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REGISTERED NUMBER: 11072680 (England and Wales)















Nailchemy Limited

Unaudited Financial Statements

for the Year Ended 30 November 2023






Nailchemy Limited (Registered number: 11072680)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Nailchemy Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: D M Partridge
Mrs H D Partridge



REGISTERED OFFICE: Unit E Thistle Park
Crossways Road
Bridgwater
Somerset
TA6 6LS



REGISTERED NUMBER: 11072680 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: National Westminster Bank plc
9 York Buildings
Cornhill
Bridgwater
Somerset
TA6 3BU

Nailchemy Limited (Registered number: 11072680)

Abridged Statement of Financial Position
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 11,373 13,813

CURRENT ASSETS
Stocks 35,000 30,500
Debtors 5,000 5,273
Cash at bank and in hand 71,025 79,417
111,025 115,190
CREDITORS
Amounts falling due within one year 52,838 57,286
NET CURRENT ASSETS 58,187 57,904
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,560

71,717

CREDITORS
Amounts falling due after more than one
year

(7,825

)

(12,740

)

PROVISIONS FOR LIABILITIES (2,059 ) (2,500 )
NET ASSETS 59,676 56,477

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 59,576 56,377
SHAREHOLDERS' FUNDS 8 59,676 56,477

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.

Nailchemy Limited (Registered number: 11072680)

Abridged Statement of Financial Position - 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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:




D M Partridge - Director



Mrs H D Partridge - Director


Nailchemy Limited (Registered number: 11072680)

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

1. STATUTORY INFORMATION

Nailchemy 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared in accordance with applicable accounting standards and estimation techniques

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance and Straight line over 3 years

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Nailchemy Limited (Registered number: 11072680)

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

3. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 26,962
Additions 666
At 30 November 2023 27,628
DEPRECIATION
At 1 December 2022 13,149
Charge for year 3,106
At 30 November 2023 16,255
NET BOOK VALUE
At 30 November 2023 11,373
At 30 November 2022 13,813

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.11.23 30.11.22
£    £   
Between one and five years 24,000 24,000

7. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the period by its directors by virtue of the fact that they own all of the issued share capital.

8. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
30.11.23 30.11.22
£    £   
Profit for the financial year 8,199 47,724
Dividends (5,000 ) (20,000 )
Net addition to shareholders' funds 3,199 27,724
Opening shareholders' funds 56,477 28,753
Closing shareholders' funds 59,676 56,477