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Company Registration No. 12644903 (England and Wales)
Nuon Ai Ltd Unaudited accounts for the year ended 31 December 2024
Nuon Ai Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Nuon Ai Ltd Company Information for the year ended 31 December 2024
Directors
Richard Ian Anderson Mathew Donfrancesco Matthew Grant Tomlinson
Company Number
12644903 (England and Wales)
Registered Office
57 The Boundary Langton Green Tunbridge Wells Kent TN3 0YA England
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Nuon Ai Ltd Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
3,929
6,876
Investments
5
60
60
3,989
6,936
Current assets
Debtors
6
18,189
62,889
Cash at bank and in hand
1,007
12,391
19,196
75,280
Creditors: amounts falling due within one year
7
(106,495)
(30,703)
Net current (liabilities)/assets
(87,299)
44,577
Net (liabilities)/assets
(83,310)
51,513
Capital and reserves
Called up share capital
4
4
Share premium
929,990
929,990
Profit and loss account
(1,013,304)
(878,481)
Shareholders' funds
(83,310)
51,513
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2025 and were signed on its behalf by
Matthew Grant Tomlinson Director Company Registration No. 12644903
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Nuon Ai Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Nuon Ai Ltd is a private company, limited by shares, registered in England and Wales, registration number 12644903. The registered office is 57 The Boundary, Langton Green, Tunbridge Wells, Kent, TN3 0YA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
Straight Line Method - 25%
Share-based payments
Equity-settled share-based payments are measured at fair value at the date of grant by reference to the fair value of the equity instruments granted using the Black Scholes model. The fair value determined at the grant date is expensed on a straight-line basis over the vesting period, based on the estimate of shares that will eventually vest. A corresponding adjustment is made to equity. When the terms and conditions of equity-settled share-based payments at the time they were granted are subsequently modified, the fair value of the share-based payment under the original terms and conditions and under the modified terms and conditions are both determined at the date of the modification. Any excess of the modified fair value over the original fair value is recognised over the remaining vesting period in addition to the grant date fair value of the original share-based payment. The share-based payment expense is not adjusted if the modified fair value is less than the original fair value. Cancellations or settlements (including those resulting from employee redundancies) are treated as an acceleration of vesting and the amount that would have been recognised over the remaining vesting period is recognised immediately.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Going concern
These financial statements are prepared on the going concern basis. The directors have assessed the company's funding requirements over the 12 months following the date of approval of these financial statements, and are satisfied that growing revenues and other external sources of finance or investment will provide sufficient resources for the company to continue in operational existence for the foreseeable future.
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Nuon Ai Ltd Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 January 2024
11,788
At 31 December 2024
11,788
Depreciation
At 1 January 2024
4,912
Charge for the year
2,947
At 31 December 2024
7,859
Net book value
At 31 December 2024
3,929
At 31 December 2023
6,876
5
Investments
Other investments
£
Valuation at 1 January 2024
60
Valuation at 31 December 2024
60
6
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
16,480
16,056
Accrued income and prepayments
1,709
-
Other debtors
-
46,833
18,189
62,889
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
11,715
-
VAT
3,243
-
Trade creditors
-
3,735
Taxes and social security
5,025
5,144
Other creditors
86,262
21,824
Deferred income
250
-
106,495
30,703
8
Average number of employees
During the year the average number of employees was 2 (2023: 4).
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