Company Registration No. 07951607 (England and Wales)
S.Nicolaou & Sons Ltd
Unaudited accounts
for the year ended 28 February 2023
S.Nicolaou & Sons Ltd
Unaudited accounts
Contents
S.Nicolaou & Sons Ltd
Company Information
for the year ended 28 February 2023
Company Number
07951607 (England and Wales)
Registered Office
246 LONDON ROAD
GUILDFORD
SURREY
GU4 7LD
ENGLAND
Accountants
IDS Accountants Ltd
4 Pallister Road
Clacton On Sea
Essex
CO15 1PQ
S.Nicolaou & Sons Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
288,391
288,393
Cash at bank and in hand
1,893
907
Creditors: amounts falling due within one year
(20,646)
(28,288)
Net current liabilities
(18,753)
(27,381)
Total assets less current liabilities
269,638
261,012
Creditors: amounts falling due after more than one year
(242,986)
(242,986)
Called up share capital
100
100
Profit and loss account
26,552
17,926
Shareholders' funds
26,652
18,026
For the year ending 28 February 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 his 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 5 April 2023 and were signed on its behalf by
Doros Nicolaou
Director
Company Registration No. 07951607
S.Nicolaou & Sons Ltd
Notes to the Accounts
for the year ended 28 February 2023
S.Nicolaou & Sons Ltd is a private company, limited by shares, registered in England and Wales, registration number 07951607. The registered office is 246 LONDON ROAD, GUILDFORD, SURREY, GU4 7LD, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 March 2022
288,385
800
289,185
At 28 February 2023
288,385
800
289,185
At 28 February 2023
-
794
794
At 28 February 2023
288,385
6
288,391
At 28 February 2022
288,385
8
288,393
S.Nicolaou & Sons Ltd
Notes to the Accounts
for the year ended 28 February 2023
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
2,022
1,988
Loans from directors
17,824
25,500
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
242,986
242,986
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).