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Company registration number: 02081557
Nemo (1991) Limited
Financial statements
for the year ended 31st December 2024
.
Nemo (1991) Limited
Balance sheet
31st December 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 2,904 3,475
_______ _______
2,904 3,475
Current assets
Debtors 6 552,884 606,302
Investments 7 243,614 251,532
Cash at bank and in hand 77,379 93,145
_______ _______
873,877 950,979
Creditors: amounts falling due
within one year 8 ( 496,471) ( 588,085)
_______ _______
Net current assets 377,406 362,894
_______ _______
Total assets less current liabilities 380,310 366,369
Creditors: amounts falling due
after more than one year 9 ( 126,627) ( 122,281)
_______ _______
Net assets 253,683 244,088
_______ _______
Capital and reserves
Called up share capital 3,200 3,200
Capital redemption reserve 1,800 1,800
Profit and loss account 248,683 239,088
_______ _______
Shareholders funds 253,683 244,088
_______ _______
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 06 August 2025 , and are signed on behalf of the board by:
Derek Roger Bamford
Director
Company registration number: 02081557
Nemo (1991) Limited
Statement of changes in equity
Year ended 31st December 2024
Called up share capital Capital redemption reserve Profit and loss account Total
£ £ £ £
At 1st January 2023 3,200 1,900 230,370 235,470
Profit for the year 8,718 8,718
_______ _______ _______ _______
Total comprehensive income for the year - - 8,718 8,718
Redemption of shares - ( 100) - ( 100)
_______ _______ _______ _______
Total investments by and distributions to owners - ( 100) - ( 100)
_______ _______ _______ _______
At 31st December 2023 and 1st January 2024 3,200 1,800 239,089 244,089
Profit for the year 9,594 9,594
_______ _______ _______ _______
Total comprehensive income for the year - - 9,594 9,594
_______ _______ _______ _______
At 31st December 2024 3,200 1,800 248,683 253,683
_______ _______ _______ _______
Nemo (1991) Limited
Notes to the financial statements
Year ended 31st December 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 125b Long Street, Atherstone, CV9 1AB.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2023: 10 ).
5. Tangible assets
Plant and machinery Fixtures, fittings and equipment Total
£ £ £
Cost
At 1st January 2024 35,307 17,638 52,945
Additions 226 1,988 2,214
Disposals ( 3,857) ( 2,857) ( 6,714)
_______ _______ _______
At 31st December 2024 31,676 16,769 48,445
_______ _______ _______
Depreciation
At 1st January 2024 32,321 17,149 49,470
Charge for the year 1,725 1,059 2,784
Disposals ( 3,857) ( 2,856) ( 6,713)
_______ _______ _______
At 31st December 2024 30,189 15,352 45,541
_______ _______ _______
Carrying amount
At 31st December 2024 1,487 1,417 2,904
_______ _______ _______
At 31st December 2023 2,986 489 3,475
_______ _______ _______
6. Debtors
2024 2023
£ £
Trade debtors 323,237 233,170
Amounts owed by group undertakings and undertakings in which the company has a participating interest 210,050 210,050
Other debtors 19,597 163,082
_______ _______
552,884 606,302
_______ _______
7. Investments
2024 2023
£ £
Investments in group undertakings 233,614 241,532
Interest in other participating interests 10,000 10,000
_______ _______
243,614 251,532
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 2,000 8,000
Trade creditors 136,260 213,992
Amounts owed to group undertakings and undertakings in which the company has a participating interest 257,971 282,066
Social security and other taxes 18,758 23,922
Other creditors 81,482 60,105
_______ _______
496,471 588,085
_______ _______
9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 126,627 122,281
_______ _______