| 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: |
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| Reserves | ||||||
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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: |
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| Unaudited financial statements | ||
| for the year ended 31 March 2025 | ||
| for | ||
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| Pages for filing with the Registrar | ||
| 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. |
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| 5 | ||||