Company Registration No. 08017383 (England and Wales)
NOVELTEX LIMITED
Unaudited accounts
for the year ended 31 March 2025
NOVELTEX LIMITED
Statement of financial position
as at 31 March 2025
Tangible assets
6,750
6,750
Inventories
646,135
636,789
Cash at bank and in hand
3,794
4,185
Creditors: amounts falling due within one year
(57,851)
(66,945)
Net current assets
592,986
590,943
Total assets less current liabilities
599,736
597,693
Creditors: amounts falling due after more than one year
(555,755)
(555,755)
Called up share capital
100
100
Profit and loss account
43,881
41,838
Shareholders' funds
43,981
41,938
For the year ending 31 March 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 28 November 2025 and were signed on its behalf by
Mahmood Ahmad Shafi
Director
Company Registration No. 08017383
NOVELTEX LIMITED
Notes to the Accounts
for the year ended 31 March 2025
NOVELTEX LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08017383. The registered office is 182 GARRISON STREET, BORDESLEY, BIRMINGHAM, B9 4BN.
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.
These financial statements for the year ended 31 March 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
4
Tangible fixed assets
Plant & machinery
NOVELTEX LIMITED
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
13,661
6,651
Trade creditors
37,856
18,403
Amounts owed to group undertakings and other participating interests
-
22,743
Taxes and social security
(7,476)
(6,736)
Other creditors
24,413
24,980
7
Creditors: amounts falling due after more than one year
2025
2024
Loans from directors
555,755
555,755
8
Average number of employees
During the year the average number of employees was 3 (2024: 3).