1 January 2023 v2024.39.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00falsetruexbrli:purexbrli:sharesiso4217:GBP085592532023-01-012023-12-31085592532023-12-31085592532022-12-3108559253core:WithinOneYear2023-12-3108559253core:WithinOneYear2022-12-3108559253core:AfterOneYear2023-12-3108559253core:AfterOneYear2022-12-3108559253core:ShareCapital2023-12-3108559253core:ShareCapital2022-12-3108559253core:SharePremium2023-12-3108559253core:SharePremium2022-12-3108559253core:RetainedEarningsAccumulatedLosses2023-12-3108559253core:RetainedEarningsAccumulatedLosses2022-12-3108559253bus:Director12023-01-012023-12-3108559253bus:RegisteredOffice2023-01-012023-12-3108559253core:IntangibleAssetsOtherThanGoodwill2023-12-3108559253core:IntangibleAssetsOtherThanGoodwill2023-01-0108559253core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3108559253core:IntangibleAssetsOtherThanGoodwill2022-12-3108559253core:PlantMachinery2023-01-0108559253core:PlantMachinery2023-01-012023-12-3108559253core:PlantMachinery2023-12-3108559253core:PlantMachinery2022-12-310855925312023-01-012023-12-31085592532022-01-012022-12-3108559253countries:EnglandWales2023-01-012023-12-3108559253bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3108559253bus:PrivateLimitedCompanyLtd2023-01-012023-12-3108559253bus:SmallEntities2023-01-012023-12-3108559253bus:FullAccounts2023-01-012023-12-31
Company registration number:
08559253
Nutkase Accessories Limited
Unaudited Filleted Financial Statements for the year ended
31 December 2023
Nutkase Accessories Limited
Statement of Financial Position
31 December 2023
20232022
Note££
Fixed assets    
Intangible assets 5 -  
2,327
 
Tangible assets 6
10,968
 
15,642
 
10,968
 
17,969
 
Current assets    
Stocks
32,883
 
262,440
 
Debtors 7
89,694
 
48,893
 
Cash at bank and in hand
10,313
 
11,276
 
132,890
 
322,609
 
Creditors: amounts falling due within one year 8
(163,261
)
(52,488
)
Net current (liabilities)/assets
(30,371
)
270,121
 
Total assets less current liabilities (19,403 ) 288,090  
Creditors: amounts falling due after more than one year 9
(103,461
)
(114,221
)
Net (liabilities)/assets
(122,864
)
173,869
 
Capital and reserves    
Called up share capital
4
 
4
 
Share premium
268,120
 
268,120
 
Profit and loss account
(390,988
)
(94,255
)
Shareholders (deficit)/funds
(122,864
)
173,869
 
For the year ending
31 December 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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 income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
25 August 2024
, and are signed on behalf of the board by:
R H Page
Director
Company registration number:
08559253
Nutkase Accessories Limited
Notes to the Financial Statements
Year ended
31 December 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Lytchett House Wareham Road,
,
Lytchett Matravers, Poole
,
Dorset
,
BH16 6FA
, United Kingdom.

2 Statement of compliance

The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Intangible assets

Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Patents and licences are being amortised evenly over their estimated useful life of 5 years.

Tangible assets

Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery 25% on cost

Stocks

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 items.
Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition

Foreign exchange

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit .

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2022: Nil).

5 Intangible assets

Other intangible assets
£
Cost  
At
1 January 2023
and
31 December 2023
11,017
 
Amortisation  
At
1 January 2023
8,690
 
Charge
2,327
 
At
31 December 2023
11,017
 
Carrying amount  
At
31 December 2023
-  
At 31 December 2022
2,327
 

6 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 January 2023
44,340
 
Additions
1,837
 
At
31 December 2023
46,177
 
Depreciation  
At
1 January 2023
28,698
 
Charge
6,511
 
At
31 December 2023
35,209
 
Carrying amount  
At
31 December 2023
10,968
 
At 31 December 2022
15,642
 

7 Debtors

20232022
££
Trade debtors
64,662
 
40,935
 
Other debtors
25,032
 
7,958
 
89,694
 
48,893
 

8 Creditors: amounts falling due within one year

20232022
££
Trade creditors
39,832
 
31,175
 
Taxation and social security
9,644
 
1,940
 
Other creditors
113,785
 
19,373
 
163,261
 
52,488
 

9 Creditors: amounts falling due after more than one year

20232022
££
Bank loans and overdrafts
22,629
 
33,389
 
Other creditors
80,832
 
80,832
 
103,461
 
114,221