NIRVANA MAINTENANCE LIMITED


Directors	DWYER, Daniel William
	WAITSON, Darren Robert


Registered Address	Office 1, Ground Floor
	Oakhill Road
	Sevenoaks
	TN13 1NY


Registered Number	08363241 (England and Wales)

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Operating leases
	Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	20	-
Fixtures and fittings	20	-
Vehicles	-	5
Office Equipment	20	-

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Financial instruments
	A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. 

2.	Average number of employees


		2025		2024
	Average number of employees during the year	38		19

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 April 24	8,337	62,000	8,571	13,063	91,971
Additions	172	-	4,193	5,678	10,043
At 31 March 25	8,509	62,000	12,764	18,741	102,014
Depreciation and impairment
At 01 April 24	5,694	14,208	4,937	5,880	30,719
Charge for year	531	15,500	1,190	2,880	20,101
At 31 March 25	6,225	29,708	6,127	8,760	50,820
Net book value
At 31 March 25	2,284	32,292	6,637	9,981	51,194
At 31 March 24	2,643	47,792	3,634	7,183	61,252

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	581,799	366,427
Other debtors	189,630	119,009
Prepayments and accrued income	17,968	678,870
Total	789,397	1,164,306

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	276,624	218,806
Bank borrowings and overdrafts	51,667	51,667
Taxation and social security	275,814	134,418
Finance lease and HP contracts	11,750	11,107
Other creditors	76,818	111,045
Total	692,673	527,043

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	28,055	79,722
Other creditors	24,425	37,851
Total	52,480	117,573

7.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	36,176		48,958


	As at the balance sheet date, the company had commitments under non-cancellable operating leases, not provided for in the financial statements, totalling £215,093 (2024 - £257,485). Land and Buildings: Less than a year - £19,500 More than a year and less than 5 years - £78,000 More than 5 years - £0 Motor Vehicles: Less than a year - £46,493 More than a year and less than 5 years - £71,100 More than 5 years - £0

As at the balance sheet date, the company had commitments under non-cancellable operating leases, not provided for in the financial statements, totalling £215,093 (2024 - £257,485).

Land and Buildings:
Less than a year - £19,500
More than a year and less than 5 years - £78,000
More than 5 years - £0

Motor Vehicles:
Less than a year - £46,493
More than a year and less than 5 years - £71,100
More than 5 years - £0

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	9,625	2,603
Total	9,625	2,603

9.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
WAITSON, Darren Robert	0	1,279	0	1,279
	0	1,279	0	1,279

10.	Related party transactions
	Included within others debtors due within one year is an amount due from related parties. Amounts due £173,269 (2024 - £119,009). Included within others creditors due within one year is an amount due to related parties. Amounts due £45,961 (2024 - £56).

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		51,194		61,252
			51,194		61,252
Current assets
Debtors	4	789,397		1,164,306
Cash at bank and on hand		326,354		649,381
		1,115,751		1,813,687
Creditors amounts falling due within one year	5	(692,673)		(527,043)
Net current assets (liabilities)			423,078		1,286,644
Total assets less current liabilities			474,272		1,347,896
Creditors amounts falling due after one year	6		(52,480)		(117,573)
Provisions for liabilities	8		(9,625)		(2,603)
Accruals and deferred income			(253,789)		(1,178,467)
Net assets			158,378		49,253
Capital and reserves
Called up share capital			100		100
Profit and loss account			158,278		49,153
Shareholders' funds			158,378		49,253