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REGISTERED NUMBER: 01328915 (England and Wales)












M. NUGENT & SON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2023






M. NUGENT & SON LIMITED (REGISTERED NUMBER: 01328915)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


M. NUGENT & SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: R M Nugent





SECRETARY: Mrs A Nugent





REGISTERED OFFICE: Gleneagles
Branders Park
Cresselly
Kilgetty
Pembrokeshire
SA68 0TT





REGISTERED NUMBER: 01328915 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Chartered Accountants
Castle Chambers
6 Westgate Hill
Pembroke
Pembrokeshire
SA71 4LB

M. NUGENT & SON LIMITED (REGISTERED NUMBER: 01328915)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,243 1,443

CURRENT ASSETS
Stocks 293,439 293,439
Debtors 5 26,000 26,139
Cash at bank 809 724
320,248 320,302
CREDITORS
Amounts falling due within one year 6 117,725 116,489
NET CURRENT ASSETS 202,523 203,813
TOTAL ASSETS LESS CURRENT
LIABILITIES

203,766

205,256

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 202,766 204,256
SHAREHOLDERS' FUNDS 203,766 205,256

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 September 2024 and were signed by:





R M Nugent - Director


M. NUGENT & SON LIMITED (REGISTERED NUMBER: 01328915)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

M. Nugent & Son Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and Machinery - 15% reducing balance
Fixtures and fittings - 10% reducing balance
Motor vehicles - 25% reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
Machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 32,778 3,980 20,300 57,058
DEPRECIATION
At 1 January 2023 31,870 3,555 20,190 55,615
Charge for year 134 42 24 200
At 31 December 2023 32,004 3,597 20,214 55,815
NET BOOK VALUE
At 31 December 2023 774 383 86 1,243
At 31 December 2022 908 425 110 1,443

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 26,000 26,000
Other debtors - 139
26,000 26,139

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 117,725 116,489

M. NUGENT & SON LIMITED (REGISTERED NUMBER: 01328915)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. ULTIMATE CONTROLLING PARTY

During the year the company was controlled by R M Nugent, by virtue of his 100% holding of the issued share capital.