Nusole Ltd - Accounts

Nusole Ltd - Accounts

NUSOLE LTD - Company Information

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Registered Number: 12022899
England and Wales

 

 

 

NUSOLE LTD


Abridged Accounts
 


Period of accounts

Start date: 29 May 2019

End date: 31 May 2020

Nusole Ltd
Contents Page
For the period ended 31 May 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of Nusole Ltd for the year ended 31 May 2020 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the directors of Nusole Ltd in accordance with our terms of engagement. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its directors for our work or for this report.

It is your duty to ensure that Nusole Ltd has kept adequate accounting records
and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Nusole Ltd.
You consider that Nusole Ltd is exempt from the statutory audit requirement for the period and we have not been instructed to carry out an audit or a review of the financial statements of Nusole Ltd. 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 financial statements.



....................................................
Burton Varley Ltd
Bank Chambers
93 Lapwing Lane
Manchester
M20 6UR
14 May 2021
1
 
 		 Notes
 		 2020
£
Fixed assets    
Tangible fixed assets 3 4,496 
4,496 
Current assets    
Cash at bank and in hand 10,629 
Creditors: amount falling due within one year (12,509)
Net current liabilities (1,880)
 
Total assets less current liabilities 2,616 
Net assets 2,616 
 

Capital and reserves 		   
Called up share capital 4 100 
Profit and loss account 2,516 
Shareholders funds 2,616 
 


For the period ended 31 May 2020 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 14 May 2021 and were signed on its behalf by:


--------------------------------
Luke Ross
Director
2
General Information
Nusole Ltd is a private company, limited by shares,registered in England and Wales,registration number 12022899,registration address Container 54 Pollard Yard, 15 Pollard Street East, Manchester, M40 7QX

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
2.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 29 May 2019 -    -    - 
Additions 1,857    3,762    5,619 
Disposals -    -    - 
At 31 May 2020 1,857    3,762    5,619 
Depreciation
At 29 May 2019 -    -    - 
Charge for period 371    752    1,123 
On disposals -    -    - 
At 31 May 2020 371    752    1,123 
Net book values
Closing balance as at 31 May 2020 1,486    3,010    4,496 
Opening balance as at 29 May 2019 -    -    - 


3.

Share Capital

Allotted, called up and fully paid
2020
£
100 Class A shares of £1.00 each 100 
100 

4.

Average number of employees

Average number of employees during the period was 2.
3