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Company Registration No. 10633267 (England and Wales)
NACION LIMITED Unaudited accounts for the year ended 28 February 2025
NACION LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
NACION LIMITED Company Information for the year ended 28 February 2025
Director
Yusuf Abiodun Alao
Company Number
10633267 (England and Wales)
Registered Office
5 Rowdon Avenue London NW10 2AJ
Accountants
CHARLES OWUSU-ANSAH Suite 5 (4th Floor), City Gate House 246 - 250 Romford Road Forest Gate London E7 9HZ
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NACION LIMITED Statement of financial position as at 28 February 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
- 
1,292 
Current assets
Inventories
3,545 
2,000 
Cash at bank and in hand
574 
2,988 
4,119 
4,988 
Creditors: amounts falling due within one year
5
(97,464)
(129,377)
Net current liabilities
(93,345)
(124,389)
Net liabilities
(93,345)
(123,097)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(93,346)
(123,098)
Shareholders' funds
(93,345)
(123,097)
For the year ending 28 February 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 29 November 2025 and were signed on its behalf by
Yusuf Abiodun Alao Director Company Registration No. 10633267
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NACION LIMITED Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
NACION LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10633267. The registered office is 5 Rowdon Avenue, London, NW10 2AJ .
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:
Plant & machinery
20% Straight Line
Motor vehicles
20% Straight Line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2024
24,147 
15,616 
39,763 
At 28 February 2025
24,147 
15,616 
39,763 
Depreciation
At 1 March 2024
22,855 
15,616 
38,471 
Charge for the year
1,292 
- 
1,292 
At 28 February 2025
24,147 
15,616 
39,763 
Net book value
At 28 February 2025
- 
- 
- 
At 29 February 2024
1,292 
- 
1,292 
5
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
- 
(969)
Loans from directors
96,714 
129,646 
Accruals
750 
700 
97,464 
129,377 
- 5 -
NACION LIMITED Notes to the Accounts for the year ended 28 February 2025
6
Average number of employees
During the year the average number of employees was 0 (2024: 0).
- 6 -