Registered number
12372969
Nourish Parents Limited
Unaudited Filleted Accounts
31 December 2023
Nourish Parents Limited
Registered number: 12372969
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 423 5,141
Current assets
Debtors 4 175 113
Cash at bank and in hand 53 173
228 286
Creditors: amounts falling due within one year 5 (8,483) (6,261)
Net current liabilities (8,255) (5,975)
Net liabilities (7,832) (834)
Capital and reserves
Called up share capital 72 72
Share premium 149,988 149,988
Profit and loss account (157,892) (150,894)
Shareholders' funds (7,832) (834)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms S Campin
Director
Approved by the board on 11 September 2024
Nourish Parents Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
The directors have assessed the company's ability to continue as a going concern and have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. In doing this, they have considered the level of reserves held, the results for the period, expectations of future trading as a result of trading relationships with key customers. On the basis of this information the directors are satisfied that the company will continue as a going concern and so the financial statements have been prepared on this basis.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.Development costs have been capitalised where the project has the technical feasibility of completing a sale.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Development costs::
Cost
At 1 January 2023 18,872
At 31 December 2023 18,872
Amortisation
At 1 January 2023 13,731
Provided during the year 4,718
At 31 December 2023 18,449
Net book value
At 31 December 2023 423
At 31 December 2022 5,141
Intangible asset is being written off in equal annual instalments over its estimated economic life of 4 years.
4 Debtors 2023 2022
£ £
Other debtors 175 113
5 Creditors: amounts falling due within one year 2023 2022
£ £
Director's loan account 6,922 4,700
Other creditors 1,561 1,561
8,483 6,261
6 Other information
Nourish Parents Limited is a private company limited by shares and incorporated in England. Its registered office is:
21 Knowland Drive
Milford On Sea,
Lymington
SO41 0RH
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