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
Nibble Group Limited
Company Information
for the year ended 30 May 2023
Company Number
10185930 (England and Wales)
Registered Office
11 Manor Way
Old Woking
Surrey
GU22 9JX
Nibble Group Limited
Statement of financial position
as at 30 May 2023
Tangible assets
55,845
3,465
Inventories
90,083
101,148
Cash at bank and in hand
1,480
2,782
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
Net (liabilities)/assets
(2,706)
20,859
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
Nibble Group Limited
Notes to the Accounts
for the year ended 30 May 2023
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.
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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.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Development costs have now been fully amortised.
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Intangible fixed assets
Other
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
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
At 30 May 2023
55,426
419
55,845
At 30 May 2022
2,975
490
3,465
Amounts falling due within one year
Trade debtors
13,749
13,833
Other debtors
15,475
23,987
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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
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Creditors: amounts falling due after more than one year
2023
2022
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Average number of employees
During the year the average number of employees was 2 (2022: 2).