Registered number
09951556
NISTAD LTD
Filleted Accounts
31 January 2024
NISTAD LTD
Company Information
Director
Mrs Ada Jabaru
Accountants
K. Amos & Co.
Chartered Certified Accountants
Unit 50b,
St Olav's Court, City Business Centre,
Lower Road,
London,
SE16 2XB.
Bankers
NatWest Bank Plc.
Registered office
1st Floor,
63 St. Mary's Axe,
London,
England,
EC3 8AA.
Registered number
09951556
NISTAD LTD
Registered number: 09951556
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 34,997 34,997
Current assets
Debtors 4 38,491 20,000
Cash at bank and in hand 68,367 27,921
106,858 47,921
Creditors: amounts falling due within one year 5 (205,326) (45,839)
Net current assets/(liabilities) (98,468) 2,082
Total assets less current liabilities (63,471) 37,079
Creditors: amounts falling due after more than one year 6 (7,983) (12,630)
Net assets/(liabilities) (71,454) 24,449
Capital and reserves
Called up share capital 1 1
Profit and loss account (71,455) 24,448
Shareholder's funds (71,454) 24,449
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs Ada Jabaru
Director
Approved by the board on 30 July 2024
NISTAD LTD
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2023 34,997
At 31 January 2024 34,997
Amortisation
At 31 January 2024 -
Net book value
At 31 January 2024 34,997
At 31 January 2023 34,997
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Debtors 2024 2023
£ £
Trade debtors 38,491 20,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 45,617 64,250
HMRC VAT Account 154,525 118,965
Director's current account 3,684 (137,876)
Other creditors and accruals 1,500 500
205,326 45,839
During the year, all previous advances to director in year 2023 were fully paid to the company.
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 7,983 12,630
7 Other information
NISTAD LTD is a private company limited by shares and incorporated in England. Its registered office is:
1st Floor,
63 St. Mary's Axe,
London,
England,
EC3 8AA.
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