1 December 2022 false Taxfiler 2024.5 true 08313163business:PrivateLimitedCompanyLtd2022-12-012023-11-30 083131632022-11-30 083131632022-12-012023-11-30 08313163business:AuditExemptWithAccountantsReport2022-12-012023-11-30 08313163business:FilletedAccounts2022-12-012023-11-30 083131632023-11-30 08313163business:Director12022-12-012023-11-30 08313163business:RegisteredOffice2022-12-012023-11-30 083131632022-11-30 08313163core:WithinOneYear2023-11-30 08313163core:WithinOneYear2022-11-30 08313163core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 08313163core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 08313163core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 08313163core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 08313163core:PreviouslyStatedAmount2023-11-30 08313163core:PreviouslyStatedAmount2022-11-30 08313163business:SmallEntities2022-12-012023-11-30 08313163countries:EnglandWales2022-12-012023-11-30 08313163business:OrdinaryShareClass12022-12-012023-11-30 08313163business:OrdinaryShareClass12021-12-012022-11-30 083131632021-12-012022-11-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 08313163 (England and Wales)
Nikination Ltd Unaudited accounts for the year ended 30 November 2023
Nikination Ltd Unaudited accounts Contents
Page
- 2 -
Nikination Ltd Company Information for the year ended 30 November 2023
Director
Wei Wang
Company Number
08313163 (England and Wales)
Registered Office
51, AZURE BUILDING 59 GREAT EASTERN ROAD LONDON E15 1DX ENGLAND
Accountants
Tax Return Accountants Ltd 26 Spinning Wheelway Hackbridge Wallington GB SM6 7DS
- 3 -
Nikination Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Cash at bank and in hand
51,103 
51,745 
Creditors: amounts falling due within one year
(200)
(700)
Net current assets
50,903 
51,045 
Net assets
50,903 
51,045 
Capital and reserves
Called up share capital
50,000 
50,000 
Profit and loss account
903 
1,045 
Shareholders' funds
50,903 
51,045 
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 August 2024 and were signed on its behalf by
Wei Wang Director Company Registration No. 08313163
- 4 -
Nikination Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Nikination Ltd is a private company, limited by shares, registered in England and Wales, registration number 08313163. The registered office is 51, AZURE BUILDING, 59 GREAT EASTERN ROAD, LONDON, E15 1DX, ENGLAND.
2
Compliance with accounting standards
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Going concern
The director acknowledges the latest guidance on going concern. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of twelve months from the date of approval of the financial statements and, therefore, she continues to adopt the going concern basis in preparing the annual financial statements.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
- 5 -
Nikination Ltd Notes to the Accounts for the year ended 30 November 2023
Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that: - The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and - Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
4
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
200 
700 
5
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £500 each
50,000 
50,000 
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).
- 6 -