Stephen P. Nixon Limited 03039216 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is that of the provision of engineering services to the manufacturing industry. Digita Accounts Production Advanced 6.30.9574.0 true 03039216 2022-04-01 2023-03-31 03039216 2023-03-31 03039216 core:RetainedEarningsAccumulatedLosses 2023-03-31 03039216 core:ShareCapital 2023-03-31 03039216 core:CurrentFinancialInstruments 2023-03-31 03039216 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 03039216 core:OfficeEquipment 2023-03-31 03039216 bus:SmallEntities 2022-04-01 2023-03-31 03039216 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 03039216 bus:FullAccounts 2022-04-01 2023-03-31 03039216 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 03039216 bus:RegisteredOffice 2022-04-01 2023-03-31 03039216 bus:Director1 2022-04-01 2023-03-31 03039216 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 03039216 core:OfficeEquipment 2022-04-01 2023-03-31 03039216 countries:EnglandWales 2022-04-01 2023-03-31 03039216 2021-04-01 2022-03-31 03039216 2022-03-31 03039216 core:RetainedEarningsAccumulatedLosses 2022-03-31 03039216 core:ShareCapital 2022-03-31 03039216 core:CurrentFinancialInstruments 2022-03-31 03039216 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 03039216

Stephen P. Nixon Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Stephen P. Nixon Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Stephen P. Nixon Limited

(Registration number: 03039216)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

600

-

Current assets

 

Debtors

5

66

59

Cash at bank and in hand

 

36,780

33,747

 

36,846

33,806

Creditors: Amounts falling due within one year

6

(33,661)

(31,990)

Net current assets

 

3,185

1,816

Net assets

 

3,785

1,816

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

2,785

816

Shareholders' funds

 

3,785

1,816

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 13 October 2023
 

.........................................
Mr Stephen Paul Nixon
Director

 

Stephen P. Nixon Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
24 Warreners Walk
Tunstall
Stoke On Trent
Staffordshire
ST6 5SF

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Stephen P. Nixon Limited

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

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% straight line

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Stephen P. Nixon Limited

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

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

Additions

600

600

At 31 March 2023

600

600

Depreciation

Carrying amount

At 31 March 2023

600

600

5

Debtors

Current

2023
£

2022
£

Other debtors

66

59

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Other creditors

33,661

31,990