1 February 2022 false No description of principal activity Taxfiler 2023.10 10943396business:PrivateLimitedCompanyLtd2022-02-012023-01-31 109433962022-01-31 109433962022-02-012023-01-31 10943396business:AuditExemptWithAccountantsReport2022-02-012023-01-31 10943396business:FilletedAccounts2022-02-012023-01-31 109433962023-01-31 109433962022-01-31 10943396core:WithinOneYear2023-01-31 10943396core:WithinOneYear2022-01-31 10943396core:AfterOneYear2023-01-31 10943396core:AfterOneYear2022-01-31 10943396core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 10943396core:ShareCapitalcore:PreviouslyStatedAmount2022-01-31 10943396core:SharePremiumcore:PreviouslyStatedAmount2023-01-31 10943396core:SharePremiumcore:PreviouslyStatedAmount2022-01-31 10943396core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 10943396core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-01-31 10943396core:PreviouslyStatedAmount2023-01-31 10943396core:PreviouslyStatedAmount2022-01-31 10943396business:SmallEntities2022-02-012023-01-31 10943396business:Director12022-02-012023-01-31 10943396countries:EnglandWales2022-02-012023-01-31 10943396business:RegisteredOffice2022-02-012023-01-31 10943396core:PlantMachinery2022-02-012023-01-31 10943396core:MotorVehicles2022-02-012023-01-31 10943396core:FurnitureFittings2022-02-012023-01-31 10943396core:ComputerEquipment2022-02-012023-01-31 10943396core:PlantMachinery2022-01-31 10943396core:MotorVehicles2022-01-31 10943396core:FurnitureFittings2022-01-31 10943396core:ComputerEquipment2022-01-31 10943396core:PlantMachinery2023-01-31 10943396core:MotorVehicles2023-01-31 10943396core:FurnitureFittings2023-01-31 10943396core:ComputerEquipment2023-01-31 10943396core:MoreThanFiveYears2023-01-31 10943396core:MoreThanFiveYears2022-01-31 10943396core:AfterOneYear2022-02-012023-01-31 10943396core:AcceleratedTaxDepreciationDeferredTax2023-01-31 10943396core:AcceleratedTaxDepreciationDeferredTax2022-01-31 10943396core:RevaluationPropertyDeferredTax2023-01-31 10943396core:RevaluationPropertyDeferredTax2022-01-31 109433962021-01-31 109433962021-02-012022-01-31 iso4217:GBP xbrli:pure
Company Registration No. 10943396 (England and Wales)
D & J Nash Ltd Unaudited accounts for the year ended 31 January 2023
D & J Nash Ltd Unaudited accounts Contents
Page
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D & J Nash Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
151,621 
138,365 
Investment property
9,224,637 
9,203,064 
9,376,258 
9,341,429 
Current assets
Debtors
150,432 
168,351 
Cash at bank and in hand
26,247 
48,400 
176,679 
216,751 
Creditors: amounts falling due within one year
(1,118,130)
(1,253,532)
Net current liabilities
(941,451)
(1,036,781)
Total assets less current liabilities
8,434,807 
8,304,648 
Creditors: amounts falling due after more than one year
(1,455,000)
(1,455,000)
Provisions for liabilities
Deferred tax
(1,018,004)
(1,012,890)
Net assets
5,961,803 
5,836,758 
Capital and reserves
Called up share capital
20,000 
20,000 
Share premium
2,440,424 
2,440,424 
Profit and loss account
3,501,379 
3,376,334 
Shareholders' funds
5,961,803 
5,836,758 
For the year ending 31 January 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 directors acknowledge their 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 of Directors and authorised for issue on 30 May 2023 and were signed on its behalf by
D W Nash Director Company Registration No. 10943396
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D & J Nash Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
D & J Nash Ltd is a private company, limited by shares, registered in England and Wales, registration number 10943396. The registered office is 2 Bailey Hill, Castle Cary, Somerset, BA7 7AD.
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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
10% straight line
Computer equipment
25% straight line
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D & J Nash Ltd Notes to the Accounts for the year ended 31 January 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 February 2022
132,827 
38,132 
25,480 
3,734 
200,173 
Additions
2,396 
32,000 
- 
1,324 
35,720 
At 31 January 2023
135,223 
70,132 
25,480 
5,058 
235,893 
Depreciation
At 1 February 2022
29,519 
22,045 
8,326 
1,918 
61,808 
Charge for the year
11,386 
7,688 
2,639 
751 
22,464 
At 31 January 2023
40,905 
29,733 
10,965 
2,669 
84,272 
Net book value
At 31 January 2023
94,318 
40,399 
14,515 
2,389 
151,621 
At 31 January 2022
103,308 
16,087 
17,154 
1,816 
138,365 
5
Investment property
2023 
£ 
Fair value at 1 February 2022
9,203,064 
Additions
21,573 
At 31 January 2023
9,224,637 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
118,914 
138,237 
Accrued income and prepayments
6,765 
5,361 
Other debtors
24,753 
24,753 
150,432 
168,351 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
21,719 
27,998 
Trade creditors
21,275 
36,349 
Taxes and social security
26,254 
57,604 
Other creditors
9,001 
- 
Loans from directors
963,069 
1,035,865 
Accruals
76,812 
95,716 
1,118,130 
1,253,532 
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D & J Nash Ltd Notes to the Accounts for the year ended 31 January 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
1,305,000 
1,305,000 
Other creditors
150,000 
150,000 
1,455,000 
1,455,000 
Aggregate of amounts that fall due for payment after five years
1,305,000 
1,305,000 
The bank borrowing of £1,305,000 is secured against the company's assets.
9
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
37,906 
32,792 
Revaluation of land and buildings
980,098 
980,098 
1,018,004 
1,012,890 
2023 
2022 
£ 
£ 
Provision at start of year
1,012,890 
- 
Charged to the profit and loss account
5,114 
1,012,890 
Provision at end of year
1,018,004 
1,012,890 
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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