Company Registration No. 03575627 (England and Wales)
NanoMagnetics Instruments Limited
Unaudited accounts
for the year ended 31 May 2025
NanoMagnetics Instruments Limited
Unaudited accounts
Contents
NanoMagnetics Instruments Limited
Company Information
for the year ended 31 May 2025
Company Number
03575627 (England and Wales)
Registered Office
Suite 290
266 Banbury Road
Oxford
OX2 7DL
Accountants
Fabian Hunt
Midhurst
Old Boars Hill
Oxford
OX1 5JQ
NanoMagnetics Instruments Limited
Statement of financial position
as at 31 May 2025
Tangible assets
1,331
2,574
Cash at bank and in hand
159,102
13,000
Creditors: amounts falling due within one year
(267,005)
(73,381)
Net current liabilities
(38,902)
(38,938)
Total assets less current liabilities
(37,571)
(36,364)
Creditors: amounts falling due after more than one year
(10,200)
-
Net liabilities
(47,771)
(36,364)
Called up share capital
2
2
Profit and loss account
(47,773)
(36,366)
Shareholders' funds
(47,771)
(36,364)
For the year ending 31 May 2025 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 director acknowledges his 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 and authorised for issue on 22 September 2025 and were signed on its behalf by
Mr A Oral
Director
Company Registration No. 03575627
NanoMagnetics Instruments Limited
Notes to the Accounts
for the year ended 31 May 2025
NanoMagnetics Instruments Limited is a private company, limited by shares, registered in England and Wales, registration number 03575627. The registered office is Suite 290, 266 Banbury Road, Oxford, OX2 7DL.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% reducing balance
Expenditure on research and development is written off in the year in which it is incurred.
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.
NanoMagnetics Instruments Limited
Notes to the Accounts
for the year ended 31 May 2025
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Other debtors
19,001
21,443
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
1,505
13,450
Loans from directors
241,551
59,931
7
Creditors: amounts falling due after more than one year
2025
2024
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Mr A Oral a director controlled the company by virtue of a controlling interest in 100% of the issued share capital
10
Average number of employees
During the year the average number of employees was 1 (2024: 1).