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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Nomidio Limited is a private company limited by shares and is registered and incorporated in England and Wales, company registration number 10713656. The registered office is Crunch Central, 14 London Road, Cirencester, England, GL7 1AE.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
In preparing the accounts on the going concern basis, the directors have given consideration to the company's results for the year and the company's net assets position.
The Company has continued support and funding from its parent company PQ Solutions Limited, to provide sufficient funding to enable to the Company to meet its liabilities as they fall for a period of at least twelve months from the date of approval of these financial statements.
The products and services offered by the company are sold in sectors that are driven by regulation leading to a strong business case for clients to continue to buy.
The director considers it is appropriate for the financial statements to be prepared on the going concern basis based on their forecasts and action plans in place.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
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The average monthly number of employees, including directors, during the year was 1 (2023 - 1).
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Prepayments and accrued income
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