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REGISTERED NUMBER: 10552600 (England and Wales)










Nest Performance Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Nest Performance Limited (Registered number: 10552600)






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


Nest Performance Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: Mr W R Ashton
Mr L C Jonas





REGISTERED OFFICE: Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN





REGISTERED NUMBER: 10552600 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

Nest Performance Limited (Registered number: 10552600)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,614 19,831

CURRENT ASSETS
Debtors 5 926,204 598,900
Cash at bank 499,868 410,186
1,426,072 1,009,086
CREDITORS
Amounts falling due within one year 6 557,671 487,883
NET CURRENT ASSETS 868,401 521,203
TOTAL ASSETS LESS CURRENT
LIABILITIES

876,015

541,034

CREDITORS
Amounts falling due after more than one
year

7

(16,006

)

(69,205

)

PROVISIONS FOR LIABILITIES (1,791 ) (3,768 )
NET ASSETS 858,218 468,061

CAPITAL AND RESERVES
Called up share capital 930 930
Capital redemption reserve 21 21
Retained earnings 857,267 467,110
SHAREHOLDERS' FUNDS 858,218 468,061

The company is entitled to exemption from audit under Section 477 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 directors acknowledge their 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 Board of Directors and authorised for issue on 6 September 2024 and were signed on its behalf by:





Mr W R Ashton - Director


Nest Performance Limited (Registered number: 10552600)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Nest Performance 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2022 - 42 ) .

Nest Performance Limited (Registered number: 10552600)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 60,584
Additions 1,244
At 31 December 2023 61,828
DEPRECIATION
At 1 January 2023 40,753
Charge for year 13,461
At 31 December 2023 54,214
NET BOOK VALUE
At 31 December 2023 7,614
At 31 December 2022 19,831

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 355,568 249,747
Other debtors 570,636 349,153
926,204 598,900

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,648 10,648
Hire purchase contracts - 7,632
Trade creditors 61,197 52,850
Taxation and social security 376,641 363,259
Other creditors 109,185 53,494
557,671 487,883

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 16,006 25,889
Hire purchase contracts - 43,316
16,006 69,205

8. ULTIMATE CONTROLLING PARTY

There is currently no ultimate controlling party as no individual owns more than 50% of the issued share capital.