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Company Registration No. 04153811 (England and Wales)
Novus Group Limited Unaudited accounts for the year ended 30 June 2025
Novus Group Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Novus Group Limited Company Information for the year ended 30 June 2025
Director
D C W Allison
Company Number
04153811 (England and Wales)
Registered Office
The Old Corn Mill Congleton Road Siddington, Macclesfield Cheshire SK11 9JR
- 3 -
Novus Group Limited Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
18,063
29,200
Investments
5
16,927
17,027
34,990
46,227
Current assets
Debtors
6
6,042
4,951
Cash at bank and in hand
11,113
330
17,155
5,281
Creditors: amounts falling due within one year
7
(19)
(19)
Net current assets
17,136
5,262
Net assets
52,126
51,489
Capital and reserves
Called up share capital
9
19,749
19,749
Share premium
32,060
32,060
Profit and loss account
317
(320)
Shareholders' funds
52,126
51,489
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 19 March 2026 and were signed on its behalf by
D C W Allison Director Company Registration No. 04153811
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Novus Group Limited Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
Novus Group Limited is a private company, limited by shares, registered in England and Wales, registration number 04153811. The registered office is The Old Corn Mill, Congleton Road, Siddington, Macclesfield, Cheshire, SK11 9JR.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
The company derives its revenue from the rental of assets. Turnover is recognised to the extent that it is probable that the economic benefits will flow to the group and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised: Sale of goods Turnover from the sale of goods is recognised when all of the following conditions are satisfied: The group has transferred the significant risks and rewards of ownership to the buyer; The group retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; The amount of turnover can be measured reliably; It is probable that the group will receive the consideration due under the transaction; and The costs incurred or to be incurred in respect of the transaction can be measured reliably.
Foreign currencies
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.
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Novus Group Limited Notes to the Accounts for the year ended 30 June 2025
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
A straight line basis over the period of the lease
Motor vehicles
25% per annum on a reducing balance basis
Fixtures & fittings
25% per annum on a striaght line balance basis
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred taxation
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 is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
Going concern
The group has well-established and flexible financial resources, established customer base and mainly profitable history through its main trading entity. As a consequence, the directors believe that the company is well placed to manage its business risks successfully despite the current uncertain economic outlook. The directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being 12 months from the date of sign off on these accounts. At the statement of financial position date the company has a deficit on its profit and loss reserve, it is anticipated that future profits will return this to a surplus. Accordingly, the directors continue to adopt the going concern basis in preparing the annual report and financial statements.
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Novus Group Limited Notes to the Accounts for the year ended 30 June 2025
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 July 2024
41,000
76,500
452,295
569,795
Additions
-
3,612
-
3,612
At 30 June 2025
41,000
80,112
452,295
573,407
Depreciation
At 1 July 2024
41,000
60,741
438,854
540,595
Charge for the year
-
4,090
10,659
14,749
At 30 June 2025
41,000
64,831
449,513
555,344
Net book value
At 30 June 2025
-
15,281
2,782
18,063
At 30 June 2024
-
15,759
13,441
29,200
5
Investments
Subsidiary undertakings
£
Valuation at 1 July 2024
17,027
Disposals
(100)
Valuation at 30 June 2025
16,927
The company owns 100% of the issued share capital of the companies in Novus Networks Limited which has an original cost £16,927 ( 2024 - £16,927 ) The company owned 100% of the issued shared capital in Novus Consultants Limited which had an original costs of £100 ( 2024 - £100 ). During the year it was agreed that Novus Consultants Limited would be dissolved via voluntary strike off and this was finalised on 16th December 2025. The investment in this company was not recoverable and is shown as a loss on disposal in the profit and loss account of £100.
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Amounts due from group undertakings etc.
6,042
4,951
7
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings and other participating interests
-
19
Loans from directors
19
-
19
19
Obligations under hire purchase contracts are secured on the assets to which they relate
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Novus Group Limited Notes to the Accounts for the year ended 30 June 2025
9
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2.00
2.00
16,841 A Ordinary Shares of £1 each
16,841.00
16,841.00
3,499 B Ordinary Shares of £0.10 each
349.90
349.90
19,399 C Ordinary Shares of £0.10 each
1,939.90
1,939.90
2,659 D Ordinary Shares of £0.10 each
265.90
265.90
3,499 E Ordinary Shares of £0.10 each
349.90
349.90
19,748.60
19,748.60
10
Transactions with related parties
The company has taken advantage of the exemptions conferred by FRS 102 allowing it not to disclose any transactions with other members of the group that are 100% owned.
11
Average number of employees
During the year the average number of employees was 3 (2024: 3).
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