Company Registration No. 11518048 (England and Wales)
Nico Automotive Ltd
Unaudited accounts
for the year ended 31 August 2022
Nico Automotive Ltd
Unaudited accounts
Contents
Nico Automotive Ltd
Company Information
for the year ended 31 August 2022
Director
Mr Andrew NICOLINI
Company Number
11518048 (England and Wales)
Registered Office
509A
Ipswich Road
Colchester
Essex
CO4 9HD
Accountants
BARRIE INGRAM
69 Endsleigh Court
Lexden
COLCHESTER
ESSEX
CO3 3QW
Nico Automotive Ltd
Statement of financial position
as at 31 August 2022
Tangible assets
6,392
9,588
Cash at bank and in hand
74
518
Creditors: amounts falling due within one year
(9,928)
(6,290)
Net current (liabilities)/assets
(100)
46,895
Total assets less current liabilities
6,292
56,483
Creditors: amounts falling due after more than one year
(16,383)
(43,440)
Net (liabilities)/assets
(10,091)
13,043
Called up share capital
1
1
Profit and loss account
(10,092)
13,042
Shareholders' funds
(10,091)
13,043
For the year ending 31 August 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 January 2024 and were signed on its behalf by
Mr Andrew NICOLINI
Director
Company Registration No. 11518048
Nico Automotive Ltd
Notes to the Accounts
for the year ended 31 August 2022
Nico Automotive Ltd is a private company, limited by shares, registered in England and Wales, registration number 11518048. The registered office is 509A, Ipswich Road, Colchester, Essex, CO4 9HD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
At 1 September 2021
15,980
Amounts falling due within one year
Other debtors
9,754
52,667
Nico Automotive Ltd
Notes to the Accounts
for the year ended 31 August 2022
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
6,933
3,938
Obligations under finance leases and hire purchase contracts
2,995
-
Taxes and social security
-
2,352
7
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
2,995
5,991
8
Average number of employees
During the year the average number of employees was 1 (2021: 1).