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REGISTERED NUMBER: 06950409 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

NICE BARS LTD

NICE BARS LTD (REGISTERED NUMBER: 06950409)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NICE BARS LTD

COMPANY INFORMATION
for the year ended 31 JULY 2023







DIRECTORS: J K Patel
J Parker
C Parker





SECRETARY:





REGISTERED OFFICE: Office 3.14 85 Gresham Street
London
EC2V 7NQ





REGISTERED NUMBER: 06950409 (England and Wales)





ACCOUNTANTS: Randall Robinson
Office 3.14
85 Gresham Street
London
EC2V 7NQ

NICE BARS LTD (REGISTERED NUMBER: 06950409)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,344,000 2,344,000

CURRENT ASSETS
Debtors 5 24,851 25,006
Cash at bank 14,243 12,572
39,094 37,578
CREDITORS
Amounts falling due within one year 6 368,882 73,860
NET CURRENT LIABILITIES (329,788 ) (36,282 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,014,212

2,307,718

CAPITAL AND RESERVES
Called up share capital 61,951 1,951
Retained earnings 1,952,261 2,305,767
SHAREHOLDERS' FUNDS 2,014,212 2,307,718

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

NICE BARS LTD (REGISTERED NUMBER: 06950409)

BALANCE SHEET - continued
31 JULY 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 February 2024 and were signed on its behalf by:





J K Patel - Director


NICE BARS LTD (REGISTERED NUMBER: 06950409)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 JULY 2023


1. STATUTORY INFORMATION

Nice Bars 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 2,344,000 32,032 2,376,032
DEPRECIATION
At 1 August 2022
and 31 July 2023 - 32,032 32,032
NET BOOK VALUE
At 31 July 2023 2,344,000 - 2,344,000
At 31 July 2022 2,344,000 - 2,344,000

NICE BARS LTD (REGISTERED NUMBER: 06950409)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 JULY 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Other debtors 24,851 25,006

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Bank loans and overdrafts 701 701
Trade creditors - 1
Taxation and social security 15,727 15,817
Other creditors 352,454 57,341
368,882 73,860