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Company Registration No. 05123147 (England and Wales)
NOVATEK EUROPE LIMITED Unaudited accounts for the year ended 31 December 2024
NOVATEK EUROPE LIMITED Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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NOVATEK EUROPE LIMITED Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
3,747 
1,838 
Current assets
Debtors
5
396,465 
582,627 
Cash at bank and in hand
173,566 
231,185 
570,031 
813,812 
Creditors: amounts falling due within one year
6
(289,037)
(471,740)
Net current assets
280,994 
342,072 
Total assets less current liabilities
284,741 
343,910 
Creditors: amounts falling due after more than one year
7
(15,665)
(25,782)
Net assets
269,076 
318,128 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
269,074 
318,126 
Shareholders' funds
269,076 
318,128 
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 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 28 May 2025 and were signed on its behalf by
Nicolas Moreno Director Company Registration No. 05123147
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NOVATEK EUROPE LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
NOVATEK EUROPE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05123147.
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
These financial statements for the year ended 31 December 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
1,348 
8,158 
9,506 
Additions
- 
3,738 
3,738 
At 31 December 2024
1,348 
11,896 
13,244 
Depreciation
At 1 January 2024
1,348 
6,320 
7,668 
Charge for the year
- 
1,829 
1,829 
At 31 December 2024
1,348 
8,149 
9,497 
Net book value
At 31 December 2024
- 
3,747 
3,747 
At 31 December 2023
- 
1,838 
1,838 
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NOVATEK EUROPE LIMITED Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
363,200 
356,211 
Accrued income and prepayments
- 
132,809 
Other debtors
33,265 
93,607 
396,465 
582,627 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
98,920 
336,101 
Taxes and social security
18,901 
38,513 
Accruals
171,216 
97,126 
289,037 
471,740 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
15,665 
25,782 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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