REGISTERED NUMBER: 11055511 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30th November 2024

for

Nacass Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N A Cassar

REGISTERED OFFICE:

Delmon House

36-38 Church Road

Burgess Hill

West Sussex

RH15 9AE

REGISTERED NUMBER:

11055511 (England and Wales)

ACCOUNTANTS:

Sigma Partners

Delmon House

36-38 Church Road

Burgess Hill

West Sussex

RH15 9AE

FIXED ASSETS

Tangible assets

4

323

482

CURRENT ASSETS

Debtors

5

10,087

12,648

Cash at bank

-

8,040

10,087

20,688

CREDITORS

Amounts falling due within one year

6

7,037

7,538

NET CURRENT ASSETS

3,050

13,150

TOTAL ASSETS LESS CURRENT LIABILITIES

3,373

13,632

CREDITORS

Amounts falling due after more than one year

7

16,702

23,437

NET LIABILITIES

(13,329

)

(9,805

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(13,429

)

(9,905

)

(13,329

)

(9,805

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6th October 2025 and were signed by:

N A Cassar - Director

1.	STATUTORY INFORMATION

Nacass Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern

The company is dependant on the support of the director and bankers.

The director is committed to supporting the company to meet its financial obligations, and therefore the accounts have been prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st December 2023

and 30th November 2024

3,168

DEPRECIATION

At 1st December 2023

2,686

Charge for year

159

At 30th November 2024

2,845

NET BOOK VALUE

At 30th November 2024

323

At 30th November 2023

482

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

10,087

12,648

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

6,737

6,338

Other creditors

300

1,200

7,037

7,538

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

16,702

23,437

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

bank loan

23,508

29,775

Security is held by the bank in the form of a fixed and floating charge over all assets of the company.

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th November 2024 and 30th November 2023:

2024

2023

£

£

N A Cassar

Balance outstanding at start of year

12,648

4,929

Amounts advanced

3,907

8,828

Amounts repaid

(6,468

)

(1,109

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

10,087

12,648