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REGISTERED NUMBER: 05401037 (England and Wales)















Nigel Harris Limited

Unaudited Cessation Financial Statements

for the Period 1 April 2022 to 30 September 2023






Nigel Harris Limited (Registered number: 05401037)






Contents of the Financial Statements
for the Period 1 April 2022 to 30 September 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Nigel Harris Limited

Company Information
for the Period 1 April 2022 to 30 September 2023







DIRECTORS: N M Harris
Mrs K A Harris





REGISTERED OFFICE: 1 High Street
Sheerness
Kent
ME12 1NY





REGISTERED NUMBER: 05401037 (England and Wales)





ACCOUNTANTS: Foreman Waller
Chartered Accountants
1 High Street
Sheerness
Kent
ME12 1NY

Nigel Harris Limited (Registered number: 05401037)

Statement of Financial Position
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 15,000

CURRENT ASSETS
Debtors 5 1,221 1,266
Cash at bank 8 8
1,229 1,274
CREDITORS
Amounts falling due within one year 6 1,760 14,620
NET CURRENT LIABILITIES (531 ) (13,346 )
TOTAL ASSETS LESS CURRENT LIABILITIES (531 ) 1,654

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (631 ) 1,554
SHAREHOLDERS' FUNDS (531 ) 1,654

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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 12 February 2024 and were signed on its behalf by:




Mrs K A Harris - Director


Nigel Harris Limited (Registered number: 05401037)

Notes to the Financial Statements
for the Period 1 April 2022 to 30 September 2023

1. STATUTORY INFORMATION

Nigel Harris 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income recognition
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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans to and from banks, other third parties and related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in profit or loss.

Taxation
Taxation for the period 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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted by the statement of financial position date.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Nigel Harris Limited (Registered number: 05401037)

Notes to the Financial Statements - continued
for the Period 1 April 2022 to 30 September 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - 1 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 63,171
Disposals (63,171 )
At 30 September 2023 -
DEPRECIATION
At 1 April 2022 48,171
Eliminated on disposal (48,171 )
At 30 September 2023 -
NET BOOK VALUE
At 30 September 2023 -
At 31 March 2022 15,000

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2022 19,250
Disposals (19,250 )
At 30 September 2023 -
DEPRECIATION
At 1 April 2022 9,250
Eliminated on disposal (9,250 )
At 30 September 2023 -
NET BOOK VALUE
At 30 September 2023 -
At 31 March 2022 10,000

Nigel Harris Limited (Registered number: 05401037)

Notes to the Financial Statements - continued
for the Period 1 April 2022 to 30 September 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 527
Other debtors 1,221 739
1,221 1,266

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 800 2,819
Hire purchase contracts - 2,250
Trade creditors - 697
Taxation and social security - 1,740
Other creditors 960 7,114
1,760 14,620