Company Registration No. 05870066 (England and Wales)
Nick Whiteley Services Limited
Unaudited accounts
for the year ended 31 March 2018
Nick Whiteley Services Limited
Unaudited accounts
Contents
Nick Whiteley Services Limited
Company Information
for the year ended 31 March 2018
Company Number
05870066 (England and Wales)
Registered Office
Oveltyne
Fuller street, Fairstead
Chelmsford
Essex
CM3 2AY
Accountants
G Lunt & Co
Glenroyd
West Burton
Leyburn
North Yorkshire
DL8 4JX
Nick Whiteley Services Limited
Statement of financial position
as at 31 March 2018
Tangible assets
40,128
28,002
Cash at bank and in hand
10,264
24,022
Creditors: amounts falling due within one year
(50,813)
(36,327)
Net current assets
5,238
7,967
Total assets less current liabilities
45,366
35,969
Provisions for liabilities
Deferred tax
(7,352)
(5,251)
Called up share capital
2
2
Profit and loss account
38,012
30,716
Shareholders' funds
38,014
30,718
For the year ending 31 March 2018 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 director acknowledges his 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 10 November 2018.
N J Whiteley
Director
Company Registration No. 05870066
Nick Whiteley Services Limited
Notes to the Accounts
for the year ended 31 March 2018
Nick Whiteley Services Limited is a private company, limited by shares, registered in England and Wales, registration number 05870066. The registered office is Oveltyne, Fuller street, Fairstead, Chelmsford, Essex, CM3 2AY.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
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.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
20% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Nick Whiteley Services Limited
Notes to the Accounts
for the year ended 31 March 2018
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2017
52,710
6,200
6,822
65,732
Additions
19,150
-
-
19,150
At 31 March 2018
71,860
6,200
6,822
84,882
At 1 April 2017
27,091
5,366
5,273
37,730
Charge for the year
5,986
167
871
7,024
At 31 March 2018
33,077
5,533
6,144
44,754
At 31 March 2018
38,783
667
678
40,128
At 31 March 2017
25,619
834
1,549
28,002
Trade debtors
42,140
19,630
Accrued income and prepayments
3,647
642
7
Creditors: amounts falling due within one year
2018
2017
Trade creditors
16,339
2,971
Taxes and social security
15,900
17,621
Other creditors
3,000
1,840
Loans from directors
15,574
13,895
Nick Whiteley Services Limited
Notes to the Accounts
for the year ended 31 March 2018
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Transactions with related parties
During the year the company paid dividends of £19,700 (2017: £16,000) to N Whiteley.
The company is controlled by N Whiteley.
11
Average number of employees
During the year the average number of employees was 2 (2017: 3).