Registration number:
Nexus Original Limited
for the Year Ended 31 July 2025
Nexus Original Limited
Contents
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Company Information |
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Director's Report |
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Balance sheet |
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Notes to the Unaudited Financial Statements |
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Accountants' Report |
Nexus Original Limited
Company Information
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Director |
H Shayegan |
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Registered office |
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Accountants |
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Nexus Original Limited
Director's Report for the Year Ended 31 July 2025
The director presents his annual report on the affairs of Nexus Original Limited, together with the unaudited financial statements for the year ended 31 July 2025.
Principal activity
The principal activity of the company is culinary goods and kitchenware.
Director of the company
The director who held office during the year and up to date of approval of this report was as follows:
Going concern
Further funding will be required for working capital purposes. The company is dependent upon the continuing support of the director and external investment to be able to manage the day to day cash flow obligations. The director is confident that this funding will be forthcoming in the necessary timescale. The director therefore consider that it is appropriate to continue to prepare the financial statements on a going concern basis. However, in the absence of the required funding being in place these conditions indicate the existence of a material uncertainty which may cast significant doubt over the company’s ability to continue as a going concern and, therefore, that it may be unable to realise its assets and discharge its liabilities in the normal course of business. The financial statements do not include the adjustments that would result if the company was unable to continue as a going concern.
Small companies provision statement
The directors have taken advantage of the small companies exemptions provided by sections 414B and 415A of the Companies Act 2006 from the requirement to prepare a strategic report and in preparing the directors’ report on the grounds that the company is entitled to prepare its accounts for the year in accordance with the small companies regime.
Approved and authorised by the
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Nexus Original Limited
(Registration number: 07230943)
Balance sheet as at 31 July 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Intangible assets |
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Tangible fixed assets |
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Current assets |
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Stock |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Net liabilities |
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Share capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' deficit |
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For the financial 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.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements of Nexus Original Limited were approved and authorised for issue by the
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Director
Nexus Original Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 July 2025
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General information |
Nexus Original Limited (the 'company') is a private company limited by share capital, registered in England and Wales under the Companies Act. The address of the registered office is given on page 1. The nature of the company’s operations and its principal activities are set out in the directors' report on page 2.
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Accounting policies |
Going concern
Further funding will be required for working capital purposes. The company is dependent upon the continuing support of the director and external investors to be able to manage the day to day cash flow obligations. The director is confident that this funding will be forthcoming in the necessary timescale. The director therefore consider that it is appropriate to continue to prepare the financial statements on a going concern basis. However, in the absence of the required funding being in place these conditions indicate the existence of a material uncertainty which may cast significant doubt over the company’s ability to continue as a going concern and, therefore, that it may be unable to realise its assets and discharge its liabilities in the normal course of business. The financial statements do not include the adjustments that would result if the company was unable to continue as a going concern.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).
Judgements and key sources of estimation uncertainties
In the opinion of the director there are no judgements or key sources of estimation uncertainty which could materially affect the financial statements.
Nexus Original Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 July 2025 (continued)
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Accounting policies (continued) |
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities net of value added tax, returns, rebates and discounts. The Company recognises revenue when the amount of revenue can be reliably measured, and it is probable that future economic benefits will flow to the entity.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Tangible fixed assets
Tangible fixed assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible fixed assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Equipment, fixtures and fittings |
25% on cost |
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Computer equipment |
33.3% on cost |
Nexus Original Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 July 2025 (continued)
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Accounting policies (continued) |
Intangible assets
Website development costs are stated at cost less accumulated amortisation and accumulated impairment losses. Costs are amortised over its estimated useful life, of five years, on a straight line basis.
Where factors, such as technological advancement or changes in market price, indicate that residual value or useful life have changed, the residual value, useful life or amortisation rate are amended prospectively to reflect the new circumstances.
The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and held at bank.
Trade receivables
Trade receivables are amounts due from customers for merchandise sold or services provided in the ordinary course of business.
Trade receivables are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.
Stock
Stocks comprise of finished goods.
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
Trade payables
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Payables are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade payables are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Nexus Original Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 July 2025 (continued)
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Accounting policies (continued) |
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Financial instruments
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Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Nexus Original Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 July 2025 (continued)
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Intangible assets |
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Website |
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Cost |
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At 1 August 2024 |
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At 31 July 2025 |
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Amortisation |
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At 1 August 2024 |
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Amortisation charge |
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At 31 July 2025 |
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Carrying amount |
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At 31 July 2025 |
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At 31 July 2024 |
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Nexus Original Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 July 2025 (continued)
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Tangible fixed assets |
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Furniture, fittings and equipment |
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Cost |
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At 1 August 2024 |
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At 31 July 2025 |
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Depreciation |
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At 1 August 2024 |
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Charge for the year |
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At 31 July 2025 |
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Carrying amount |
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At 31 July 2025 |
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At 31 July 2024 |
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Stock |
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2025 |
2024 |
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Goods for resale |
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Receivables |
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2025 |
2024 |
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Trade debtors |
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Prepayments |
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Other debtors |
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Nexus Original Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 July 2025 (continued)
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Payables |
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Note |
2025 |
2024 |
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Due within one year |
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Loans |
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Trade payables |
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Taxation and social security |
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Accruals and deferred income |
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Other payables |
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Included in loans is a £661,834 (2024: £563,646) loan from director, H Shayegan which is interest free and repayable on demand.
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Share capital and reserves |
Allotted, called up and fully paid shares
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2025 |
2024 |
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No. |
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No. |
£ |
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99 |
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99 |
The company has one class of share capital which carries no right to fixed income.
Reserves
The retained earnings reserve represents cumulative profit or losses net of dividends paid and other adjustments.
Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Nexus Original Limited
for the Year Ended 31 July 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Nexus Original Limited for the year ended 31 July 2025 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.
As a practising firm of accountants, we are subject to ethical and other professional requirements.
This report is made solely to the director of Nexus Original Limited, in accordance with the terms of our engagement letter dated 30 June 2016. Our work has been undertaken solely to prepare for your approval the accounts of Nexus Original Limited and state those matters that we have agreed to state to the director of Nexus Original Limited, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nexus Original Limited and its director for our work or for this report.
It is your duty to ensure that Nexus Original Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Nexus Original Limited. You consider that Nexus Original Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Nexus Original Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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For and on behalf of
19 Cedar Road
Sutton
Surrey
SM2 5DA