NOVA Accountancy Ltd - Filleted accounts

Registered number

07594790

NOVA Accountancy Ltd

Filleted Accounts

28 August 2026

NOVA Accountancy Ltd
Registered number:		07594790
Balance Sheet
as at 28 August 2026

Notes			2026
£
Fixed assets
Intangible assets	4		-
Tangible assets	5		1,191
Investments	6		-
			1,191

Current assets
Stocks		-
S455 Recoverable	7	55,408
Investments held as current assets	8	-
Cash at bank and in hand		507,135
		562,543

Creditors: amounts falling due within one year	9	(53)

Net current assets			562,490

Total assets less current liabilities			563,681

Creditors: amounts falling due after more than one year	10		-

Provisions for liabilities			-


Net assets			563,681

Capital and reserves
Called up share capital			100
Share premium			-
Revaluation reserve	12		-
Profit and loss account			563,581

Shareholder's funds			563,681

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Desi Tulloch
Director
Approved by the board on 29 August 2026

NOVA Accountancy Ltd
Notes to the Accounts
for the period from 1 May 2026 to 28 August 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions



2	Exceptional items					2026
£




						-


3	Employees					2026
Number

	Average number of persons employed by the company					2


4	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 May 2026							-
	Additions							-
	Disposals							-
	At 28 August 2026							-

	Amortisation
	At 1 May 2026							-
	Provided during the period							-
	On disposals							-
	At 28 August 2026							-

	Net book value
	At 28 August 2026							-
	At 30 April 2026							-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


5	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 May 2026	-		2,241		-		2,241
	Additions	-		275		-		275
	Surplus on revaluation	-		-		-		-
	Disposals	-		-		-		-
	At 28 August 2026	-		2,516		-		2,516

	Depreciation
	At 1 May 2026	-		1,325		-		1,325
	Charge for the period	-		-		-		-
	Surplus on revaluation	-		-		-		-
	On disposals	-		-		-		-
	At 28 August 2026	-		1,325		-		1,325

	Net book value
	At 28 August 2026	-		1,191		-		1,191
	At 30 April 2026	-		916		-		916


	Freehold land and buildings:					2026
£
	Historical cost					-
	Cumulative depreciation based on historical cost					-
						-
	[For revalued assets, state the years in which the assets were valued and their values. For assets revalued during the reporting period, state the names of the persons who revalued them or particulars of their qualifications for doing so and the bases of valuation used by them.]


6	Investments
Investments in
subsidiary					Other
undertakings					investments		Total
£					£		£
	Cost
	At 1 May 2026			-		-		-
	Additions			-		-		-
	Revaluation			-		-		-
	Disposals			-		-		-

	At 28 August 2026			-		-		-

	Historical cost
	At 1 May 2026			-		-
	At 28 August 2026			-		-

	[For revalued investments, see FRS 102 paragraphs 1AC.15, 1AC.22 and 1AC.23 for disclosures]


7	Debtors					2026
£

	Trade debtors					-
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					-
	Deferred tax asset					-
	S455 Recoverable					55,408
						55,408

	Amounts due after more than one year included above					-


8	Investments held as current assets					2026
£
	Fair value
	Listed investments					-
	Unlisted investments					-
						-

	Increase/(decrease) in fair value included in the profit and loss account for the period
	Listed investments					-
	Unlisted investments					-
						-

	[For revalued investments, see FRS 102 paragraphs 1AC.22 and 1AC.23 for disclosures]


9	Creditors: amounts falling due within one year					2026
£

	Non-equity preference shares					-
	Bank loans and overdrafts					-
	Obligations under finance lease and hire purchase contracts					-
	Trade creditors					-
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					-
	Taxation and social security costs					53
	Other creditors					-
						53


10	Creditors: amounts falling due after one year					2026
£

	Non-equity preference shares					-
	Bank loans					-
	Obligations under finance lease and hire purchase contracts					-
	Trade creditors					-
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					-
	Other creditors					-
						-


11	Loans					2026
£
	Creditors include:
	Amounts payable otherwise than by instalment falling due for payment after more than five years					-
	Instalments falling due for payment after more than five years					-
						-


	Secured bank loans					-

	[Give an indication of the nature and form of the security for the bank loans]


12	Revaluation reserve					2026
£

	At 1 May 2026					-
	Gain on revaluation of land and buildings					-
	Deferred taxation arising on the revaluation of land and buildings					-

	At 28 August 2026					-


13	Events after the reporting date




14	Capital commitments					2026
£

	Amounts contracted for but not provided in the accounts					-


15	Pension commitments




16	Other financial commitments					2026
£

	Total future minimum payments under non-cancellable operating leases					-


17	Contingent liabilities




18	Off-balance sheet arrangements




19	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Desi Tulloch
		-		-		-		-
		-		-		-		-


		-		-		-		-
	No other loans, advances or guarantees were made to or on behalf of the director during the period.



20	Guarantees made by the company on behalf of directors
	Main terms			Maximum	Amount paid
liability					and incurred
£					£
	Desi Tulloch

				-		-


21	Related party transactions




22	Controlling party


23	Other information


	NOVA Accountancy Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	49 Cranbourne Avenue
	Wanstead
	London

	E11 2BH

24	Director’s Loan Account and Section 455 Tax

	All amounts previously advanced to the director were settled in full in January 2026, and accordingly no movements occurred during the period from 1 May 2026 to 28 August 2026. The closing balance on the director’s loan account at 28 August 2026 was £nil. As the loan was repaid before the period began, the company became entitled to a refund of Section 455 tax previously paid to HMRC. A recoverable amount of £55,408 has been recognised as a current asset and is disclosed within Debtors in Note 7. Under CTA 2010 s.458, HMRC may only repay Section 455 tax nine months and one day after the end of the accounting period in which the loan was repaid. The statutory repayment date is 1 February 2027, and the company will submit the reclaim to HMRC after that date.
25	Pension Contribution
	During the period, the company made a one-off employer pension contribution of £240,000 on behalf of the director. This contribution was paid directly from company funds and is included within Administrative expenses – Employee costs in the profit and loss account. The contribution was made in accordance with the director’s contractual entitlements and the company’s defined contribution pension arrangements, and reflects the director’s available employer pension allowance for the 2026–27 tax year (£60,000) together with unused allowances carried forward from the three preceding tax years.