Company Registration No. 07879496 (England and Wales)
NIMBUSPOINT CONSULTING LIMITED
Unaudited accounts
for the year ended 31 December 2024
NIMBUSPOINT CONSULTING LIMITED
Unaudited accounts
Contents
NIMBUSPOINT CONSULTING LIMITED
Company Information
for the year ended 31 December 2024
Directors
S J Miln
P A Baddeley
Company Number
07879496 (England and Wales)
Registered Office
Whitings LLP
Whiting & Partners Ltd
Phoenix House2 Phoenix Park, Eaton Socon
St. Neots
Cambridgeshire
PE19 8EP
England
Accountants
Sleek Accounting Ltd
4th Floor
205 Regent Street
London
W1B 4HB
NIMBUSPOINT CONSULTING LIMITED
Statement of financial position
as at 31 December 2024
Tangible assets
2,014
2,448
Cash at bank and in hand
263,912
485,324
Creditors: amounts falling due within one year
(233,301)
(245,153)
Net current assets
389,079
587,823
Net assets
391,093
590,271
Called up share capital
125
125
Profit and loss account
390,968
590,146
Shareholders' funds
391,093
590,271
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 29 September 2025 and were signed on its behalf by
S J Miln
Director
Company Registration No. 07879496
NIMBUSPOINT CONSULTING LIMITED
Notes to the Accounts
for the year ended 31 December 2024
NIMBUSPOINT CONSULTING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07879496. The registered office is Whitings LLP, Whiting & Partners Ltd, Phoenix House2 Phoenix Park, Eaton Socon, St. Neots, Cambridgeshire, PE19 8EP, 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.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
5 years straight line
Computer equipment
3 years straight line
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.
Expenditure on research and development is written off in the year in which it is incurred.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
NIMBUSPOINT CONSULTING LIMITED
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
1,260
16,002
17,262
At 31 December 2024
1,260
17,054
18,314
At 1 January 2024
1,165
13,649
14,814
Charge for the year
95
1,391
1,486
At 31 December 2024
1,260
15,040
16,300
At 31 December 2024
-
2,014
2,014
At 31 December 2023
95
2,353
2,448
Amounts falling due within one year
Trade debtors
277,034
335,209
Accrued income and prepayments
2,835
2,853
Other debtors
78,599
9,590
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
80,116
22,171
Taxes and social security
97,681
145,597
Loans from directors
-
5,203
Allotted, called up and fully paid:
125 Ordinary shares of £1 each
125
125
8
Operating lease commitments
2024
2023
At 31 December 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
59,488
-
NIMBUSPOINT CONSULTING LIMITED
Notes to the Accounts
for the year ended 31 December 2024
9
Transactions with related parties
The company is related to Appficiency Inc. by virtue of common directors a shareholders. The amount owed to Appficiency Inc. at the balance sheet date was £5,129.
The company is a wholly owned subsidiary of Nimbuspoint UK Topco Limited, At the balance sheet date included in other debtors is an amount of £65,619 owed from Nimbuspoint UK Topco Limited.
Nimbuspoint Consulting Limited is a wholly owned subsidiary of Nimbuspoint UK Topco Limited, a company registered in the United Kingdom with a registered office address of Ashford House, Grenadier Road, Exeter, Devon, England, EX1 3LH.
11
Average number of employees
During the year the average number of employees was 21 (2023: 19).