Registered number
10573556
Nicky Ingham and Associates Limited
Filleted Accounts
31 January 2023
Nicky Ingham and Associates Limited
Registered number: 10573556
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 409 543
Current assets
Debtors 4 31,978 19,200
Cash at bank and in hand 42,900 14,192
74,878 33,392
Creditors: amounts falling due within one year 5 (46,481) (19,783)
Net current assets 28,397 13,609
Net assets 28,806 14,152
Capital and reserves
Called up share capital 120 120
Profit and loss account 28,686 14,032
Shareholders' funds 28,806 14,152
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs N Ingham
Director
Approved by the board on 26 September 2023
Nicky Ingham and Associates Limited
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office furniture over 5 years
Computer equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2022 2,465
At 31 January 2023 2,465
Depreciation
At 1 February 2022 1,922
Charge for the year 134
At 31 January 2023 2,056
Net book value
At 31 January 2023 409
At 31 January 2022 543
4 Debtors 2023 2022
£ £
Trade debtors 31,978 19,200
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 24,820 -
Taxation and social security costs 19,738 19,094
Other creditors 1,923 689
46,481 19,783
6 Other information
Nicky Ingham and Associates Limited is a private company limited by shares and incorporated in England. Its registered office is:
5 Aycliffe Drive
Buckshaw Village
Chorley
Lancashire
PR7 7GD
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