVOR Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NVOR Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that NVOR Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of NVOR Limited. You consider that NVOR Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of NVOR Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
27 June 2025
NVOR Limited
Statement of financial position
31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 5 1 286
_______ _______
1 286
Current assets
Debtors 6 428 2,851
Cash at bank and in hand 3,675 9,165
_______ _______
4,103 12,016
Creditors: amounts falling due
within one year 7 ( 11,524) ( 5,423)
_______ _______
Net current (liabilities)/assets ( 7,421) 6,593
_______ _______
Total assets less current liabilities ( 7,420) 6,879
_______ _______
Net (liabilities)/assets ( 7,420) 6,879
_______ _______
Capital and reserves
Called up share capital 2,413 2,413
Share premium account 199,639 199,639
Profit and loss account ( 209,472) ( 195,173)
_______ _______
Shareholders (deficit)/funds ( 7,420) 6,879
_______ _______
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 27 June 2025 , and are signed on behalf of the board by:
Mr Claes Bergstedt
Director
Company registration number: 12794965
NVOR Limited
Statement of changes in equity
Year ended 31 March 2025
Called up share capital Share premium account Profit and loss account Total
£ £ £ £
At 1 April 2023 2,413 199,639 ( 102,024) 100,028
Loss for the year ( 93,149) ( 93,149)
_______ _______ _______ _______
Total comprehensive income for the year - - ( 93,149) ( 93,149)
_______ _______ _______ _______
At 31 March 2024 and 1 April 2024 2,413 199,639 ( 195,173) 6,879
Loss for the year ( 14,299) ( 14,299)
_______ _______ _______ _______
Total comprehensive income for the year - - ( 14,299) ( 14,299)
_______ _______ _______ _______
At 31 March 2025 2,413 199,639 ( 209,472) ( 7,420)
_______ _______ _______ _______
NVOR Limited
Notes to the financial statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 26 Morval Close, Farnborough, Hampshire, GU14 0JF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Research and development
Research expenditure is written off in the year in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.
Tangible assets
tangible assets are initially recorded at cost, and are 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 capital and reserves, 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 capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves 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:
Computer equipment - 3 year straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Tangible assets
Computer equipment Total
£ £
Cost
At 1 April 2024 and 31 March 2025 1,173 1,173
_______ _______
Depreciation
At 1 April 2024 887 887
Charge for the year 285 285
_______ _______
At 31 March 2025 1,172 1,172
_______ _______
Carrying amount
At 31 March 2025 1 1
_______ _______
At 31 March 2024 286 286
_______ _______
6. Debtors
2025 2024
£ £
Other debtors 428 2,851
_______ _______
7. Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 107 1,836
Social security and other taxes 150 150
Other creditors 11,267 3,437
_______ _______
11,524 5,423
_______ _______
8. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2025
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Sean Butcher ( 1,000) ( 4,000) ( 5,000)
Mr Claes Bergstedt ( 1,000) ( 4,000) ( 5,000)
_______ _______ _______
( 2,000) ( 8,000) ( 10,000)
_______ _______ _______
2024
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Sean Butcher ( 1,000) - ( 1,000)
Mr Claes Bergstedt ( 1,000) - ( 1,000)
_______ _______ _______
( 2,000) - ( 2,000)
_______ _______ _______