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
NIK GROUP LTD
Company Information
for the year ended 30 November 2023
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
NIK GROUP LTD
Statement of financial position
as at 30 November 2023
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
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
NIK GROUP LTD
Notes to the Accounts
for the year ended 30 November 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
5
Investments
Other investments
Valuation at 1 December 2022
-
Valuation at 30 November 2023
292,041
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
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).