1 July 2022 false No description of principal activity Taxfiler 2023.9.1 06281025business:PrivateLimitedCompanyLtd2022-07-012023-06-30 062810252022-06-30 062810252022-07-012023-06-30 06281025business:AuditExemptWithAccountantsReport2022-07-012023-06-30 06281025business:FilletedAccounts2022-07-012023-06-30 062810252023-06-30 062810252022-06-30 06281025core:WithinOneYear2023-06-30 06281025core:WithinOneYear2022-06-30 06281025core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 06281025core:ShareCapitalcore:PreviouslyStatedAmount2022-06-30 06281025core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 06281025core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-06-30 06281025core:PreviouslyStatedAmount2023-06-30 06281025core:PreviouslyStatedAmount2022-06-30 06281025business:SmallEntities2022-07-012023-06-30 06281025business:Director12022-07-012023-06-30 06281025countries:EnglandWales2022-07-012023-06-30 06281025business:RegisteredOffice2022-07-012023-06-30 06281025core:PlantMachinery2022-07-012023-06-30 06281025core:PlantMachinery2022-06-30 06281025core:PlantMachinery2023-06-30 06281025business:OrdinaryShareClass12022-07-012023-06-30 06281025business:OrdinaryShareClass12021-07-012022-06-30 062810252021-07-012022-06-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 06281025 (England and Wales)
Nest Design & Projects Ltd Unaudited accounts for the year ended 30 June 2023
Nest Design & Projects Ltd Unaudited accounts Contents
Page
- 2 -
Nest Design & Projects Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
333 
627 
Current assets
Debtors
128 
4,068 
Cash at bank and in hand
45,930 
139,078 
46,058 
143,146 
Creditors: amounts falling due within one year
(3,272)
(34,519)
Net current assets
42,786 
108,627 
Net assets
43,119 
109,254 
Capital and reserves
Called up share capital
20 
20 
Profit and loss account
43,099 
109,234 
Shareholders' funds
43,119 
109,254 
For the year ending 30 June 2023 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 her 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.
The financial statements were approved by the Board and authorised for issue on 17 October 2023 and were signed on its behalf by
Mrs L Holland Director Company Registration No. 06281025
- 3 -
Nest Design & Projects Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Nest Design & Projects Ltd is a private company, limited by shares, registered in England and Wales, registration number 06281025. The registered office is The Orchard , Roke Marsh, Roke, Wallingford, Oxfordshire, OX10 6JB.
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 as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
- 4 -
Nest Design & Projects Ltd Notes to the Accounts for the year ended 30 June 2023
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss. Government grants received in response to the Covid-19 crisis are credited to the profit and loss account in the period in which the company became entitled to receive them.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 July 2022
5,007 
At 30 June 2023
5,007 
Depreciation
At 1 July 2022
4,380 
Charge for the year
294 
At 30 June 2023
4,674 
Net book value
At 30 June 2023
333 
At 30 June 2022
627 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
128 
- 
Trade debtors
- 
1,828 
Accrued income and prepayments
- 
2,240 
128 
4,068 
- 5 -
Nest Design & Projects Ltd Notes to the Accounts for the year ended 30 June 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
880 
3 
Taxes and social security
452 
21,884 
Loans from directors
84 
5,356 
Accruals
1,856 
1,796 
Deferred income
- 
5,480 
3,272 
34,519 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
20 Ordinary shares of £1 each
20 
20 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
- 6 -