1 false false false false false false false false false false true false false false false false false No description of principal activity 2022-09-01 Sage Accounts Production Advanced 2023 - FRS102_2023 19,283 428 1,650 18,061 13,518 2,396 1,645 14,269 3,792 5,765 xbrli:pure xbrli:shares iso4217:GBP 09203797 2022-09-01 2023-08-31 09203797 2023-08-31 09203797 2022-08-31 09203797 2021-09-01 2022-08-31 09203797 2022-08-31 09203797 2021-08-31 09203797 bus:Director1 2022-09-01 2023-08-31 09203797 core:WithinOneYear 2023-08-31 09203797 core:WithinOneYear 2022-08-31 09203797 core:ShareCapital 2023-08-31 09203797 core:ShareCapital 2022-08-31 09203797 core:RetainedEarningsAccumulatedLosses 2023-08-31 09203797 core:RetainedEarningsAccumulatedLosses 2022-08-31 09203797 bus:SmallEntities 2022-09-01 2023-08-31 09203797 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 09203797 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 09203797 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 09203797 bus:FullAccounts 2022-09-01 2023-08-31 09203797 core:FurnitureFittingsToolsEquipment 2022-09-01 2023-08-31 09203797 core:FurnitureFittingsToolsEquipment 2022-08-31 09203797 core:FurnitureFittingsToolsEquipment 2023-08-31
COMPANY REGISTRATION NUMBER: 09203797
Nick Little Creative Limited
Filleted Unaudited Financial Statements
31 August 2023
Nick Little Creative Limited
Statement of Financial Position
31 August 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
3,792
5,765
Current assets
Debtors
6
37,149
28,856
Cash at bank and in hand
41,632
49,170
--------
--------
78,781
78,026
Creditors: amounts falling due within one year
7
22,850
19,018
--------
--------
Net current assets
55,931
59,008
--------
--------
Total assets less current liabilities
59,723
64,773
Provisions
Taxation including deferred tax
720
1,095
--------
--------
Net assets
59,003
63,678
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
58,903
63,578
--------
--------
Shareholders funds
59,003
63,678
--------
--------
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.
For the year ending 31 August 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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Nick Little Creative Limited
Statement of Financial Position (continued)
31 August 2023
These financial statements were approved by the board of directors and authorised for issue on 15 April 2024 , and are signed on behalf of the board by:
Mr N S Little
Director
Company registration number: 09203797
Nick Little Creative Limited
Notes to the Financial Statements
Year ended 31 August 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 40 Kimbolton Road, Bedford, MK40 2NR.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for 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 profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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 subsequently stated at cost less any accumulated depreciation and impairment losses.
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:
Equipment
-
33% straight line
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 year amounted to 1 (2022: 1 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 September 2022
19,283
19,283
Additions
428
428
Disposals
( 1,650)
( 1,650)
--------
--------
At 31 August 2023
18,061
18,061
--------
--------
Depreciation
At 1 September 2022
13,518
13,518
Charge for the year
2,396
2,396
Disposals
( 1,645)
( 1,645)
--------
--------
At 31 August 2023
14,269
14,269
--------
--------
Carrying amount
At 31 August 2023
3,792
3,792
--------
--------
At 31 August 2022
5,765
5,765
--------
--------
6. Debtors
2023
2022
£
£
Trade debtors
35,080
27,040
Other debtors
2,069
1,816
--------
--------
37,149
28,856
--------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,695
913
Corporation tax
7,513
7,097
Other creditors
13,642
11,008
--------
--------
22,850
19,018
--------
--------