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Registered number: 07791696
Nodax UK Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2025
Good Practices & Service Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07791696
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,517 2,668
2,517 2,668
CURRENT ASSETS
Stocks 32,909 42,855
Debtors 5 4,000 15,837
Cash at bank and in hand 15,321 40,312
52,230 99,004
Creditors: Amounts Falling Due Within One Year 6 (97,716 ) (155,845 )
NET CURRENT ASSETS (LIABILITIES) (45,486 ) (56,841 )
TOTAL ASSETS LESS CURRENT LIABILITIES (42,969 ) (54,173 )
Creditors: Amounts Falling Due After More Than One Year 7 (23,372 ) -
NET LIABILITIES (66,341 ) (54,173 )
CAPITAL AND RESERVES
Called up share capital 8 200 200
Profit and Loss Account (66,541 ) (54,373 )
SHAREHOLDERS' FUNDS (66,341) (54,173)
Page 1
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For the year ending 30 September 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Damian Smolenkiewicz
Director
08/07/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Nodax UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07791696 . The registered office is Cornfields Barn 1, Sibleys Lane, Thaxted, Dunmow, Essex, CM6 2NU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25%
Fixtures & Fittings 25%
Computer Equipment 33%
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs.
2.5. 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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of profit and loss because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Provision is made for Deferred Taxation using the liability method to take account of timing differences between the incidence of income and expenditure for taxation and accounting purposes, that have originated, but not reversed at the Balance Sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 4)
5 4
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4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 October 2024 16,401
Additions 1,874
Disposals (3,839 )
As at 30 September 2025 14,436
Depreciation
As at 1 October 2024 13,733
Provided during the period 2,023
Disposals (3,837 )
As at 30 September 2025 11,919
Net Book Value
As at 30 September 2025 2,517
As at 1 October 2024 2,668
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors - (2,893 )
Other debtors 4,000 18,730
4,000 15,837
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 18,370 26,096
Bank loans and overdrafts 30,491 75,652
Other creditors 15,649 15,512
Taxation and social security 33,206 38,585
97,716 155,845
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 23,372 -
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8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 200 200
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