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Company Registration No. SC585076 (Scotland)
Novelty Care UK Ltd Unaudited accounts for the year ended 31 January 2025
Novelty Care UK Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Novelty Care UK Ltd Company Information for the year ended 31 January 2025
Director
Rasheed Makorie
Company Number
SC585076 (Scotland)
Registered Office
33 ASHLEY TERRACE EDINBURGH EH11 1RE UNITED KINGDOM
Accountants
JWD Accounting and Tax Services
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Novelty Care UK Ltd Statement of financial position as at 31 January 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
5,365 
6,329 
Current assets
Debtors
5
968,000 
789,242 
Cash at bank and in hand
2,146 
3,356 
970,146 
792,598 
Creditors: amounts falling due within one year
6
(957,164)
(776,029)
Net current assets
12,982 
16,569 
Total assets less current liabilities
18,347 
22,898 
Creditors: amounts falling due after more than one year
7
(18,346)
(22,897)
Net assets
1 
1 
Capital and reserves
Called up share capital
1 
1 
Shareholders' funds
1 
1 
For the year ending 31 January 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 director acknowledges his 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 and authorised for issue on 30 October 2025 and were signed on its behalf by
Rasheed Makorie Director Company Registration No. SC585076
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Novelty Care UK Ltd Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Novelty Care UK Ltd is a private company, limited by shares, registered in Scotland, registration number SC585076. The registered office is 33 ASHLEY TERRACE, EDINBURGH, EH11 1RE, UNITED KINGDOM.
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.
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
25% Straight line
Computer equipment
33% Straight line
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2024
6,261 
4,043 
10,304 
Additions
609 
1,707 
2,316 
At 31 January 2025
6,870 
5,750 
12,620 
Depreciation
At 1 February 2024
2,627 
1,348 
3,975 
Charge for the year
1,363 
1,917 
3,280 
At 31 January 2025
3,990 
3,265 
7,255 
Net book value
At 31 January 2025
2,880 
2,485 
5,365 
At 31 January 2024
3,634 
2,695 
6,329 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Other debtors
968,000 
789,242 
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Novelty Care UK Ltd Notes to the Accounts for the year ended 31 January 2025
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
5,333 
5,333 
VAT
256,197 
256,197 
Trade creditors
1,400 
101 
Taxes and social security
679,154 
501,959 
Other creditors
15,080 
12,439 
957,164 
776,029 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
18,346 
22,897 
8
Average number of employees
During the year the average number of employees was 48 (2024: 51).
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