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REGISTERED NUMBER: 04394101 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Nightglade Limited

Nightglade Limited (Registered number: 04394101)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nightglade Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: M H Riddoch
Mrs T Riddoch
P Minter





SECRETARY: Mrs T Riddoch





REGISTERED OFFICE: 2a - 4 Avery Hill Road
Eltham
London
SE9 2BD





REGISTERED NUMBER: 04394101 (England and Wales)





ACCOUNTANTS: Nichols & Co ( Accountancy ) Limited
Chartered Accountants
Unit 7
Mulberry Place
Pinnell Road
Eltham
London
SE9 6AR

Nightglade Limited (Registered number: 04394101)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 21,364 27,087
21,364 27,087

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 6 597,999 290,490
Cash at bank and in hand 275,695 47,034
875,694 339,524
CREDITORS
Amounts falling due within one year 7 (527,180 ) (251,468 )
NET CURRENT ASSETS 348,514 88,056
TOTAL ASSETS LESS CURRENT
LIABILITIES

369,878

115,143

CREDITORS
Amounts falling due after more than one
year

8

(15,000

)

(25,000

)

PROVISIONS FOR LIABILITIES (3,318 ) (4,270 )
NET ASSETS 351,560 85,873

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 351,460 85,773
SHAREHOLDERS' FUNDS 351,560 85,873

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Nightglade Limited (Registered number: 04394101)

Balance Sheet - continued
30 November 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:





M H Riddoch - Director


Nightglade Limited (Registered number: 04394101)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Nightglade 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 received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - in accordance with the property
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Nightglade Limited (Registered number: 04394101)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 December 2022
and 30 November 2023 400,000
AMORTISATION
At 1 December 2022
and 30 November 2023 400,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

5. TANGIBLE FIXED ASSETS
Freehold Improvements Plant and
property to property machinery
£ £ £
COST
At 1 December 2022 6,500 36,821 36,764
Additions - - -
At 30 November 2023 6,500 36,821 36,764
DEPRECIATION
At 1 December 2022 4,420 36,821 29,153
Charge for year 260 - 1,522
At 30 November 2023 4,680 36,821 30,675
NET BOOK VALUE
At 30 November 2023 1,820 - 6,089
At 30 November 2022 2,080 - 7,611

Nightglade Limited (Registered number: 04394101)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£ £ £
COST
At 1 December 2022 75,033 106,420 261,538
Additions 455 - 455
At 30 November 2023 75,488 106,420 261,993
DEPRECIATION
At 1 December 2022 68,037 96,020 234,451
Charge for year 1,796 2,600 6,178
At 30 November 2023 69,833 98,620 240,629
NET BOOK VALUE
At 30 November 2023 5,655 7,800 21,364
At 30 November 2022 6,996 10,400 27,087

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£ £
Trade debtors 425,646 192,405
Other debtors 172,353 98,085
597,999 290,490

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 376,803 183,090
Taxation and social security 113,228 25,716
Other creditors 27,149 32,662
527,180 251,468

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£ £
Bank loans 15,000 25,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £ £
100 Ordinary £1 100 100

Nightglade Limited (Registered number: 04394101)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£ £
P Minter
Balance outstanding at start of year 19,825 16,839
Amounts advanced 25,613 7,986
Amounts repaid (10,020 ) (5,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 35,418 19,825

Mrs T Riddoch
Balance outstanding at start of year (2,432 ) (1,493 )
Amounts advanced 59,590 10,289
Amounts repaid (42,089 ) (11,228 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,069 (2,432 )

M H Riddoch
Balance outstanding at start of year 18,746 22,335
Amounts advanced 53,863 34,148
Amounts repaid (48,386 ) (37,737 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,223 18,746

Interest was paid on the above loans during the year at 2.5%. The loans are repayable on demand.

11. RELATED PARTY DISCLOSURES

During the year the following transactions took place:

Dividends of £35,750 (2022 - £25,000) were declared and paid to the directors, who are also shareholders.

The company paid Mr M Riddoch, a director of the company, rent of £15,000 (2022 - £15,000).

The company paid Mrs T Riddoch, a director of the company, rent of £15,000 (2022 - £15,000).

The company paid Mr P Minter, a director of the company, rent of £15,000 (2022 - £15,000).

12. CONTROLLING PARTY

Mr M H Riddoch and Mrs T Riddoch control the company by virtue of their shareholding.