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Company registration number: 13804381
Nicholas Morris Consulting Ltd
Unaudited filleted financial statements
30 November 2023
Nicholas Morris Consulting Ltd
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Nicholas Morris Consulting Ltd
Directors and other information
Director Mr Nicholas Morris
Company number 13804381
Registered office 9 Lucas Court
Biddenham
Bedford
Bedfordshire
MK40 4RN
Accountants Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
Nicholas Morris Consulting Ltd
Chartered accountants report to the director on the preparation of the
unaudited statutory financial statements of Nicholas Morris Consulting Ltd
Period ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Nicholas Morris Consulting Ltd for the period ended 30 November 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the director of Nicholas Morris Consulting Ltd, as a body, in accordance with the terms of our engagement letter dated 18 January 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Nicholas Morris Consulting Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nicholas Morris Consulting Ltd and its director as a body for our work or for this report.
It is your duty to ensure that Nicholas Morris Consulting Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Nicholas Morris Consulting Ltd. You consider that Nicholas Morris Consulting Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Nicholas Morris Consulting Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
7 March 2024
Nicholas Morris Consulting Ltd
Statement of financial position
30 November 2023
30/11/23 31/12/22
Note £ £ £ £
Fixed assets
Tangible assets 5 - 1,330
_______ _______
- 1,330
Current assets
Debtors 6 1,700 79
Cash at bank and in hand 11,093 29,796
_______ _______
12,793 29,875
Creditors: amounts falling due
within one year 7 ( 12,792) ( 14,120)
_______ _______
Net current assets 1 15,755
_______ _______
Total assets less current liabilities 1 17,085
_______ _______
Net assets 1 17,085
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account - 17,084
_______ _______
Shareholder funds 1 17,085
_______ _______
For the period ending 30 November 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 member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 07 March 2024 , and are signed on behalf of the board by:
Mr Nicholas Morris
Director
Company registration number: 13804381
Nicholas Morris Consulting Ltd
Notes to the financial statements
Period ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 9 Lucas Court, Biddenham, Bedford, Bedfordshire, MK40 4RN.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer Equipment - Straight line over 3 years
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1 (2022: 1 ).
5. Tangible assets
Computer Equipment Total
£ £
Cost
At 1 January 2023 1,506 1,506
Disposals ( 1,506) ( 1,506)
_______ _______
At 30 November 2023 - -
_______ _______
Depreciation
At 1 January 2023 176 176
Charge for the year 460 460
Disposals ( 636) ( 636)
_______ _______
At 30 November 2023 - -
_______ _______
Carrying amount
At 30 November 2023 - -
_______ _______
At 31 December 2022 1,330 1,330
_______ _______
6. Debtors
30/11/23 31/12/22
£ £
Other debtors 1,700 79
_______ _______
7. Creditors: amounts falling due within one year
30/11/23 31/12/22
£ £
Trade creditors - 151
Corporation tax - 9,521
Other creditors 12,792 4,448
_______ _______
12,792 14,120
_______ _______
8. Directors advances, credits and guarantees
During the period the director entered into the following advances and credits with the company:
Period ended 30/11/23
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr Nicholas Morris ( 3,578) ( 8,740) ( 12,318)
_______ _______ _______
Period ended 31/12/22
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr Nicholas Morris - ( 3,578) ( 3,578)
_______ _______ _______