REGISTERED NUMBER: 07993945 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

NOVO COMPONENTS GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Dubai

C R Veitch

N J Veitch

REGISTERED OFFICE:

c/o William Evans & Partners

20 Harcourt Street

London

W1H 4HG

REGISTERED NUMBER:

07993945 (England and Wales)

ACCOUNTANTS:

William Evans & Partners

20 Harcourt Street

London

W1H 4HG

FIXED ASSETS

Investments

4

11,552

3,658

CURRENT ASSETS

Debtors

5

116,191

24,564

Cash at bank

323,484

338,136

439,675

362,700

CREDITORS

Amounts falling due within one year

6

(29,329

)

(29,329

)

NET CURRENT ASSETS

410,346

333,371

TOTAL ASSETS LESS CURRENT LIABILITIES

421,898

337,029

CAPITAL AND RESERVES

Called up share capital

7

150,004

150,004

Retained earnings

8

271,894

187,025

SHAREHOLDERS' FUNDS

421,898

337,029

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2025 and were signed on its behalf by:

N J Veitch - Director

M Dubai - Director

1.	STATUTORY INFORMATION

Novo Components Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Loans to subsidiaries are shown at their original transaction cost. As these loans bear interest at a market rate it is considered that this cost equates to fair market value.

Where loans are considered irrecoverable or impaired provision is made for the impairment. This impairment is reviewed each year.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

€

COST

At 1 January 2024

3,658

Additions

7,894

At 31 December 2024

11,552

NET BOOK VALUE

At 31 December 2024

11,552

At 31 December 2023

3,658

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Novoparts Trade kft

Registered office: Hungary

Nature of business: Service and components to leisure industry

%

Class of shares:

holding

Ordinary

88.00

2024

2023

€

€

Aggregate capital and reserves

1,266,351

1,126,458

Profit for the year

385,373

353,161

Eurocoin Gaming Drustvo sa

Registered office: Serbia

Nature of business: Services and components to leisure industry

%

Class of shares:

holding

Ordinary

80.00

2024

2023

€

€

Aggregate capital and reserves

400,823

324,056

Profit for the year

133,672

95,101

SC E-Service & Components srl

Registered office: Roumania

Nature of business: Service and components to leisure industry

%

Class of shares:

holding

Ordinary

80.00

2024

2023

€

€

Aggregate capital and reserves

363,551

588,083

Profit for the year

177,366

335,376

E-service Novo Components kft

Registered office: Hungary

Nature of business: Services and components to leisure industry

%

Class of shares:

holding

Ordinary

100.00

2024

€

Aggregate capital and reserves

22,551

Profit for the year

35,138

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

€

€

Other debtors

116,191

24,564

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

€

€

Other creditors

29,329

29,329

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

€

€

50,002

A Ordinary shares

€1

50,002

50,002

100,002

B Ordinary shares

€1

100,002

100,002

150,004

150,004

8.

RESERVES

Retained

earnings

€

At 1 January 2024

187,025

Profit for the year

444,869

Dividends

(360,000

)

At 31 December 2024

271,894

9.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.