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
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
NICHOLAS DESIGN LIMITED
Statement of financial position
as at 31 December 2023
Tangible assets
9,351
10,414
Cash at bank and in hand
36,747
18,337
Creditors: amounts falling due within one year
(31,384)
(14,964)
Net current assets
116,966
122,177
Net assets
126,317
132,591
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
NICHOLAS DESIGN LIMITED
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 31 December 2023
24,390
At 31 December 2023
15,039
At 31 December 2022
10,414
Amounts falling due within one year
Trade debtors
15,177
13,819
Other debtors
96,426
104,985
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
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).