REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 June 2023 |
for |
NICKY DOBREE INTERIOR DESIGN LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 June 2023 |
for |
NICKY DOBREE INTERIOR DESIGN LIMITED |
NICKY DOBREE INTERIOR DESIGN LIMITED (REGISTERED NUMBER: 04791787) |
Contents of the Financial Statements |
for the year ended 30 June 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
NICKY DOBREE INTERIOR DESIGN LIMITED |
Company Information |
for the year ended 30 June 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
5th Floor |
Palladium House |
1-4 Argyll Street |
London |
W1F 7TA |
BANKERS: |
95 Gloucester Road |
South Kensington |
London |
SW7 4SX |
NICKY DOBREE INTERIOR DESIGN LIMITED (REGISTERED NUMBER: 04791787) |
Statement of Financial Position |
30 June 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 9 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
NICKY DOBREE INTERIOR DESIGN LIMITED (REGISTERED NUMBER: 04791787) |
Statement of Financial Position - continued |
30 June 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
NICKY DOBREE INTERIOR DESIGN LIMITED (REGISTERED NUMBER: 04791787) |
Notes to the Financial Statements |
for the year ended 30 June 2023 |
1. | STATUTORY INFORMATION |
Nicky Dobree Interior Design Limited is a |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the total amount receivable, net of value added tax, for goods and services provided in the ordinary course of business during the year. |
Tangible fixed assets |
Fixtures and fittings | - |
Financial instruments |
Basic financial assets |
Trade debtors, other debtors, prepayments and cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost using the effective interest method. |
At the end of each reporting period basic financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss. |
If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss. |
Basic financial assets are derecognised when (a) the contractual rights to the cash flows from the assets expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. |
Basic financial liabilities |
Trade creditors, other creditors, accruals and directors' loan accounts are initially recognised at transaction price and subsequently carried at amortised cost, using the effective interest rate method. |
Basic financial liabilities are derecognised when the contractual obligation is discharged, cancelled or expired. |
NICKY DOBREE INTERIOR DESIGN LIMITED (REGISTERED NUMBER: 04791787) |
Notes to the Financial Statements - continued |
for the year ended 30 June 2023 |
3. | ACCOUNTING POLICIES - continued |
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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
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. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
5. | PROPERTY, PLANT AND EQUIPMENT |
Fixtures |
and |
fittings |
£ |
COST |
At 1 July 2022 |
Additions |
At 30 June 2023 |
DEPRECIATION |
At 1 July 2022 |
Charge for year |
At 30 June 2023 |
NET BOOK VALUE |
At 30 June 2023 |
At 30 June 2022 |
NICKY DOBREE INTERIOR DESIGN LIMITED (REGISTERED NUMBER: 04791787) |
Notes to the Financial Statements - continued |
for the year ended 30 June 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
Prepayments and accrued income |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors | ( |
) | ( |
) |
Corporation tax |
Social security and other taxes | ( |
) |
Other creditors |
Directors' loan accounts | 69,153 | 23,389 |
Accruals and deferred income |
8. | FINANCIAL INSTRUMENTS |
The company has the following financial instruments: |
Note | 2023 | 2022 |
£ | £ |
Financial liabilities measured at amortised cost:- |
- Trade creditors | 10 | (18,720 | ) | (45,532 | ) |
- Other creditors | 10 | 63,090 | 1,604 |
- Directors' loan accounts | 10 | 69,153 | 23,389 |
- Accruals and deferred income | 10 | 7,750 | 301,250 |
121,273 | 280,711 |
Note | 2023 | 2022 |
£ | £ |
Financial assets that are debt instruments measured |
at amortised cost:- |
- Prepayments and accrued income | 9 | 12,832 | 10,953 |
- Trade debtors | 9 | 50,105 | 403,085 |
- Other debtors | 9 | 1,168,007 | 1,217,131 |
1,230,944 | 1,631,170 |
NICKY DOBREE INTERIOR DESIGN LIMITED (REGISTERED NUMBER: 04791787) |
Notes to the Financial Statements - continued |
for the year ended 30 June 2023 |
9. | PROVISIONS FOR LIABILITIES |
2023 | 2022 |
£ | £ |
Deferred tax | 19,466 | 11,526 |
Deferred |
tax |
£ |
Balance at 1 July 2022 |
Movements in the year | 7,940 |
Balance at 30 June 2023 |
The provision of deferred taxation is made up of accelerated capital allowances. |
10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
During the year, the company was provided with a loan in the sum of £69,153 (2022: £23,389) by Mrs N Dobree, the sole director. This loan is repayable on demand. |
11. | RELATED PARTY DISCLOSURES |
At the end of the year, the company provided a loan in the sum of £1,168,007 (2022: £1,217,131) to Nicky Dobree Developments Ltd, a company in which Mrs N Dobree is a director and materially interested as a shareholder. |
12. | ULTIMATE CONTROLLING PARTY |
Mrs. N Dobree, a director, controls the company by virtue of a controlling interest of 100% of the issued ordinary share capital. |