REGISTERED NUMBER: NI061774 (Northern Ireland)

Unaudited Financial Statements

for the Year Ended

30 November 2025

for

Novalution (NI) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Coyle

REGISTERED OFFICE:

547 Falls Road

Belfast

Antrim

BT11 9AB

REGISTERED NUMBER:

NI061774 (Northern Ireland)

ACCOUNTANTS:

M.B.McGrady & Co.

547 Falls Road

Belfast

Co. Antrim

BT11 9AB

FIXED ASSETS

Intangible assets

4

70,000

70,000

Tangible assets

5

34,913

35,774

104,913

105,774

CURRENT ASSETS

Stocks

5,000

5,000

Debtors

6

41,267

55,690

Cash at bank

193

191

46,460

60,881

CREDITORS

Amounts falling due within one year

7

93,048

104,623

NET CURRENT LIABILITIES

(46,588

)

(43,742

)

TOTAL ASSETS LESS CURRENT LIABILITIES

58,325

62,032

CREDITORS

Amounts falling due after more than one year

8

-

2,612

NET ASSETS

58,325

59,420

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

58,323

59,418

58,325

59,420

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 August 2026 and were signed by:

S Coyle - Director

1.	STATUTORY INFORMATION

Novalution (NI) Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Fixtures and fittings

-

33% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2024

and 30 November 2025

70,000

NET BOOK VALUE

At 30 November 2025

70,000

At 30 November 2024

70,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 December 2024

41,336

20,434

58,322

120,092

Additions

-

583

-

583

At 30 November 2025

41,336

21,017

58,322

120,675

DEPRECIATION

At 1 December 2024

7,441

18,986

57,891

84,318

Charge for year

826

510

108

1,444

At 30 November 2025

8,267

19,496

57,999

85,762

NET BOOK VALUE

At 30 November 2025

33,069

1,521

323

34,913

At 30 November 2024

33,895

1,448

431

35,774

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/25

30/11/24

£

£

Trade debtors

33,973

32,978

Other debtors

7,294

22,712

41,267

55,690

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/25

30/11/24

£

£

Bank loans and overdrafts

12,891

12,080

Trade creditors

39,325

40,253

Taxation and social security

5,113

8,484

Other creditors

35,719

43,806

93,048

104,623

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/11/25

30/11/24

£

£

Bank loans

-

2,612