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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
Page
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Nick Whiteley Services Limited Company Information for the year ended 31 March 2018
Director
N J Whiteley
Secretary
C Chandler
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
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Nick Whiteley Services Limited Statement of financial position as at 31 March 2018
2018 
2017 
Notes
£ 
£ 
Fixed assets
Tangible assets
40,128 
28,002 
Current assets
Debtors
45,787 
20,272 
Cash at bank and in hand
10,264 
24,022 
56,051 
44,294 
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)
Net assets
38,014 
30,718 
Capital and reserves
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
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Nick Whiteley Services Limited Notes to the Accounts for the year ended 31 March 2018
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 taxation
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.
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Nick Whiteley Services Limited Notes to the Accounts for the year ended 31 March 2018
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2017
10,000 
Disposals
(10,000)
At 31 March 2018
- 
Amortisation
At 1 April 2017
10,000 
On disposals
(10,000)
At 31 March 2018
- 
Net book value
At 31 March 2018
- 
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 
Depreciation
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 
Net book value
At 31 March 2018
38,783 
667 
678 
40,128 
At 31 March 2017
25,619 
834 
1,549 
28,002 
6
Debtors
2018 
2017 
£ 
£ 
Trade debtors
42,140 
19,630 
Accrued income and prepayments
3,647 
642 
45,787 
20,272 
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 
50,813 
36,327 
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Nick Whiteley Services Limited Notes to the Accounts for the year ended 31 March 2018
8
Share capital
2018 
2017 
£ 
£ 
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.
10
Controlling party
The company is controlled by N Whiteley.
11
Average number of employees
During the year the average number of employees was 2 (2017: 3).
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