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REGISTERED NUMBER: 09423142 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Nielsens Accountants Limited

Nielsens Accountants Limited (Registered number: 09423142)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Nielsens Accountants Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr S P Dubb FCA (Hons) FCA
Mr D U Shah FCA
Mr M R Mandalia BSc (Hons) FCA





SECRETARY:





REGISTERED OFFICE: The Gatehouse
453 Cranbrook Road
Ilford
Essex
IG2 6EW





REGISTERED NUMBER: 09423142 (England and Wales)





ACCOUNTANTS: Nielsens
Chartered Accountants
The Gatehouse
453 Cranbrook Road
Ilford
Essex
IG2 6EW

Nielsens Accountants Limited (Registered number: 09423142)

Abridged Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,600 9,900
Tangible assets 5 17,703 18,795
24,303 28,695

CURRENT ASSETS
Stocks 12,250 10,500
Debtors 340,718 276,549
Cash at bank and in hand 51,150 94,228
404,118 381,277
CREDITORS
Amounts falling due within one year 182,184 185,604
NET CURRENT ASSETS 221,934 195,673
TOTAL ASSETS LESS CURRENT
LIABILITIES

246,237

224,368

CAPITAL AND RESERVES
Called up share capital 800 800
Retained earnings 245,437 223,568
SHAREHOLDERS' FUNDS 246,237 224,368

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

Nielsens Accountants Limited (Registered number: 09423142)

Abridged Balance Sheet - continued
31 March 2023



The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2023 and were signed on its behalf by:




Mr S P Dubb FCA (Hons) FCA - Director Mr M R Mandalia BSc (Hons) FCA - Director




Mr D U Shah FCA - Director


Nielsens Accountants Limited (Registered number: 09423142)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Nielsens Accountants Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Nielsens Accountants Limited (Registered number: 09423142)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 33,000
AMORTISATION
At 1 April 2022 23,100
Amortisation for year 3,300
At 31 March 2023 26,400
NET BOOK VALUE

At 31 March 2023 6,600
At 31 March 2022 9,900

Nielsens Accountants Limited (Registered number: 09423142)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 27,846
Additions 2,032
At 31 March 2023 29,878
DEPRECIATION
At 1 April 2022 9,051
Charge for year 3,124
At 31 March 2023 12,175
NET BOOK VALUE
At 31 March 2023 17,703
At 31 March 2022 18,795

6. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.