Registered number
05303682
NOLAN LIMITED
Filleted Accounts
31 December 2023
NOLAN LIMITED
Registered number: 05303682
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets - 23,918
Current assets
Debtors 3 50,347 50,150
Cash at bank and in hand 1,416 3,326
51,763 53,476
Creditors: amounts falling due within one year 4 (3,265) (3,419)
Net current assets 48,498 50,057
Total assets less current liabilities 48,498 73,975
Creditors: amounts falling due after more than one year 5 (37,457) (59,360)
Net assets 11,041 14,615
Capital and reserves
Called up share capital 2 2
Profit and loss account 11,039 14,613
Shareholders' funds 11,041 14,615
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
On behalf of Mr S Nolan (deceased) by Guy Bridger Limited
Director
Approved by the board on 25 July 2024
NOLAN LIMITED
Notes to the Accounts
for the year ended 31 December 2023
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance method
Fixtures, fittings, tools and equipment 25% reducing balance method
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2023 2022
£ £
Director's loan account 37,998 32,780
Other debtors 12,349 17,370
50,347 50,150
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 3,266 3,418
Other creditors (1) 1
3,265 3,419
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 37,457 39,185
Obligations under finance lease and hire purchase contracts - 20,175
37,457 59,360
6 Controlling party
The company is under the control of the managing director, Mr Simon Nolan.
7 Other information
NOLAN LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
30 Ridgemount Avenue
Croydon
England
CR0 8TQ
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