Company Registration No. 11135492 (England and Wales)
Nick Pound Ltd
Unaudited accounts
for the year ended 31 January 2024
Nick Pound Ltd
Unaudited accounts
Contents
Nick Pound Ltd
Company Information
for the year ended 31 January 2024
Company Number
11135492 (England and Wales)
Registered Office
THE CORNER HOUSE
4 BEAUMONT ROAD
CHURCH STRETTON
SHROPSHIRE
SY6 6BN
UNITED KINGDOM
Accountants
S A Acc'y Ltd
The Corner House
4 Beaumont Road
Church Stretton
Shropshire
SY6 6BN
Nick Pound Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
3,620
4,523
Cash at bank and in hand
865
1,017
Creditors: amounts falling due within one year
(8,399)
(10,294)
Net current liabilities
(4,163)
(9,277)
Total assets less current liabilities
(543)
(4,754)
Creditors: amounts falling due after more than one year
(3,600)
(6,000)
Provisions for liabilities
Net liabilities
(4,830)
(11,613)
Called up share capital
100
100
Profit and loss account
(4,930)
(11,713)
Shareholders' funds
(4,830)
(11,613)
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 August 2024 and were signed on its behalf by
N Pound
Director
Company Registration No. 11135492
Nick Pound Ltd
Notes to the Accounts
for the year ended 31 January 2024
Nick Pound Ltd is a private company, limited by shares, registered in England and Wales, registration number 11135492. The registered office is THE CORNER HOUSE, 4 BEAUMONT ROAD, CHURCH STRETTON, SHROPSHIRE, SY6 6BN, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% per annum reducing balance
Motor vehicles
25% per annum on cost
Fixtures & fittings
15% per annum reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
4,495
13,000
1,000
18,495
At 31 January 2024
4,495
13,000
1,000
18,495
At 1 February 2023
2,635
10,750
587
13,972
Charge for the year
279
562
62
903
At 31 January 2024
2,914
11,312
649
14,875
At 31 January 2024
1,581
1,688
351
3,620
At 31 January 2023
1,860
2,250
413
4,523
Amounts falling due within one year
Nick Pound Ltd
Notes to the Accounts
for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,400
2,400
Taxes and social security
2,232
4,036
Other creditors
1,967
1,907
Loans from directors
-
151
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).