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REGISTERED NUMBER: 08665727 (England and Wales)












NORTIER SHALLOW LTD

Unaudited Financial Statements

for the Year Ended 31 August 2023






NORTIER SHALLOW LTD (REGISTERED NUMBER: 08665727)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NORTIER SHALLOW LTD

Company Information
for the Year Ended 31 August 2023







DIRECTORS: A J N Nortier
B T Shallow





REGISTERED OFFICE: Unit 4 - 5
Essex Road
Basingstoke
Hampshire
RG21 7TB





REGISTERED NUMBER: 08665727 (England and Wales)





ACCOUNTANTS: The Bailey Partnership
Chartered Accountants
The Old Mill, Kings Mill
Kings Mill Lane
South Nutfield
Surrey
RH1 5NB

NORTIER SHALLOW LTD (REGISTERED NUMBER: 08665727)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,424 4,565

CURRENT ASSETS
Stocks 5 5,000 5,000
Debtors 6 3,096 4,378
Cash at bank and in hand 42,913 68,922
51,009 78,300
CREDITORS
Amounts falling due within one year 7 43,735 81,291
NET CURRENT ASSETS/(LIABILITIES) 7,274 (2,991 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,698

1,574

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 10 10,688 1,564
SHAREHOLDERS' FUNDS 10,698 1,574

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2023 and were signed on its behalf by:





B T Shallow - Director


NORTIER SHALLOW LTD (REGISTERED NUMBER: 08665727)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Nortier Shallow Ltd 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.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost

Fixed assets do not require replacement of parts or the cost of major inspections to be recognised separately.

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 Statement of Income and Retained Earnings, 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.

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.

Holiday pay
No liability is recognised in respect of holiday pay as employees are unable to carry forward holiday into future periods.

NORTIER SHALLOW LTD (REGISTERED NUMBER: 08665727)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2022
and 31 August 2023 5,714 2,858 7,400 15,972
DEPRECIATION
At 1 September 2022 3,293 714 7,400 11,407
Charge for year 605 536 - 1,141
At 31 August 2023 3,898 1,250 7,400 12,548
NET BOOK VALUE
At 31 August 2023 1,816 1,608 - 3,424
At 31 August 2022 2,421 2,144 - 4,565

5. STOCKS
2023 2022
£    £   
Stocks 5,000 5,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,096 -
Other debtors - 4,378
3,096 4,378

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 13,750 18,750
Trade creditors 5,600 270
Tax 2,939 7,969
VAT 6,429 2,400
Other creditors 10,303 10,168
Directors' loan accounts 3,114 40,234
Accrued expenses 1,600 1,500
43,735 81,291

NORTIER SHALLOW LTD (REGISTERED NUMBER: 08665727)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 13,750 18,750

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary £1 10 10

10. RESERVES
Retained
earnings
£   

At 1 September 2022 1,564
Profit for the year 11,124
Dividends (2,000 )
At 31 August 2023 10,688