NUMA Innovation Ltd iXBRL

Company Registration Number: NI661346

NUMA Innovation Ltd

Unaudited Financial Statements

for the financial year ended 30 June 2025

NUMA Innovation Ltd

Company Registration Number: NI661346

STATEMENT OF FINANCIAL POSITION

as at 30 June 2025

		2025	2024
	Notes	£	£

Non-Current Assets

Property, plant and equipment

8,840

14,896

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Current Assets

Receivables

1,705

35,823

Cash and cash equivalents

9,150

2,611

─────────

10,855

38,434

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Payables: amounts falling due within one year

(36,137)

(47,729)

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Net Current Liabilities

(25,282)

(9,295)

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Total Assets less Current Liabilities

(16,442)

5,601

Provisions for liabilities

(1,680)

(2,831)

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Net (Liabilities)/Assets

(18,122)

2,770

═════════

Equity

Called up share capital

Retained earnings

(18,123)

2,769

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Equity attributable to owners of the company

(18,122)

2,770

═════════

The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Income Statement and Director's Report.

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Approved by the Director and authorised for issue on 24 November 2025



________________________________
Ronan Flanagan
Director

NUMA Innovation Ltd

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 30 June 2025

General Information

NUMA Innovation Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI661346. The registered office of the company is The Innovation Centre, Queens Road, Belfast, BT3 9DT which is also the principal place of business of the company. The principal activity is that of engineering related scientific and technical consulting activities. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 30 June 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Revenue

Revenue comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Property, plant and equipment and depreciation

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Fixtures, fittings and equipment

20% Straight line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Trade and other receivables

Trade and other receivables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

Trade and other payables

Trade and other payables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Period of financial statements

The comparative figures relate to the 13 month period ended 30 June 2024.

Going concern

At 3oth June 2025 the balance sheet showed a deficiency of Assets of £18,122. The company remains reliant upon the support of its director.

Employees

The average monthly number of employees, including director, during the financial year was 1, (2024 - 1).

2025

2024

Number

Number

Director

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6.	Property, plant and equipment
		Fixtures,	Total
		fittings and
		equipment
		£	£
	Cost
	At 1 July 2024	30,281	30,281
		─────────	─────────

	At 30 June 2025	30,281	30,281
		─────────	─────────
	Depreciation
	At 1 July 2024	15,385	15,385
	Charge for the financial year	6,056	6,056
		─────────	─────────
	At 30 June 2025	21,441	21,441
		─────────	─────────
	Carrying amount
	At 30 June 2025	8,840	8,840
		═════════	═════════
	At 30 June 2024	14,896	14,896
		═════════	═════════


7.	Receivables	2025	2024
		£	£

	Trade receivables	-	34,250
	Taxation (Note 9)	226	415
	Prepayments and accrued income	1,479	1,158
		─────────	─────────
		1,705	35,823
		═════════	═════════


8.	Payables	2025	2024
	Amounts falling due within one year	£	£

	Trade payables	-	199
	Taxation (Note 9)	96	390
	Director's current account	35,141	39,506
	Accruals and deferred income	900	7,634
		─────────	─────────
		36,137	47,729
		═════════	═════════


9.	Taxation	2025	2024
		£	£

	Receivables:
	VAT	226	415
		═════════	═════════
	Payables:
	PAYE / NI	96	390
		═════════	═════════

10.

Provisions for liabilities

The amounts provided for deferred taxation are analysed below:

Capital

Total

Total

allowances

2025

2024

At financial year start

2,831

2,831

2,327

Charged to profit and loss

(1,151)

(1,151)

504

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At financial year end

1,680

2,831

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11.

Capital commitments

The company had no material capital commitments at the financial year-ended 30 June 2025.

12.

Director's advances, credits and guarantees

As at 1st June 2024, the company owed the director £39,506. During the financial year ended 30 June 2025, net transactions between the company and director amounted to £4,365. As at 30 June 2025, the company owes the director £35,141. This loan is interest free and repayable on demand.

Directors remuneration of £39,000 was incurred in the period.

13.

Events After the End of the Reporting Period

There have been no significant events affecting the company since the financial year-end.