0 false false false true false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 10 10 10 xbrli:pure xbrli:shares iso4217:GBP 04883656 2022-04-01 2023-03-31 04883656 2023-03-31 04883656 2022-03-31 04883656 2022-03-31 04883656 bus:RegisteredOffice 2022-04-01 2023-03-31 04883656 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 04883656 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 04883656 bus:OrdinaryShareClass3 2022-04-01 2023-03-31 04883656 bus:Director1 2022-04-01 2023-03-31 04883656 bus:CompanySecretary1 2022-04-01 2023-03-31 04883656 bus:Director2 2022-04-01 2023-03-31 04883656 bus:Director3 2022-04-01 2023-03-31 04883656 core:AfterOneYear 2023-03-31 04883656 core:AfterOneYear 2022-03-31 04883656 core:ShareCapital 2023-03-31 04883656 core:ShareCapital 2022-03-31 04883656 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 04883656 core:LandBuildings core:OwnedOrFreeholdAssets 2022-03-31 04883656 bus:SmallEntities 2022-04-01 2023-03-31 04883656 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 04883656 bus:FullAccounts 2022-04-01 2023-03-31 04883656 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04883656 bus:OrdinaryShareClass1 2023-03-31 04883656 bus:OrdinaryShareClass1 2022-03-31 04883656 bus:OrdinaryShareClass2 2023-03-31 04883656 bus:OrdinaryShareClass2 2022-03-31 04883656 bus:OrdinaryShareClass3 2023-03-31 04883656 bus:OrdinaryShareClass3 2022-03-31 04883656 bus:AllOrdinaryShares 2023-03-31 04883656 bus:AllOrdinaryShares 2022-03-31
COMPANY REGISTRATION NUMBER: 04883656
Nicholls Concepts Ltd
Unaudited Financial Statements
31 March 2023
Nicholls Concepts Ltd
Financial Statements
Year ended 31 March 2023
Contents
Page
Strategic report
1
Directors' report
2
Statement of financial position
3
Statement of cash flows
4
Notes to the financial statements
5
Nicholls Concepts Ltd
Strategic Report
Year ended 31 March 2023
This report was approved by the board of directors on 20 October 2023 and signed on behalf of the board by:
Lady Judy McAlpine
Huntnews Limited
Director
Company Secretary
Registered office:
The Splash
Newbridge
Hartfield
East Sussex
TN7 4ES
Nicholls Concepts Ltd
Directors' Report
Year ended 31 March 2023
The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2023 .
Directors
The directors who served the company during the year were as follows:
Lady Judy McAlpine
Mrs S Woods
Mrs V Nicholls
Dividends
The directors do not recommend the payment of a dividend.
This report was approved by the board of directors on 20 October 2023 and signed on behalf of the board by:
Lady Judy McAlpine
Huntnews Limited
Director
Company Secretary
Registered office:
The Splash
Newbridge
Hartfield
East Sussex
TN7 4ES
Nicholls Concepts Ltd
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
4
10
10
Current assets
Cash at bank and in hand
22
22
----
----
Net current assets
22
22
----
----
Total assets less current liabilities
32
32
Creditors: amounts falling due after more than one year
5
10
10
----
----
Net assets
22
22
----
----
Capital and reserves
Called up share capital
6
22
22
----
----
Shareholders funds
22
22
----
----
For the 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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of directors and authorised for issue on 20 October 2023 , and are signed on behalf of the board by:
Lady Judy McAlpine
Director
Company registration number: 04883656
Nicholls Concepts Ltd
Statement of Cash Flows
Year ended 31 March 2023
2023
2022
£
£
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
22
22
----
----
Cash and cash equivalents at end of year
22
22
----
----
Nicholls Concepts Ltd
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Splash, Newbridge, Hartfield, East Sussex, TN7 4ES.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. With the exception of the ordinary share capital the company does not have any financial instruments.
4. Tangible assets
Freehold property
£
Cost
At 1 April 2022 and 31 March 2023
10
----
Depreciation
At 1 April 2022 and 31 March 2023
----
Carrying amount
At 31 March 2023
10
----
At 31 March 2022
10
----
5. Creditors: amounts falling due after more than one year
2023
2022
£
£
Director loan accounts
10
10
----
----
6. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary A Shares £1 each shares of £ 1 each
20
20
20
20
Ordinary B Shares £1 each shares of £ 1 each
1
1
1
1
Ordinary C Shares £1 each shares of £ 1 each
1
1
1
1
----
----
----
----
22
22
22
22
----
----
----
----
7. Analysis of changes in net debt
At 1 Apr 2022
Cash flows
At 31 Mar 2023
£
£
£
Cash at bank and in hand
22
22
Debt due after one year
(10)
(10)
----
----
----
12
12
----
----
----
8. Related party transactions
The company was under the control of Lady Judy McAlpine throughout the current and previous year. Lady Judy McAlpine is the managing director and majority shareholder.