Registered number
11074352
NuUnlimited Limited
Unaudited Filleted Accounts
31 December 2023
NuUnlimited Limited
Registered number: 11074352
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 4 40,500 16,500
Current assets
Debtors 5 - 26,032
Cash at bank and in hand 5,437 2,132
5,437 28,164
Creditors: amounts falling due within one year 6 (710,357) (908,474)
Net current liabilities (704,920) (880,310)
Total assets less current liabilities (664,420) (863,810)
Creditors: amounts falling due after more than one year 7 (42,844) (46,857)
Net liabilities (707,264) (910,667)
Capital and reserves
Called up share capital 427,042 414,797
Share premium 277,831 225,678
Profit and loss account (1,412,137) (1,551,142)
Shareholders' funds (707,264) (910,667)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T Sandford
Director
Approved by the board on 23 May 2025
NuUnlimited Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Exceptional items
At the end of the current year, the directors concluded that the consultants had failed to achieve the expected progress of the products being developed and that the future success of the products was, therefore, no longer attainable. As a result, the Company terminated the arrangements with the consultants with immediate effect. This resulted in a reduction of the amounts due to consultants totalling £609,487. Consequently, this has been credited to the profit and loss account in the current year.





3 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
4 Intangible fixed assets £
Intellectual property
Cost
At 1 January 2023 16,500
Additions 24,000
At 31 December 2023 40,500
Amortisation
At 31 December 2023 -
Net book value
At 31 December 2023 40,500
At 31 December 2022 16,500
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
5 Debtors 2023 2022
£ £
Trade debtors - 26,032
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 38,301 29,238
Taxation and social security costs 42,906 37,047
Other creditors 629,150 842,189
710,357 908,474
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 42,844 46,857
8 Other information
NuUnlimited Limited is a private company limited by shares and incorporated in England. Its registered office is:
142 Station Road
Chingford
London
E4 6AN
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