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REGISTERED NUMBER: 06444668 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

Nick Coughlin Associates Limited

Nick Coughlin Associates Limited (Registered number: 06444668)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Nick Coughlin Associates Limited

COMPANY INFORMATION
for the year ended 31 December 2023







Directors: Ms J A Whitley
N T Coughlin





Secretary: Ms J A Whitley





Registered office: 2 Frogmore Terrace
Kingsbridge
Devon
TQ7 1EU





Registered number: 06444668 (England and Wales)





Accountants: Nigel Webster & Co
129 North Hill
Plymouth
Devon
PL4 8JY

Nick Coughlin Associates Limited (Registered number: 06444668)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 989 1,475

Current assets
Stocks 25,489 28,736
Cash at bank and in hand 141,705 35,286
167,194 64,022
Creditors
Amounts falling due within one year 5 166,251 55,478
Net current assets 943 8,544
Total assets less current liabilities 1,932 10,019

Provisions for liabilities 6 375 375
Net assets 1,557 9,644

Capital and reserves
Called up share capital 7 100 100
Retained earnings 1,457 9,544
Shareholders' funds 1,557 9,644

Nick Coughlin Associates Limited (Registered number: 06444668)

BALANCE SHEET - continued
31 December 2023


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

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

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2024 and were signed on its behalf by:





N T Coughlin - Director


Nick Coughlin Associates Limited (Registered number: 06444668)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Nick Coughlin Associates 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 receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by the reference to the stage of completion of the contact. The stage of completion of a contact is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on reducing balance

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Pension costs and other post-retirement benefits
The company pays to a defined contribution pension scheme for its directors. Contributions payable to the directors scheme are charged to profit or loss in the period to which they relate.

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.

Nick Coughlin Associates Limited (Registered number: 06444668)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 January 2023
and 31 December 2023 8,423 2,782 11,205
Depreciation
At 1 January 2023 8,423 1,307 9,730
Charge for year - 486 486
At 31 December 2023 8,423 1,793 10,216
Net book value
At 31 December 2023 - 989 989
At 31 December 2022 - 1,475 1,475

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6,256 10,990
Tax 10,645 8,055
VAT 23,753 15,117
Other creditors 2,802 7,324
Directors' current accounts 3,201 394
Accruals and deferred income 117,969 13,598
Accrued expenses 1,625 -
166,251 55,478

6. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 375 375

Deferred
tax
£   
Balance at 1 January 2023 375
Balance at 31 December 2023 375

Nick Coughlin Associates Limited (Registered number: 06444668)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

8. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £3,202 to the directors.There is no date for repayment and all loans are interest free.

9. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the directors.