REGISTERED NUMBER: 04189963 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Nowhere Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N Udall

M A Cornwell

A M Kitt

B Kay

M G Malig

Dr A Craig

SECRETARY:

A D Turner

REGISTERED OFFICE:

6 Lichfield Street

Burton on Trent

Staffordshire

DE14 3RD

REGISTERED NUMBER:

04189963 (England and Wales)

ACCOUNTANTS:

Bourne & Co

Chartered Accountants

6 Lichfield Street

Burton-on-Trent

Staffordshire

DE14 3RD

FIXED ASSETS

Tangible assets

4

4,603

10,715

Investments

5

25

25

4,628

10,740

CURRENT ASSETS

Stocks

101,859

48,530

Debtors

6

1,441,869

2,832,243

Cash at bank

1,972,849

1,157,710

3,516,577

4,038,483

CREDITORS

Amounts falling due within one year

7

968,499

1,381,248

NET CURRENT ASSETS

2,548,078

2,657,235

TOTAL ASSETS LESS CURRENT LIABILITIES

2,552,706

2,667,975

PROVISIONS FOR LIABILITIES

-

1,189

NET ASSETS

2,552,706

2,666,786

CAPITAL AND RESERVES

Called up share capital

18

18

Share premium

20,420

20,420

Capital redemption reserve

104

104

Retained earnings

2,532,164

2,646,244

SHAREHOLDERS' FUNDS

2,552,706

2,666,786

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 13 October 2025 and were signed on its behalf by:

N Udall - Director

1.	STATUTORY INFORMATION

Nowhere Group Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost, 10% on cost and Straight line over 1 year

Tangible fixed assets are included at cost less depreciation and impairment.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies

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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Trade debtors

Short term debtors are measured at transaction price less any impairment. Any losses arising from impairment are recognised in profit or loss.

Trade creditors

Short term creditors are measured at transaction price less any impairment. Any losses arising from impairment are recognised in profit or loss.

Grants

Grants received towards revenue expenditure are recognised as other income in the year in which the revenue expenditure is incurred.

Grants received towards capital expenditure are accounted for on the accruals basis and are released to the profit and loss account to match the depreciation policy of the asset to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

172,115

Additions

14,820

Disposals

(344

)

At 31 January 2025

186,591

DEPRECIATION

At 1 February 2024

161,400

Charge for year

20,932

Eliminated on disposal

(344

)

At 31 January 2025

181,988

NET BOOK VALUE

At 31 January 2025

4,603

At 31 January 2024

10,715

5.	FIXED ASSET INVESTMENTS

Interest

in other

participating

interests

£

COST

At 1 February 2024

and 31 January 2025

25

NET BOOK VALUE

At 31 January 2025

25

At 31 January 2024

25

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated company

Nowhere Digital Ltd

Registered office:

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

25.00

28.2.25

28.2.24

£

£

Aggregate capital and reserves

100

100

6.

DEBTORS

31.1.25

31.1.24

£

£

Amounts falling due within one year:

Trade debtors

1,033,911

2,469,551

Other debtors

322,490

291,224

1,356,401

2,760,775

Amounts falling due after more than one year:

Other debtors

85,468

71,468

Aggregate amounts

1,441,869

2,832,243

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade creditors

94,289

61,070

Taxation and social security

323,109

281,038

Other creditors

551,101

1,039,140

968,499

1,381,248

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.1.25

31.1.24

£

£

Within one year

28,489

40,286

Between one and five years

64,634

22,845

93,123

63,131

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25

31.1.24

£

£

M A Cornwell

Balance outstanding at start of year

109,900

109,900

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

109,900

109,900

N Udall

Balance outstanding at start of year

110,000

110,000

Amounts advanced

40,000

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

150,000

110,000

The loans are interest free and repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The company is under the control of N Udall, one of the directors of the company, by virtue of him holding 55.6% of the ordinary share capital.