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Company Registration No. 03770052 (England and Wales)
Niclar Limited Unaudited accounts for the year ended 31 August 2023
Niclar Limited Unaudited accounts Contents
Page
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Niclar Limited Company Information for the year ended 31 August 2023
Director
S Kumar
Company Number
03770052 (England and Wales)
Registered Office
123 Cross Lane East Gravesend Kent DA12 5HA
Accountants
King & Taylor 123 Cross Lane East Gravesend Kent DA12 5HA
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Niclar Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,712 
2,671 
Current assets
Debtors
542 
530 
Cash at bank and in hand
47 
3,163 
589 
3,693 
Creditors: amounts falling due within one year
(53,482)
(56,921)
Net current liabilities
(52,893)
(53,228)
Net liabilities
(50,181)
(50,557)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(50,281)
(50,657)
Shareholders' funds
(50,181)
(50,557)
For the year ending 31 August 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 29 August 2024 and were signed on its behalf by
S Kumar Director Company Registration No. 03770052
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Niclar Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Niclar Limited is a private company, limited by shares, registered in England and Wales, registration number 03770052. The registered office is 123 Cross Lane East, Gravesend, Kent, DA12 5HA.
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 accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates. 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.
Tangible fixed assets and depreciation
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% reducing balance basis
Computer equipment
20% straight line
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
The financial statements have been prepared on a going concern basis as the director has indicated her will to continue to provide finance to meet ongoing costs.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Niclar Limited Notes to the Accounts for the year ended 31 August 2023
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2022
17,310 
1,641 
18,951 
Additions
886 
- 
886 
Disposals
(13,208)
- 
(13,208)
At 31 August 2023
4,988 
1,641 
6,629 
Depreciation
At 1 September 2022
15,242 
1,038 
16,280 
Charge for the year
494 
327 
821 
On disposals
(13,184)
- 
(13,184)
At 31 August 2023
2,552 
1,365 
3,917 
Net book value
At 31 August 2023
2,436 
276 
2,712 
At 31 August 2022
2,068 
603 
2,671 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
542 
530 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
677 
5,608 
Other creditors
2,374 
2,274 
Loans from directors
45,982 
46,232 
Accruals
4,449 
2,807 
53,482 
56,921 
7
Average number of employees
During the year the average number of employees was 5 (2022: 4).
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