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Registered Number: 07960640
England and Wales

 

 

 

NIP IN CASH & CARRY LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023
Director Mr K Khan
Registered Number 07960640
Registered Office 14 Leofric Square
Peterborough
Cambs
PE1 5TU
Accountants aa Chartered Accountants
Fenlake House,
Fenlake Business Centre,
Fengate,
Peterborough,
PE1 5BQ
1
  2023   2022
    £ £   £ £
Fixed assets   13,316      7,197 
Current assets 230,393      191,398   
Prepayments and accrued income 1,616      1,462   
Creditors: amount falling due within one year (61,298)     (19,077)  
Net current assets   170,711      173,783 
Total assets less current liabilities   184,027      180,980 
Net assets   184,027      180,980 
 

         
Capital and reserves   184,027      180,980 
 
NOTES TO THE ACCOUNTS

General Information
Nip In Cash & Carry Ltd is a private company, limited by shares, registered in England and Wales, registration number 07960640, registration address 14 Leofric Square, Peterborough, Cambs, PE1 5TU.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 15% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Total
  £   £   £   £
At 01 April 2022 13,309    14,991    1,925    30,225 
Additions 1,169    7,450      8,619 
Disposals   (3,900)     (3,900)
At 31 March 2023 14,478    18,541    1,925    34,944 
Depreciation
At 01 April 2022 10,043    11,698    1,287    23,028 
Charge for year 887    823    96    1,806 
On disposals   (3,206)     (3,206)
At 31 March 2023 10,930    9,315    1,383    21,628 
Net book values
Closing balance as at 31 March 2023 3,548    9,226    542    13,316 
Opening balance as at 01 April 2022 3,266    3,293    638    7,197 


3.

Average number of employees


Average number of employees during the year was 5 (2022 : 6).


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 20 November 2023 and were signed by:


--------------------------------
Mr K Khan
Director
2