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REGISTERED NUMBER: 01521727 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

NIMBUS DESIGNS LIMITED

NIMBUS DESIGNS LIMITED (REGISTERED NUMBER: 01521727)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NIMBUS DESIGNS LIMITED

COMPANY INFORMATION
For The Year Ended 31 October 2023







DIRECTORS: A Smith
J Smith





SECRETARY: A Smith





REGISTERED OFFICE: Ground Floor, Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR





REGISTERED NUMBER: 01521727 (England and Wales)





ACCOUNTANTS: TC Group
Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR

NIMBUS DESIGNS LIMITED (REGISTERED NUMBER: 01521727)

BALANCE SHEET
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,273 3,099
Investment property 5 179,244 179,244
182,517 182,343

CURRENT ASSETS
Stocks 6 500 500
Debtors 7 12,267 21,034
Cash at bank and in hand 204,689 145,695
217,456 167,229
CREDITORS
Amounts falling due within one year 8 203,057 142,484
NET CURRENT ASSETS 14,399 24,745
TOTAL ASSETS LESS CURRENT LIABILITIES 196,916 207,088

PROVISIONS FOR LIABILITIES 818 775
NET ASSETS 196,098 206,313

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 196,096 206,311
SHAREHOLDERS' FUNDS 196,098 206,313

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

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

NIMBUS DESIGNS LIMITED (REGISTERED NUMBER: 01521727)

BALANCE SHEET - continued
31 October 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 29 July 2024 and were signed on its behalf by:





A Smith - Director


NIMBUS DESIGNS LIMITED (REGISTERED NUMBER: 01521727)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 October 2023


1. STATUTORY INFORMATION

Nimbus Designs 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.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

NIMBUS DESIGNS LIMITED (REGISTERED NUMBER: 01521727)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 October 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 November 2022 33,338 8,687 37,516 79,541
Additions - 831 749 1,580
At 31 October 2023 33,338 9,518 38,265 81,121
DEPRECIATION
At 1 November 2022 32,522 8,618 35,302 76,442
Charge for year 204 225 977 1,406
At 31 October 2023 32,726 8,843 36,279 77,848
NET BOOK VALUE
At 31 October 2023 612 675 1,986 3,273
At 31 October 2022 816 69 2,214 3,099

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 179,244
NET BOOK VALUE
At 31 October 2023 179,244
At 31 October 2022 179,244

6. STOCKS
2023 2022
£    £   
Stocks 500 500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,923 20,717
Prepayments and accrued income 344 317
12,267 21,034

NIMBUS DESIGNS LIMITED (REGISTERED NUMBER: 01521727)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 October 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 32,357 38,904
Corporation tax 12,699 8,942
Social security and other taxes 105 81
VAT 5,050 6,327
Directors' current accounts 151,273 86,753
Accrued expenses 1,573 1,477
203,057 142,484

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

10. ULTIMATE CONTROLLING PARTY

The company is under the control of directors who own 100% of the share capital.