| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 May 2024 |
| for |
| NEVCAP Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 May 2024 |
| for |
| NEVCAP Limited |
| NEVCAP Limited (Registered number: 14139842) |
| Contents of the Financial Statements |
| for the year ended 31 May 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| NEVCAP Limited |
| Company Information |
| for the year ended 31 May 2024 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 1-2 Charterhouse Mews |
| London |
| EC1M 6BB |
| NEVCAP Limited (Registered number: 14139842) |
| Balance Sheet |
| 31 May 2024 |
| Notes | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) |
| NET CURRENT LIABILITIES | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| RESERVES |
| Retained earnings | ( |
) |
| ( |
) |
| The director acknowledges his responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the director and authorised for issue on |
| NEVCAP Limited (Registered number: 14139842) |
| Notes to the Financial Statements |
| for the year ended 31 May 2024 |
| 1. | STATUTORY INFORMATION |
| NEVCAP Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Going Concern |
| The director has considered the ability of the company to continue as a going concern for a period of at least 12 months from the date of signing the financial statements. Having reviewed the current financial position and the forecasts for the next 12 months, the going concern assumption is considered appropriate. |
| Tangible fixed assets |
| Computer equipment- 50 % straight line method |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| NEVCAP Limited (Registered number: 14139842) |
| Notes to the Financial Statements - continued |
| for the year ended 31 May 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Cash and cash equivalents |
| Cash and cash equivalents are included in the balance sheet at cost. Cash and cash equivalents comprise of cash within the bank. |
| Trade and other creditors |
| Trade and other creditors are recognised initially at fair value. Subsequent to initial recognition, they are |
| measured at amortised cost using the effective interest method. |
| Trade and other debtors |
| Trade and other debtors are recognised initially at fair value. Subsequent to initial recognition, they are measured at amortised cost using the effective interest method. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL. |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| Additions |
| At 31 May 2024 |
| DEPRECIATION |
| Charge for year |
| At 31 May 2024 |
| NET BOOK VALUE |
| At 31 May 2024 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Amounts owed to group undertakings |
| Other creditors |
| 7. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| As at the balance sheet date, included within other debtors, is an amount of £1,219 owed from one of the directors of the Company Mr S Cole. |
| NEVCAP Limited (Registered number: 14139842) |
| Notes to the Financial Statements - continued |
| for the year ended 31 May 2024 |
| 8. | RELATED PARTY DISCLOSURES |
| At the balance sheet date, included in other creditors, is the amount of £237,724, owing from the company to Azaries Limited , a related party over which the ultimate controlling party of Azaries has significant control. |
| Within the year amounts were paid to Mrs E Cole in relation to services provided for the company amounting to £72,900. |