Registered number
11428819
Novaredesign Ltd
Filleted Accounts
31 March 2025
Novaredesign Ltd
Registered number: 11428819
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £ £ £
Fixed assets
Tangible assets 4 574 918
Current assets
Debtors 5 141 141
Cash at bank and in hand 2,018 3,912
2,159 4,053
Creditors: amounts falling due within one year 6 (2,134) (4,798)
Net current assets/(liabilities) 25 (745)
Net assets 599 173
Capital and reserves
Called up share capital 7 100 100
Profit and loss account 499 73
Shareholders' funds 599 173
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.
Gareth Thomas
Director
Approved by the board on 14 July 2025
Novaredesign Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents fees recevied or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computers 33.3% straight line
Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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 Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 2,132
At 31 March 2025 2,132
Depreciation
At 1 April 2024 1,214
Charge for the year 344
At 31 March 2025 1,558
Net book value
At 31 March 2025 574
At 31 March 2024 918
5 Debtors 2025 2024
£ £
Other debtors 141 141
6 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 303 -
Accruals 1,439 1,410
Other creditors 392 3,388
2,134 4,798
7 Called up share capital 2025 2024
£ £
Ordinary share capital
Issued and fully paid
Ordinary shares of £1 each 100 100
100 100
8 Related party transactions
The directors operate a joint loan account with the company on an interest free basis. At the balance sheet date the directors were owed £392 (2024: £3,388).
9 Other information
Novaredesign Ltd is a private company limited by shares and incorporated in England. Its registered office is:
26 Carson Road
London
SE21 8HU
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