Nova-speed Ltd

Nova Speed d.o.o. from Harrow, UK, is a small, active company founded just one year ago. It’s a solo-founded operation with a real address, one director, and one owner. The company meets the criteria for a small business, with turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The company’s website showcases a range of services, primarily focused on import, export, transportation, distribution, and warehousing. It seems to operate as a logistics provider, offering consignment distribution, courier services, and various transport options including maritime, air, and express. The site also mentions “Latest Articles,” suggesting a blog or news section, but it’s not particularly active. It's not clearly an e-commerce site itself, but rather a support service for businesses needing logistics solutions.

Financially, Nova-speed Ltd presents a somewhat peculiar picture. While technically meeting the criteria for exemption from an audit, the reported figures are extremely low. Net assets are a mere £1, and both debtors and net current assets are also reported as £1. This is unusual, even for a small company. Bank borrowings are also reported as £1. The company’s description of principal activities is missing from the report, which is not uncommon for abridged accounts. The accounts are described as abridged, prepared under the historical cost convention, and compliant with FRS 102. It's worth noting that the company is described as “dormant false” and that the revenue recognition policy involves invoiced values net of VAT and trade discounts.

Overall, Nova-speed Ltd’s financial health is difficult to assess given the incredibly low reported numbers. It's possible these figures represent a very early-stage business still ramping up operations, or perhaps there’s been an accounting error. The lack of detail and the minimal reported assets and liabilities raise questions, but without further information, it’s hard to draw definitive conclusions. The company’s focus on logistics services suggests a business-to-business model, which could explain the relatively low turnover—it’s likely acting as an intermediary rather than selling directly to consumers.

Registered in England/Wales under the registration number 14966602, with a registered address at HA2 0NB, England, Harrow, 39a Brooke Avenue.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.