NOLAN ASSOCIATES EOT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
Nolan Associates EOT Limited (the Company) is a private company, limited by shares, incorporated and domiciled in England. The address of its registered office is 54 Hagley Road, Birmingham, United Kingdom, B16 8PE.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
The company met its day to day working capital requirements through support from Nolan Associates Limited.
Without the continuing support of Nolan Associates Limited, the company would not continue to trade as going concern.
The directors consider that the company will continue to operate and therefore have prepared the financial statements on a going concern basis.
Interest income is recognised in profit or loss using the effective interest method.
Investments in subsidiaries are measured at cost less accumulated impairment.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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The average monthly number of employees, including directors, during the year was 3 (2022 - 3).
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