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Company Registration No. 14253402 (England and Wales)
Novatide Electrical Services Ltd Unaudited accounts for the year ended 31 July 2025
Novatide Electrical Services Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Novatide Electrical Services Ltd Company Information for the year ended 31 July 2025
Director
James Murphy
Company Number
14253402 (England and Wales)
Registered Office
13 The Close Norwich NR1 4DS United Kingdom
Accountants
JHW Azoth Ltd 13 The Close Norwich Norfolk NR1 4DS
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Novatide Electrical Services Ltd Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
7,929
8,472
Current assets
Inventories
10,000
14,500
Debtors
5
9,132
33,843
Cash at bank and in hand
18,477
7,146
37,609
55,489
Creditors: amounts falling due within one year
6
(27,355)
(57,670)
Net current assets/(liabilities)
10,254
(2,181)
Total assets less current liabilities
18,183
6,291
Creditors: amounts falling due after more than one year
7
-
(1,219)
Provisions for liabilities
Deferred tax
(1,982)
(2,118)
Net assets
16,201
2,954
Capital and reserves
Called up share capital
100
100
Profit and loss account
16,101
2,854
Shareholders' funds
16,201
2,954
For the year ending 31 July 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 26 February 2026 and were signed on its behalf by
James Murphy Director Company Registration No. 14253402
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Novatide Electrical Services Ltd Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
Novatide Electrical Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 14253402. The registered office is 13 The Close, Norwich, NR1 4DS, United Kingdom.
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
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Computer equipment
33% Straight Line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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 assets and liabilities are not discounted.
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Novatide Electrical Services Ltd Notes to the Accounts for the year ended 31 July 2025
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.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 August 2024
5,959
8,100
308
14,367
Additions
-
5,000
-
5,000
Disposals
-
(6,400)
-
(6,400)
At 31 July 2025
5,959
6,700
308
12,967
Depreciation
At 1 August 2024
2,607
3,178
110
5,895
Charge for the year
839
902
102
1,843
On disposals
-
(2,700)
-
(2,700)
At 31 July 2025
3,446
1,380
212
5,038
Net book value
At 31 July 2025
2,513
5,320
96
7,929
At 31 July 2024
3,352
4,922
198
8,472
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
1,090
-
Trade debtors
2,154
10,278
Other debtors
5,888
23,565
9,132
33,843
6
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
-
1,045
Trade creditors
442
-
Taxes and social security
11,069
11,559
Other creditors
3,104
395
Loans from directors
12,740
44,671
27,355
57,670
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Novatide Electrical Services Ltd Notes to the Accounts for the year ended 31 July 2025
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
-
1,219
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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