Company Registration No. 04122946 (England and Wales)
Novus Consultants Limited
Unaudited accounts
for the year ended 31 October 2017
Novus Consultants Limited
Unaudited accounts
Contents
Novus Consultants Limited
Company Information
for the year ended 31 October 2017
Directors
D C W Allison
K W Zygmunt
P J Marsden
Company Number
04122946 (England and Wales)
Registered Office
The Old Corn Mill
Congleton Road
Siddington, Macclesfield
Cheshire
SK11 9JR
Accountants
Taylor Consultancy, Chartered Certified Accountants
Primary House
Spring Gardens
Macclesfield
Cheshire
SK10 2DX
Novus Consultants Limited
Statement of financial position
as at 31 October 2017
Cash at bank and in hand
40,304
31,354
Creditors: amounts falling due within one year
(209,785)
(244,299)
Net current liabilities
(140,741)
(140,719)
Net liabilities
(140,741)
(140,719)
Called up share capital
100
100
Profit and loss account
(140,841)
(140,819)
Shareholders' funds
(140,741)
(140,719)
For the year ending 31 October 2017 the company was entitled to exemption from audit 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.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 9 February 2018.
D C W Allison
Director
Company Registration No. 04122946
Novus Consultants Limited
Notes to the Accounts
for the year ended 31 October 2017
Novus Consultants Limited is a private company, limited by shares, registered in England and Wales, registration number 04122946. The registered office is The Old Corn Mill, Congleton Road, Siddington, Macclesfield, Cheshire, SK11 9JR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 October 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Trade debtors
28,740
60,480
Amounts due from group undertakings etc.
-
11,746
Novus Consultants Limited
Notes to the Accounts
for the year ended 31 October 2017
5
Creditors: amounts falling due within one year
2017
2016
Amounts owed to group undertakings and other participating interests
183,364
-
Taxes and social security
26,421
26,920
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Transactions with related parties
Novus Consultants Limited is a 100% owned subsidiary company of Novus Group Limited
During the year Novus Group Limited charged Novus Consultants £Nil ( 2015 £9,442) for the hire of assets and Novus Consultants Limited paid Novus Group Limited management fees of £Nil ( 2016 £35,000)
At the balance sheet date Novus Group Limited was owed £183,364 ( 2016 (£11,746)) by Novus Consultants Limited, the loan is subject to interest at a commercial rate and repayable upon demand
The company is 100% owned by Novus Group Limited, a company registered in England and Wales
9
Average number of employees
During the year the average number of employees was 3 (2016: 3).
