NOVADEC NW LIMITED

NOVADEC NW LIMITED

NOVADEC NW LIMITED - Company Information

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NOVADEC NW LIMITED

Company Registration Number:
11388013 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2022

Period of accounts

Start date: 01 March 2021

End date: 28 February 2022

NOVADEC NW LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2022

Balance sheet
Notes

NOVADEC NW LIMITED

Balance sheet

As at 28 February 2022


Notes
2022
9 months to 28 February 2021


£
£
Fixed assets
Tangible assets: 3 1,686 2,653
Total fixed assets: 1,686 2,653
Current assets
Debtors:   2,656 21,999
Cash at bank and in hand: 436
Total current assets: 3,092 21,999
Creditors: amounts falling due within one year:   (8,386) (32,175)
Net current assets (liabilities): (5,294) (10,176)
Total assets less current liabilities: (3,608) (7,523)
Provision for liabilities:   (293)
Total net assets (liabilities): (3,608) (7,816)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (3,708) (7,916)
Shareholders funds: (3,608) (7,816)

The notes form part of these financial statements

NOVADEC NW LIMITED

Balance sheet statements

For the year ending 28 February 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 07 October 2022
and signed on behalf of the board by:

Name: S Moffatt
Status: Director

The notes form part of these financial statements

NOVADEC NW LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:Fixtures and fittings 15% straight lineMotor vehicles 25% straight lineThe gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

NOVADEC NW LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2022

2. Employees

2022 9 months to 28 February 2021
Average number of employees during the period 1 1

NOVADEC NW LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2022

3. Tangible Assets

Total
Cost £
At 01 March 2021 4,525
At 28 February 2022 4,525
Depreciation
At 01 March 2021 1,872
Charge for year 967
At 28 February 2022 2,839
Net book value
At 28 February 2022 1,686
At 28 February 2021 2,653