Nirant Limited
Exception report
for the year ended 31 March 2025
The following differences exist between the previous year's closing balances per the accounts and the
current year's opening balances per the Trial Balance:
Reserves
Opening balance at
1 April 2024 per TB
Balance at 31 March
2024 per accounts
Difference
£ £ £
Profit and loss account (Account 968) (2,203) - (2,203)
(2,203) - (2,203)
This page does not form part of the statutory financial statements.
Company registration number: 14596686
Unaudited financial statements
for the year ended 31 March 2025
for
Nirant Limited
Pages for filing with the Registrar
Company registration number: 14596686
Nirant Limited
Balance sheet
as at 31 March 2025
31 Mar 25 31 Mar 24
Note £ £ £ £
Fixed assets
Intangible assets 4 72,841 -
Tangible assets 5 22,976 -
95,817 -
Current assets
Debtors 9,963 -
Cash at bank and in hand 28,847 -
38,810 -
Creditors: amounts falling due within one
year
(12,235) -
Net current assets 26,575 -
Total assets less current liabilities 122,392 -
Creditors: Amounts falling due after more
than one year
6 (127,430) -
NET (LIABILITIES)/ASSETS (5,038) -
Capital and reserves
Called up share capital 1 -
Profit and loss account (5,039) -
TOTAL EQUITY (5,038) -
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: 14596686
Nirant Limited
Balance sheet - continued
as at 31 March 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr B Anilcumar, Director
19 July 2025
2
Nirant Limited
Notes to the financial statements
for the year ended 31 March 2025
1 Company information
Nirant Limited is a private company registered in England and Wales. Its registered number is 14596686. The company is limited by shares. Its registered office is Subway, 18 Market Place, Nottingham, Nottinghamshire, NG10 1LT.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
3
Nirant Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
2 Accounting policies - continued
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.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill Accounting Policy - Recognition and Measurement

Goodwill arises on the acquisition of a business and
represents the excess of the cost of the acquisition
over the fair value of the identifiable assets acquired
and liabilities assumed at the date of acquisition.

In accordance with FRS 102 Section 19 (Business
Combinations and Goodwill), goodwill is recognised as
an intangible asset at cost less accumulated
amortisation and impairment losses.

Amortisation

Goodwill is amortised on a straight-line basis over its
estimated useful economic life, which is determined to
be five years. This reflects the period over which the
business expects to derive economic benefits from the
Subway franchise acquisition. The amortisation period
and method are reviewed annually.

Impairment

At each reporting date, the carrying value of goodwill is
assessed for indicators of impairment. If there is an
indication that goodwill may be impaired, the asset is
tested for impairment in accordance with FRS 102
Section 27 (Impairment of Assets). Any impairment
losses are recognised immediately in profit or loss and
are not subsequently reversed.

Disclosure

The carrying amount of goodwill and the amortisation
charged during the period are disclosed in the financial
statements in accordance with FRS 102 Section 18
(Intangible Assets other than Goodwill) and Section 19.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
4
Nirant Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
2 Accounting policies - continued
Plant and machinery etc.:
Plant and Machinery Accounting Policy - Recognition and Measurement

Plant and machinery, including furniture and fixtures,
are recognised as tangible fixed assets when it is
probable that future economic benefits associated with
the assets will flow to the business and the cost of the
assets can be measured reliably. Assets are initially
measured at cost, which includes all directly
attributable costs necessary to bring the asset into
working condition for its intended use.

Depreciation

Depreciation is provided on a straight-line basis to
allocate the cost of each asset over its estimated useful
life. The estimated useful life of plant and machinery,
including furniture and fixtures, is five years.
Depreciation is charged from the date the asset is
available for use.

Impairment

At each reporting date, the business assesses whether
there is any indication that plant and machinery may be
impaired. If such indication exists, the recoverable
amount of the asset is estimated and any resulting
impairment loss is recognised in the profit and loss
account.

Derecognition

Assets are derecognised upon disposal or when no
future economic benefits are expected from their
continued use. Any gain or loss arising on
derecognition is recognised in the profit and loss
account.
5
Nirant Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
2 Accounting policies - continued
Furniture and Fixtures Accounting Policy - Recognition and Measurement

Furniture and fixtures are stated at cost less
accumulated depreciation and any accumulated
impairment losses. Cost includes all directly attributable
expenditure required to bring the asset into working
condition for its intended use.

Depreciation

Depreciation is provided on a straight-line basis to
allocate the cost of the assets over their estimated
useful lives. The estimated useful life for furniture and
fixtures is five years. Depreciation is charged from the
date the asset is brought into use.

Impairment

At each reporting date, the company reviews the
carrying amounts of furniture and fixtures to determine
whether there is any indication that those assets have
suffered an impairment loss. If any such indication
exists, the recoverable amount of the asset is
estimated and any shortfall is recognised as an
impairment loss in the profit and loss account.

Derecognition

Furniture and fixtures are derecognised on disposal or
when no future economic benefits are expected from
their use. Any gain or loss arising on derecognition is
included in the profit and loss account.
3 Average number of employees
During the year the average number of employees was 1 (2024 - 1).
4 Intangible assets
Goodwill
Accounting
Policy
£
Cost
Additions 88,160
At 31 March 2025 88,160
Amortisation
Impairments 15,319
At 31 March 2025 15,319
6
Nirant Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
4 Intangible assets - continued
Net book value
At 31 March 2025 72,841
At 31 March 2024 -
5 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
Additions 27,378
At 31 March 2025 27,378
Depreciation
Charge for year 4,402
At 31 March 2025 4,402
Net book value
At 31 March 2025 22,976
At 31 March 2024 -
If Tangible Assets had not been revalued, Amortized Cost would have been included at the following historical cost:
31 Mar 25 31 Mar 24
£ £
Cost 27,377 -
Accumulated depreciation 4,402 -
6 Creditors: amounts falling due after more than five years
31 Mar 25 31 Mar 24
£ £
Repayable otherwise than by instalments
Other creditors 127,430 -
7