2023-04-01 05978157 2024-03-31 05978157 2023-04-01 2024-03-31 05978157 2023-03-31 05978157 2022-04-01 2023-03-31 05978157 uk-core:WithinOneYear 2023-03-31 05978157 uk-core:WithinOneYear 2024-03-31 05978157 uk-core:ShareCapital 2024-03-31 05978157 uk-core:ShareCapital 2023-03-31 05978157 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 05978157 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 05978157 uk-bus:Director1 2023-04-01 2024-03-31 05978157 uk-core:NetGoodwill 2023-04-01 2024-03-31 05978157 uk-core:ComputerEquipment 2023-04-01 2024-03-31 05978157 uk-core:Goodwill 2023-03-31 05978157 uk-core:Goodwill 2024-03-31 iso4217:GBP xbrli:pure 05978157 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05978157 uk-bus:FRS102 2023-04-01 2024-03-31 05978157 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 05978157 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Nick Davies Limited
Registered Number:05978157
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
Registered Number :
05978157
As at 31 March 2024
Nick Davies Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
4
219,551
219,551
Investment property
219,551
219,551
Current assets
Trade and other receivables
117
117
5
4,263
Cash and cash equivalents
8,108
8,225
4,380
Trade and other payables: amounts falling due within one
year
(1,399)
(2,928)
6
2,981
5,297
Net current assets
Total assets less current liabilities
224,848
222,532
224,848
Net assets
222,532
Capital and reserves
Called up share capital
100
100
Retained earnings
224,748
222,432
224,848
222,532
Shareholders' funds
For the year ended 31 March 2024 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Nicholas Davies Director
These financial statements were approved and authorised for issue by the Board on 27 August 2024 and were signed by:
The notes form part of these financial statements
1 of 4
3
For the year ended 31 March 2024
Nick Davies Limited
Notes to the Financial Statements
Statutory Information
Nick Davies Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 05978157.
Principal place of business:
58 Grange Road
Lewes
East Sussex
BN7 1TU
Registered address:
Ground Floor 66
High Street
Lewes
BN7 1XG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, has been amortised evenly over its estimated useful life of 2 years.
Intangible assets
Branding acquired in a business combination that qualify for separate recognition are recognised as intangible assets at their fair values. All finite-lived intangible assets, are accounted for using the cost model whereby capitalised costs are amortised on a straight-line basis over their estimated useful lives. Residual values and useful lives are reviewed at each reporting date.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
33% Straight line
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
2 of 4
4
For the year ended 31 March 2024
Nick Davies Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2023
23,800
At 31 March 2024
23,800
Amortisation
At 01 April 2023
23,800
At 31 March 2024
23,800
Net book value
At 31 March 2024
-
At 31 March 2023
-
3. Property, plant and equipment
Plant and
Machinery
£
Cost or
valuation
At 01 April 2023
5,443
At 31 March 2024
5,443
Provision for depreciation and impairment
At 01 April 2023
5,443
At 31 March 2024
5,443
At 31 March 2024
Net book value
-
At 31 March 2023
-
4. Investment property
Total
£
Fair value
At 01 April 2023
219,551
At 31 March 2024
219,551
Net book value
At 31 March 2024
219,551
At 31 March 2023
219,551
3 of 4
5
For the year ended 31 March 2024
Nick Davies Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2023
2024
£
£
Other debtors
117
117
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
2,138
609
Other creditors
790
790
2,928
1,399
7. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
4 of 4