Novalync Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 12347997

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		12,985		25,181

			12,985		25,181
CURRENT ASSETS
Debtors	5	7,632		3,666
Cash at bank and in hand		74,109		37,220

		81,741		40,886
Creditors: Amounts Falling Due Within One Year	6	(42,915 )		(15,128 )

NET CURRENT ASSETS (LIABILITIES)			38,826		25,758

TOTAL ASSETS LESS CURRENT LIABILITIES			51,811		50,939

NET ASSETS			51,811		50,939

CAPITAL AND RESERVES
Called up share capital	7		1		1
Profit and Loss Account			51,810		50,938

SHAREHOLDERS' FUNDS			51,811		50,939

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Novalync Ltd

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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 Shabaaz Iqbal

Director

15/07/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Novalync Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12347997 . The registered office is 91 Bridle Road, Burton Joyce, Nottingham, NG14 5FS.

On 01/08/2025, the company passed a special resolution in accordance with Section 77 of the Companies Act 2006, approving the change of its registered name from Skinq UK Ltd to Novalync Ltd. The change was duly registered at Companies House on 01/08/2025, pursuant to Section 80 of the Companies Act 2006.

This change relates solely to the company’s registered name and does not affect its legal status, continuity, or the rights and obligations of the company.

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.

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% on cost
Motor Vehicles	25% on cost
Computer Equipment	25% on cost

2.4. Financial Instruments

The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction

price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of

the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of

impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present

value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is

recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from

suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are

presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured

at amortised cost using the effective interest method.

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Novalync Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. 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 comprehensive income 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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2025	115	43,390	6,394	49,899

As at 31 December 2025	115	43,390	6,394	49,899

Depreciation
As at 1 January 2025	115	21,695	2,908	24,718
Provided during the period	-	10,848	1,348	12,196

As at 31 December 2025	115	32,543	4,256	36,914

Net Book Value
As at 31 December 2025	-	10,847	2,138	12,985

As at 1 January 2025	-	21,695	3,486	25,181

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	7,632	3,666

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Novalync Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	(1 )	(1 )
Other creditors	34,387	15,129
Taxation and social security	8,529	-

	42,915	15,128

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

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