Caseware UK (AP4) 2023.0.135 2023.0.135 No description of principal activity2022-09-012The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalsetrue2false 11884759 2022-09-01 2023-08-31 11884759 2021-09-01 2022-08-31 11884759 2023-08-31 11884759 2022-08-31 11884759 c:Director1 2022-09-01 2023-08-31 11884759 c:Director2 2022-09-01 2023-08-31 11884759 c:Director2 2023-08-31 11884759 c:RegisteredOffice 2022-09-01 2023-08-31 11884759 d:CurrentFinancialInstruments 2023-08-31 11884759 d:CurrentFinancialInstruments 2022-08-31 11884759 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 11884759 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 11884759 d:ShareCapital 2023-08-31 11884759 d:ShareCapital 2022-08-31 11884759 d:RetainedEarningsAccumulatedLosses 2023-08-31 11884759 d:RetainedEarningsAccumulatedLosses 2022-08-31 11884759 c:OrdinaryShareClass1 2022-09-01 2023-08-31 11884759 c:OrdinaryShareClass1 2023-08-31 11884759 c:OrdinaryShareClass1 2022-08-31 11884759 c:FRS102 2022-09-01 2023-08-31 11884759 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 11884759 c:AbridgedAccounts 2022-09-01 2023-08-31 11884759 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 11884759 e:PoundSterling 2022-09-01 2023-08-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 11884759










NEW IS NICE LIMITED

Unaudited
Financial statements
Information for filing with the registrar
For the year ended 31 August 2023

 
NEW IS NICE LIMITED
 

Company Information


Directors
S Pearson 
A T Perry (resigned 19 August 2024)




Registered number
11884759



Registered office
Retford Enterprise
Randall Way

Retford

DN22 7GR





 
NEW IS NICE LIMITED
Registered number: 11884759

Balance sheet
As at 31 August 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors
  
258
-

Cash at bank and in hand
  
9,986
14,178

  
10,244
14,178

Creditors: amounts falling due within one year
 5 
(12,125)
(12,992)

Net current (liabilities)/assets
  
 
 
(1,881)
 
 
1,186

Net (liabilities)/assets
  
(1,881)
1,186


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
(1,981)
1,086

  
(1,881)
1,186


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 August 2024.




S Pearson
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
NEW IS NICE LIMITED
 

 
Notes to the financial statements
For the year ended 31 August 2023

1.


General information

New is Nice Limited is a privated company limited by shares incorported in England within the United Kingdom.  The registered office address is given on the Company Information page of these financial statements.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

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 balance sheet date in the countries where the Company operates and generates income.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 2

 
NEW IS NICE LIMITED
 

 
Notes to the financial statements
For the year ended 31 August 2023

2.Accounting policies (continued)

 
2.6

Creditors

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2022 -2).


4.


Debtors

2023
2022
£
£


Other debtors
258
-

258
-



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
11,500
11,500

Corporation tax
-
255

Taxation and social security
-
612

Accruals and deferred income
625
625

12,125
12,992



6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 -100) Ordinary shares of £1.00 each
100
100


Page 3

 
NEW IS NICE LIMITED
 

 
Notes to the financial statements
For the year ended 31 August 2023

7.


Controlling party

The ultimate parent company is Spear Technology Holdings Limited, a company registered in England and Wales whose 
registered office is 70 Clarkehouse Road, Sheffield, S10 2LJ.
The company is controlled by Stuart Pearson as a result of his controlling interest in the holding company.


Page 4