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REGISTERED NUMBER: 07970008 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

FOR

NOVA COLLECTIVE LIMITED

NOVA COLLECTIVE LIMITED (REGISTERED NUMBER: 07970008)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NOVA COLLECTIVE LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2025







DIRECTOR: Miss N Ould





REGISTERED OFFICE: 54 Sun Street
Waltham Abbey
Essex
EN9 1EJ





REGISTERED NUMBER: 07970008 (England and Wales)





ACCOUNTANTS: KNIGHT WHEELER LIMITED
Chartered Accountants
54 Sun Street
Waltham Abbey
Essex
EN9 1EJ

NOVA COLLECTIVE LIMITED (REGISTERED NUMBER: 07970008)

BALANCE SHEET
30 April 2025

2025 2024
Notes £    £   
FIXED ASSETS
Intangible assets 4 284 325
Tangible assets 5 1,229 1,468
1,513 1,793

CURRENT ASSETS
Debtors 6 30,672 45,980
Cash at bank 54,636 86,308
85,308 132,288
CREDITORS
Amounts falling due within one year 7 (10,718 ) (32,905 )
NET CURRENT ASSETS 74,590 99,383
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,103

101,176

CREDITORS
Amounts falling due after more than one
year

8

(1,896

)

(7,103

)

PROVISIONS FOR LIABILITIES (426 ) (426 )
NET ASSETS 73,781 93,647

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 73,780 93,646
SHAREHOLDERS' FUNDS 73,781 93,647

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

NOVA COLLECTIVE LIMITED (REGISTERED NUMBER: 07970008)

BALANCE SHEET - continued
30 April 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 June 2025 and were signed by:





Miss N Ould - Director


NOVA COLLECTIVE LIMITED (REGISTERED NUMBER: 07970008)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2025

1. STATUTORY INFORMATION

Nova Collective Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statement is the Pound Sterling (£) which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the sale of services net of value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Debtors and creditors receivable/ payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

NOVA COLLECTIVE LIMITED (REGISTERED NUMBER: 07970008)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2025

2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and any short term deposits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 May 2024
and 30 April 2025 812
AMORTISATION
At 1 May 2024 487
Amortisation for year 41
At 30 April 2025 528
NET BOOK VALUE
At 30 April 2025 284
At 30 April 2024 325

5. TANGIBLE FIXED ASSETS
Improvements
to
property Equipment Totals
£    £    £   
COST
At 1 May 2024 2,403 9,452 11,855
Additions - 250 250
At 30 April 2025 2,403 9,702 12,105
DEPRECIATION
At 1 May 2024 1,680 8,707 10,387
Charge for year 240 249 489
At 30 April 2025 1,920 8,956 10,876
NET BOOK VALUE
At 30 April 2025 483 746 1,229
At 30 April 2024 723 745 1,468

NOVA COLLECTIVE LIMITED (REGISTERED NUMBER: 07970008)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 672 16,980
Other debtors 30,000 29,000
30,672 45,980

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 5,080 4,954
Tax - 13,360
VAT 111 7,540
Director's current account 3,690 5,214
Accrued expenses 1,837 1,837
10,718 32,905

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans - 1-2 years 1,896 4,954
Bank loans - 2-5 years - 2,149
1,896 7,103

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2025 and 30 April 2024:

2025 2024
£    £   
Miss N Ould
Balance outstanding at start of year - 9,500
Amounts repaid - (9,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -