Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2022-02-01falseNo description of principal activity98true 11628013 2022-02-01 2023-01-31 11628013 2021-02-01 2022-01-31 11628013 2023-01-31 11628013 2022-01-31 11628013 2021-02-01 11628013 c:Director2 2022-02-01 2023-01-31 11628013 d:OfficeEquipment 2022-02-01 2023-01-31 11628013 d:OfficeEquipment 2023-01-31 11628013 d:OfficeEquipment 2022-01-31 11628013 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 11628013 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-01-31 11628013 d:CopyrightsPatentsTrademarksServiceOperatingRights 2022-01-31 11628013 d:ComputerSoftware 2023-01-31 11628013 d:ComputerSoftware 2022-01-31 11628013 d:CurrentFinancialInstruments 2023-01-31 11628013 d:CurrentFinancialInstruments 2022-01-31 11628013 d:Non-currentFinancialInstruments 2023-01-31 11628013 d:Non-currentFinancialInstruments 2022-01-31 11628013 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 11628013 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 11628013 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 11628013 d:Non-currentFinancialInstruments d:AfterOneYear 2022-01-31 11628013 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-01-31 11628013 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-01-31 11628013 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-01-31 11628013 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-01-31 11628013 d:ShareCapital 2022-02-01 2023-01-31 11628013 d:ShareCapital 2023-01-31 11628013 d:ShareCapital 2021-02-01 2022-01-31 11628013 d:ShareCapital 2022-01-31 11628013 d:ShareCapital 2021-02-01 11628013 d:SharePremium 2022-02-01 2023-01-31 11628013 d:SharePremium 2023-01-31 11628013 d:SharePremium 2021-02-01 2022-01-31 11628013 d:SharePremium 2022-01-31 11628013 d:SharePremium 2021-02-01 11628013 d:RetainedEarningsAccumulatedLosses 2022-02-01 2023-01-31 11628013 d:RetainedEarningsAccumulatedLosses 2023-01-31 11628013 d:RetainedEarningsAccumulatedLosses 2021-02-01 2022-01-31 11628013 d:RetainedEarningsAccumulatedLosses 2022-01-31 11628013 d:RetainedEarningsAccumulatedLosses 2021-02-01 11628013 c:OrdinaryShareClass1 2022-02-01 2023-01-31 11628013 c:OrdinaryShareClass1 2023-01-31 11628013 c:OrdinaryShareClass1 2022-01-31 11628013 c:FRS102 2022-02-01 2023-01-31 11628013 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 11628013 c:FullAccounts 2022-02-01 2023-01-31 11628013 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 11628013 d:WithinOneYear 2023-01-31 11628013 d:WithinOneYear 2022-01-31 11628013 d:BetweenOneFiveYears 2023-01-31 11628013 d:BetweenOneFiveYears 2022-01-31 11628013 d:CopyrightsPatentsTrademarksServiceOperatingRights d:ExternallyAcquiredIntangibleAssets 2022-02-01 2023-01-31 11628013 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2022-02-01 2023-01-31 11628013 2 2022-02-01 2023-01-31 11628013 d:ExternallyAcquiredIntangibleAssets 2022-02-01 2023-01-31 11628013 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2022-02-01 2023-01-31 11628013 d:ComputerSoftware d:OwnedIntangibleAssets 2022-02-01 2023-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11628013










NBHD LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

 
NBHD LIMITED
REGISTERED NUMBER: 11628013

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
21,103
20,853

Tangible assets
 5 
10,714
5,102

  
31,817
25,955

Current assets
  

Stocks
  
675,564
431,547

Debtors: amounts falling due within one year
 6 
119,553
125,183

Cash at bank and in hand
 7 
319,819
346,649

  
1,114,936
903,379

Creditors: amounts falling due within one year
 8 
(762,753)
(556,699)

Net current assets
  
 
 
352,183
 
 
346,680

Creditors: amounts falling due after more than one year
 9 
(31,452)
(41,126)

  

Net assets
  
352,548
331,509


Capital and reserves
  

Called up share capital 
 11 
154
146

Share premium account
  
313,474
308,939

Profit and loss account
  
38,920
22,424

  
352,548
331,509


Page 1

 
NBHD LIMITED
REGISTERED NUMBER: 11628013
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2023

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 








A G K Hooper
Director

29 September 2023

The notes on pages 4 to 11 form part of these financial statements.

Page 2

 
NBHD LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2023


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£


At 1 February 2021
139
304,404
(24,387)
280,156



Profit for the year

-
-
46,811
46,811

Shares issued during the year
8
4,535
-
4,543



At 1 February 2022
147
308,939
22,424
331,510



Profit for the year

-
-
16,496
16,496

Shares issued during the year
8
4,535
-
4,543


At 31 January 2023
155
313,474
38,920
352,549


The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
NBHD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

NBHD Limited is a private company, limited by shares, registered in England and Wales, registration number 11628013. The principal activity of the company is retail sale of clothing.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
NBHD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Page 5

 
NBHD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
3 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours

 
2.13

Creditors

Short term creditors are measured at the transaction price. 

Page 6

 
NBHD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.14

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2022 - 8).

Page 7

 
NBHD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

4.


Intangible assets




Trademarks
Computer software
Total

£
£
£



Cost


At 1 February 2022
1,676
27,794
29,470


Additions
-
6,700
6,700



At 31 January 2023

1,676
34,494
36,170



Amortisation


At 1 February 2022
378
8,238
8,616


Charge for the year on owned assets
167
6,284
6,451



At 31 January 2023

545
14,522
15,067



Net book value



At 31 January 2023
1,131
19,972
21,103



At 31 January 2022
1,298
19,556
20,854



Page 8

 
NBHD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 February 2022
7,906


Additions
10,459



At 31 January 2023

18,365



Depreciation


At 1 February 2022
2,805


Charge for the year on owned assets
4,846



At 31 January 2023

7,651



Net book value



At 31 January 2023
10,714



At 31 January 2022
5,102


6.


Debtors

2023
2022
£
£


Trade debtors
79,362
40,234

Other debtors
13,362
-

Prepayments and accrued income
26,829
84,949

119,553
125,183



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
319,819
346,649


Page 9

 
NBHD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,648
8,874

Trade creditors
293,789
205,042

Corporation tax
3,508
8,393

Other taxation and social security
117,276
52,098

Other creditors
4,650
3,393

Accruals and deferred income
332,882
278,899

762,753
556,699



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
31,452
41,126



10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,648
8,874

Amounts falling due 1-2 years

Bank loans
10,648
10,648

Amounts falling due 2-5 years

Bank loans
20,804
30,478


42,100
50,000


Page 10

 
NBHD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,539 (2022 - 1,462) Ordinary Shares shares of £0.10 each
154
146


77 shares were allotted in the year for £0.10 per ordinary share or an aggregate exercise price of £4,543. 


12.


Pension commitments

The entity operates a defined contribution scheme. The assets and the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £3,026 (2022: £1,677). At the year end, an amount of £632 (2022: £853) was owing in respect of pension liabilities.


13.


Commitments under operating leases

At 31 January 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
48,750
-

Later than 1 year and not later than 5 years
138,125
-

186,875
-

 
Page 11