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Company Registration No. 7773087 (England and Wales)
NICHOLAS DESIGN LIMITED Unaudited accounts for the year ended 31 December 2023
NICHOLAS DESIGN LIMITED Unaudited accounts Contents
Page
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NICHOLAS DESIGN LIMITED Company Information for the year ended 31 December 2023
Director
Nicholas William Pelling
Company Number
7773087 (England and Wales)
Registered Office
Menai Dale Siliwen Road Bangor Gwynedd LL57 2BH WALES
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NICHOLAS DESIGN LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,351 
10,414 
Current assets
Debtors
111,603 
118,804 
Cash at bank and in hand
36,747 
18,337 
148,350 
137,141 
Creditors: amounts falling due within one year
(31,384)
(14,964)
Net current assets
116,966 
122,177 
Net assets
126,317 
132,591 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
126,307 
132,581 
Shareholders' funds
126,317 
132,591 
For the year ending 31 December 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 6 February 2024 and were signed on its behalf by
Nicholas William Pelling Director Company Registration No. 7773087
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NICHOLAS DESIGN LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
NICHOLAS DESIGN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 7773087. The registered office is Menai Dale, Siliwen Road, Bangor, Gwynedd, LL57 2BH, WALES.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2023
23,115 
Additions
1,275 
At 31 December 2023
24,390 
Depreciation
At 1 January 2023
12,701 
Charge for the year
2,338 
At 31 December 2023
15,039 
Net book value
At 31 December 2023
9,351 
At 31 December 2022
10,414 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
15,177 
13,819 
Other debtors
96,426 
104,985 
111,603 
118,804 
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NICHOLAS DESIGN LIMITED Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
2,427 
1,185 
Taxes and social security
18,961 
13,779 
Accruals
9,996 
- 
31,384 
14,964 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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