Company Registration No. 07630992 (England and Wales)
Novo Enterprises Ltd
Unaudited accounts
for the year ended 31 May 2025
Novo Enterprises Ltd
Unaudited accounts
Contents
Novo Enterprises Ltd
Company Information
for the year ended 31 May 2025
Directors
Mr D P Phillips
Mrs T R Phillips
Company Number
07630992 (England and Wales)
Registered Office
Unit 5 Swaker Yard
2b Theobald Street
Herts
WD6 4SE
Accountants
Platts
Unit 5 Swaker Yard
2b Theobald Street
Herts
WD6 4SE
Novo Enterprises Ltd
Statement of financial position
as at 31 May 2025
Tangible assets
40,194
11,028
Cash at bank and in hand
12,551
1,637
Creditors: amounts falling due within one year
(3,253)
(2,854)
Net current assets/(liabilities)
9,298
(219)
Called up share capital
2
2
Profit and loss account
49,490
10,807
Shareholders' funds
49,492
10,809
For the year ending 31 May 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 4 September 2025 and were signed on its behalf by
Mr D P Phillips
Director
Company Registration No. 07630992
Novo Enterprises Ltd
Notes to the Accounts
for the year ended 31 May 2025
Novo Enterprises Ltd is a private company, limited by shares, registered in England and Wales, registration number 07630992. The registered office is Unit 5 Swaker Yard , 2b Theobald Street , Herts , WD6 4SE.
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.
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.
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.
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 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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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% reducing balance basis
Motor vehicles
20% straight line basis
Novo Enterprises Ltd
Notes to the Accounts
for the year ended 31 May 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 June 2024
6,077
37,180
43,257
Additions
150
46,500
46,650
Disposals
-
(37,180)
(37,180)
At 31 May 2025
6,227
46,500
52,727
At 1 June 2024
2,485
29,744
32,229
Charge for the year
748
9,300
10,048
On disposals
-
(29,744)
(29,744)
At 31 May 2025
3,233
9,300
12,533
At 31 May 2025
2,994
37,200
40,194
At 31 May 2024
3,592
7,436
11,028
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
336
-
Loans from directors
217
-
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).