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Company Registration No. 14988707 (England and Wales)
Novara Consulting Group Limited Unaudited accounts for the year ended 31 July 2025
Novara Consulting Group Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Novara Consulting Group Limited Company Information for the year ended 31 July 2025
Directors
Joel Murphy Zsofia Aniko Meszaros
Company Number
14988707 (England and Wales)
Registered Office
35 Goddard Way Tuffley Gloucester GL4 0YA England
Accountants
Next Level Accountants Limited 35 Goddard Way Tuffley Gloucester Gloucestershire GL4 0YA
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Novara Consulting Group Limited Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
2,123
3,185
Current assets
Debtors
5
8,758
-
Cash at bank and in hand
12,273
52,492
21,031
52,492
Creditors: amounts falling due within one year
6
(2,319)
(18,193)
Net current assets
18,712
34,299
Net assets
20,835
37,484
Capital and reserves
Called up share capital
100
100
Profit and loss account
20,735
37,384
Shareholders' funds
20,835
37,484
For the year ending 31 July 2025 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 6 September 2025 and were signed on its behalf by
Joel Murphy Director Company Registration No. 14988707
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Novara Consulting Group Limited Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
Novara Consulting Group Limited is a private company, limited by shares, registered in England and Wales, registration number 14988707. The registered office is 35 Goddard Way, Tuffley, Gloucester, GL4 0YA, 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.
3
Accounting policies
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.
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.
Turnover
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:
Plant & machinery
20% Straight Line
Computer equipment
25% Straight Line
Foreign exchange
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.
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Novara Consulting Group Limited Notes to the Accounts for the year ended 31 July 2025
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 August 2024
4,247
At 31 July 2025
4,247
Depreciation
At 1 August 2024
1,062
Charge for the year
1,062
At 31 July 2025
2,124
Net book value
At 31 July 2025
2,123
At 31 July 2024
3,185
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
8,758
-
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
2,221
3,711
Taxes and social security
98
14,482
2,319
18,193
7
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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