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REGISTERED NUMBER: 07968397 (England and Wales)












Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Nailsea Footcare Limited

Nailsea Footcare Limited (Registered number: 07968397)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Nailsea Footcare Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Mrs A Walton-Davies





SECRETARY:





REGISTERED OFFICE: 116-120 High Street
Nailsea
Bristol
BS48 1AH





REGISTERED NUMBER: 07968397 (England and Wales)





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

Nailsea Footcare Limited (Registered number: 07968397)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,274 -

CURRENT ASSETS
Stocks 4,500 3,000
Debtors 5 24,009 25,243
Cash at bank - 66
28,509 28,309
CREDITORS
Amounts falling due within one year 6 13,661 10,740
NET CURRENT ASSETS 14,848 17,569
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,122

17,569

CREDITORS
Amounts falling due after more than one year 7 (15,767 ) (12,993 )

PROVISIONS FOR LIABILITIES (242 ) -
NET ASSETS 113 4,576

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 8 112 4,575
113 4,576

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 28 November 2023 and were signed by:





Mrs A Walton-Davies - Director


Nailsea Footcare Limited (Registered number: 07968397)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Nailsea Footcare 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Nailsea Footcare Limited (Registered number: 07968397)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 March 2022 150 - 150
Additions - 1,499 1,499
At 28 February 2023 150 1,499 1,649
DEPRECIATION
At 1 March 2022 150 - 150
Charge for year - 225 225
At 28 February 2023 150 225 375
NET BOOK VALUE
At 28 February 2023 - 1,274 1,274
At 28 February 2022 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' loan accounts 24,009 25,243

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,695 2,333
Trade creditors 5,231 968
Tax 643 4,407
Social security and other taxes 5 -
Accrued expenses 6,087 3,032
13,661 10,740

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 15,767 12,993

8. RESERVES
Retained
earnings
£   

At 1 March 2022 4,575
Profit for the year 12,537
Dividends (17,000 )
At 28 February 2023 112