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REGISTERED NUMBER: 06464255 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Nigel Clarkson Limited

Nigel Clarkson Limited (Registered number: 06464255)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Nigel Clarkson Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: N S Clarkson





REGISTERED OFFICE: Redland House
157 Redland Road
Redland
Bristol
BS6 6YE





REGISTERED NUMBER: 06464255 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Redland House
157 Redland Road
Redland
Bristol
BS6 6YE

Nigel Clarkson Limited (Registered number: 06464255)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 8,274 10,501
8,274 10,501

CURRENT ASSETS
Debtors 6 6,000 29,188
Cash at bank 19,579 26,709
25,579 55,897
CREDITORS
Amounts falling due within one year 7 15,507 32,842
NET CURRENT ASSETS 10,072 23,055
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,346

33,556

CREDITORS
Amounts falling due after more than one year 8 - (15,398 )

PROVISIONS FOR LIABILITIES 9 (1,572 ) (1,995 )
NET ASSETS 16,774 16,163

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 16,773 16,162
SHAREHOLDERS' FUNDS 16,774 16,163

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

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

The director acknowledges his 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.

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

The financial statements were approved by the director and authorised for issue on 23 October 2023 and were signed by:





N S Clarkson - Director


Nigel Clarkson Limited (Registered number: 06464255)

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

1. STATUTORY INFORMATION

Nigel Clarkson 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 2008, was being amortised evenly over its estimated useful life of ten years. On the adoption of FRS 102 for the Year Ended 31 January 2017, this was changed to amortise the goodwill over 5 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 - 25% on reducing balance basis
Computer equipment - 33.33% on straight line basis

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Nigel Clarkson Limited (Registered number: 06464255)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 25,000
AMORTISATION
At 1 February 2022
and 31 January 2023 25,000
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 February 2022 52,735 901 53,636
Additions 550 - 550
At 31 January 2023 53,285 901 54,186
DEPRECIATION
At 1 February 2022 42,409 726 43,135
Charge for year 2,719 58 2,777
At 31 January 2023 45,128 784 45,912
NET BOOK VALUE
At 31 January 2023 8,157 117 8,274
At 31 January 2022 10,326 175 10,501

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,221 26,101
Other debtors - 2,308
Prepayments 779 779
6,000 29,188

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 4,400
Tax 5,616 12,556
Social security and other taxes 1,527 2,258
Directors' loan accounts 1,078 7,817
Accrued expenses 7,286 5,811
15,507 32,842

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 15,398

Nigel Clarkson Limited (Registered number: 06464255)

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

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,572 1,995

Deferred
tax
£   
Balance at 1 February 2022 1,995
Credit to Income Statement during year (423 )
Balance at 31 January 2023 1,572

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

11. RESERVES
Retained
earnings
£   

At 1 February 2022 16,162
Profit for the year 22,111
Dividends (21,500 )
At 31 January 2023 16,773

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£    £   
N S Clarkson
Balance outstanding at start of year - 7,100
Amounts repaid - (7,100 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £21,500 (2022 - £41,000) were paid to the director .