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Registered number: 06916278
Nimbus Antiques Limited
Financial Statements
For The Year Ended 30 June 2024
Leathley & Co - Poynton Office
Park Lane Business Centre
78 Park Lane
Poynton
Cheshire
SK12 1RE
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 06916278
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Stocks 5 218,015 241,317
Debtors 6 5,837 (7,011 )
Cash at bank and in hand 176,176 188,797
400,028 423,103
Creditors: Amounts Falling Due Within One Year 7 (115,562 ) (153,265 )
NET CURRENT ASSETS (LIABILITIES) 284,466 269,838
TOTAL ASSETS LESS CURRENT LIABILITIES 284,466 269,838
NET ASSETS 284,466 269,838
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 284,366 269,738
SHAREHOLDERS' FUNDS 284,466 269,838
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Linda Brobbin
Director
24/07/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Nimbus Antiques Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06916278 . The registered office is 14 Chapel Road, Whaley Bridge, High Peak, Derbyshire, SK23 7JZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance basis
Motor Vehicles 25% reducing balance basis
Computer Equipment 20% reducing balance basis
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Older stocks have been heavily discounted by an agreed percentage which is consistent from year to year.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 12,739 1,672 14,411
As at 30 June 2024 12,739 1,672 14,411
Depreciation
As at 1 July 2023 12,739 1,672 14,411
As at 30 June 2024 12,739 1,672 14,411
Net Book Value
As at 30 June 2024 - - -
As at 1 July 2023 - - -
Page 2
Page 3
5. Stocks
2024 2023
£ £
Stock of Antiques 218,015 241,317
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,057 (7,011 )
Prepayments and accrued income 3,780 -
5,837 (7,011 )
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 3,427 6,516
Other taxes and social security 2,734 1,465
VAT 3,511 6,305
Net wages 3,514 3,277
Accruals and deferred income 12,807 26,158
Director's loan account 89,569 109,544
115,562 153,265
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3