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Registered Number: 14688081
England and Wales

 

 

 

NIFTY CREATIVE LTD


Abridged Accounts
 


Period of accounts

Start date: 24 February 2023

End date: 28 February 2024
 
 
Notes
 
2024
£
Fixed assets    
Intangible fixed assets 3 10,334 
Tangible fixed assets 4 4,690 
15,024 
Current assets    
Cash at bank and in hand 38,479 
Creditors: amount falling due within one year (26,321)
Net current assets 12,158 
 
Total assets less current liabilities 27,182 
Net assets 27,182 
 

Capital and reserves
   
Profit and loss account 27,182 
Shareholders' funds 27,182 
 


For the period ended 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 19 July 2024 and were signed by:


-------------------------------
Nicholas Edward Banks
Director
1
General Information
Nifty Creative Ltd is a private company, limited by shares, registered in England and Wales, registration number 14688081, registration address C/O Burton Varley Ltd, Suite 3, 2nd floor, Didsbury House, 748 - 754 Wilmslow Road, Manchester, Manchester, M20 2DW.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 20% Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the period was 1.
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 24 February 2023  
Additions 11,500    11,500 
Disposals  
At 28 February 2024 11,500    11,500 
Amortisation
At 24 February 2023  
Charge for period 1,166    1,166 
On disposals  
At 28 February 2024 1,166    1,166 
Net book values
At 28 February 2024 10,334    10,334 
At 23 February 2023  


4.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 24 February 2023  
Additions 5,765    5,765 
Disposals  
At 28 February 2024 5,765    5,765 
Depreciation
At 24 February 2023  
Charge for period 1,075    1,075 
On disposals  
At 28 February 2024 1,075    1,075 
Net book values
Closing balance as at 28 February 2024 4,690    4,690 
Opening balance as at 24 February 2023  


5.

Share Capital

Allotted, called up and fully paid
2024
£
1 Class A share of £1.00 each

2