Company Registration No. 10871295 (England and Wales)
Novit Ltd
Unaudited accounts
for the year ended 30 June 2025
Novit Ltd
Unaudited accounts
Contents
Novit Ltd
Company Information
for the year ended 30 June 2025
Company Number
10871295 (England and Wales)
Registered Office
International House
24 Holborn Viaduct
London
EC1A 2BN
Accountants
Townley & Co Limited
Warrington Business Centre
67 Bewsey Street
Warrington
WA2 7JQ
Novit Ltd
Statement of financial position
as at 30 June 2025
Tangible assets
2,729
8,215
Cash at bank and in hand
15,735
45,014
Creditors: amounts falling due within one year
(60,927)
(71,318)
Net current liabilities
(6,205)
(26,304)
Total assets less current liabilities
(3,476)
(18,089)
Provisions for liabilities
Net liabilities
(3,994)
(19,649)
Called up share capital
11,000
11,000
Profit and loss account
(14,994)
(30,649)
Shareholders' funds
(3,994)
(19,649)
For the year ending 30 June 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 13 January 2026 and were signed on its behalf by
Sarp Ocak
Director
Company Registration No. 10871295
Novit Ltd
Notes to the Accounts
for the year ended 30 June 2025
Novit Ltd is a private company, limited by shares, registered in England and Wales, registration number 10871295. The registered office is International House, 24 Holborn Viaduct, London, EC1A 2BN.
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 and value added tax. 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.
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:
Computer equipment
33% Straight Line
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Novit Ltd
Notes to the Accounts
for the year ended 30 June 2025
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
-
224
Loans from directors
36,729
44,983
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).