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Company Registration No. 12302377 (England and Wales)
NIK GROUP LTD Unaudited accounts for the year ended 30 November 2023
NIK GROUP LTD Unaudited accounts Contents
Page
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NIK GROUP LTD Company Information for the year ended 30 November 2023
Director
Nikesh Karsondas
Company Number
12302377 (England and Wales)
Registered Office
83 DUCIE STREET MANCHESTER M1 2JQ ENGLAND
Accountants
KG Accounts & Tax Ltd. 83 Ducie Street Manchester M1 2JQ
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NIK GROUP LTD Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
816 
- 
Investments
292,041 
- 
292,857 
- 
Current assets
Cash at bank and in hand
3,784 
275,203 
Creditors: amounts falling due within one year
(28,389)
(49,453)
Net current (liabilities)/assets
(24,605)
225,750 
Total assets less current liabilities
268,252 
225,750 
Creditors: amounts falling due after more than one year
(20,893)
(29,853)
Net assets
247,359 
195,897 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
247,259 
195,797 
Shareholders' funds
247,359 
195,897 
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 his 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 5 August 2024 and were signed on its behalf by
Nikesh Karsondas Director Company Registration No. 12302377
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NIK GROUP LTD Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
NIK GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 12302377. The registered office is 83 DUCIE STREET, MANCHESTER, M1 2JQ, 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 accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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
5 years straight line
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 December 2022
- 
Additions
1,020 
At 30 November 2023
1,020 
Depreciation
Charge for the year
204 
At 30 November 2023
204 
Net book value
At 30 November 2023
816 
5
Investments
Other investments 
£ 
Valuation at 1 December 2022
- 
Additions
292,041 
Valuation at 30 November 2023
292,041 
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NIK GROUP LTD Notes to the Accounts for the year ended 30 November 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,981 
10,981 
Taxes and social security
26,434 
26,484 
Loans from directors
(9,026)
11,988 
28,389 
49,453 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
20,893 
29,853 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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