Novia Solutions Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08033470

Novia Solutions Limited

Filleted Unaudited Financial Statements

31 December 2024

Novia Solutions Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Current assets

Debtors	4	110,150	156,159
Cash at bank and in hand		355	2,671
		---------	---------
		110,505	158,830

Creditors: amounts falling due within one year	5	5,310		47,193
		---------		---------
Net current assets			105,195	111,637
			---------	---------
Total assets less current liabilities			105,195	111,637

Creditors: amounts falling due after more than one year	6	28,500	28,462
		---------	---------
Net assets		76,695	83,175
		---------	---------

Novia Solutions Limited

Statement of Financial Position (continued)

31 December 2024

	2024		2023
Note	£	£	£

Capital and reserves

Called up share capital	100	100
Share premium account	99,985	99,985
Profit and loss account	( 23,390)	( 16,910)
	--------	--------
Shareholders funds	76,695	83,175
	--------	--------

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 statement of income and retained earnings has not been delivered.

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.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 16 September 2025 , and are signed on behalf of the board by:

Mr B Greenwood
Director

Company registration number: 08033470

Novia Solutions Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Greengate, Cardale Park, Harrogate, North Yorkshire, HG3 1GY.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity. Compound instruments comprise both a liability and an equity component. At date of issue, the fair value of the liability component is estimated using the prevailing market interest rate for a similar debt instrument. The liability component is accounted for as a financial liability. The residual is the difference between the net proceeds of issue and the liability component (at time of issue). The residual is the equity component, which is accounted for as an equity instrument. The interest expense on the liability component is calculated applying the effective interest rate for the liability component of the instrument. The difference between this amount and any repayments is added to the carrying amount of the liability in the balance sheet.

4. Debtors

	2024	2023
	£	£
Other debtors	110,150	156,159
	---------	---------

5. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	5,299	6,673
Other creditors	11	40,520
	-------	--------
	5,310	47,193
	-------	--------

6. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	28,500	28,462
	--------	--------

7. Director's advances, credits and guarantees

There were no further advances during the year.

8. Related party transactions

The company was under the control of Mr Greenwood throughout the current and previous year. Mr Greenwood is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 102.