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Company Registration No. 10185930 (England and Wales)
Nibble Group Limited Unaudited accounts for the year ended 30 May 2023
Nibble Group Limited Unaudited accounts Contents
Page
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Nibble Group Limited Company Information for the year ended 30 May 2023
Director
Ms E H Moroney
Company Number
10185930 (England and Wales)
Registered Office
11 Manor Way Old Woking Surrey GU22 9JX
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Nibble Group Limited Statement of financial position as at 30 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
55,845 
3,465 
Current assets
Inventories
90,083 
101,148 
Debtors
33,797 
43,841 
Cash at bank and in hand
1,480 
2,782 
125,360 
147,771 
Creditors: amounts falling due within one year
(88,207)
(117,616)
Net current assets
37,153 
30,155 
Total assets less current liabilities
92,998 
33,620 
Creditors: amounts falling due after more than one year
(95,175)
(12,232)
Provisions for liabilities
Deferred tax
(529)
(529)
Net (liabilities)/assets
(2,706)
20,859 
Capital and reserves
Called up share capital
2,321 
2,321 
Share premium
739,485 
739,485 
Profit and loss account
(744,512)
(720,947)
Shareholders' funds
(2,706)
20,859 
For the year ending 30 May 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 1 November 2023 and were signed on its behalf by
Ms E H Moroney Director Company Registration No. 10185930
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Nibble Group Limited Notes to the Accounts for the year ended 30 May 2023
1
Statutory information
Nibble Group Limited is a private company, limited by shares, registered in England and Wales, registration number 10185930. The registered office is 11 Manor Way, Old Woking, Surrey, GU22 9JX.
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.
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. Following on from the change to Production methods in the year the Company reviewed its estimates of residual value Plant and Machinery assets . As a result of this review it was noted that the reduction of depreciation rate from 25% to 5% reducing balance would provide a more accurate estimation of the assets useful life.
Plant & machinery
5% reducing balance
Computer equipment
25% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Development costs have now been fully amortised.
4
Intangible fixed assets
Other 
£ 
Cost
At 31 May 2022
13,784 
At 30 May 2023
13,784 
Amortisation
At 31 May 2022
13,784 
At 30 May 2023
13,784 
Net book value
At 30 May 2023
- 
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Nibble Group Limited Notes to the Accounts for the year ended 30 May 2023
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 31 May 2022
7,132 
2,066 
9,198 
Additions
53,265 
52 
53,317 
At 30 May 2023
60,397 
2,118 
62,515 
Depreciation
At 31 May 2022
4,157 
1,576 
5,733 
Charge for the year
814 
123 
937 
At 30 May 2023
4,971 
1,699 
6,670 
Net book value
At 30 May 2023
55,426 
419 
55,845 
At 30 May 2022
2,975 
490 
3,465 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
4,573 
6,021 
Trade debtors
13,749 
13,833 
Other debtors
15,475 
23,987 
33,797 
43,841 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
39,477 
41,891 
Trade creditors
23,489 
40,186 
Taxes and social security
10,116 
27,659 
Other creditors
15,125 
7,880 
88,207 
117,616 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
95,175 
12,232 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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