Nightingale Quality Consulting Ltd 14691036 false 2023-02-27 2024-03-31 2024-03-31 The principal activity of the company is the provision of consultancy services. Digita Accounts Production Advanced 6.30.9574.0 true true 14691036 2023-02-27 2024-03-31 14691036 2024-03-31 14691036 core:CurrentFinancialInstruments 2024-03-31 14691036 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 14691036 core:OfficeEquipment 2024-03-31 14691036 1 2024-03-31 14691036 bus:SmallEntities 2023-02-27 2024-03-31 14691036 bus:AuditExemptWithAccountantsReport 2023-02-27 2024-03-31 14691036 bus:FilletedAccounts 2023-02-27 2024-03-31 14691036 bus:SmallCompaniesRegimeForAccounts 2023-02-27 2024-03-31 14691036 bus:RegisteredOffice 2023-02-27 2024-03-31 14691036 bus:Director1 2023-02-27 2024-03-31 14691036 bus:Director2 2023-02-27 2024-03-31 14691036 bus:PrivateLimitedCompanyLtd 2023-02-27 2024-03-31 14691036 core:OfficeEquipment 2023-02-27 2024-03-31 14691036 core:PlantMachinery 2023-02-27 2024-03-31 14691036 countries:EnglandWales 2023-02-27 2024-03-31 14691036 1 2023-02-27 2024-03-31 14691036 1 2023-02-26 iso4217:GBP xbrli:pure

Registration number: 14691036

Nightingale Quality Consulting Ltd

Unaudited Filleted Financial Statements

for the Period from 27 February 2023 to 31 March 2024

 

Nightingale Quality Consulting Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 7

 

Nightingale Quality Consulting Ltd

(Registration number: 14691036)
Statement of Financial Position as at 31 March 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

2,152

Current assets

 

Debtors

5

7,427

Cash at bank and in hand

 

49,411

 

56,838

Creditors: Amounts falling due within one year

6

(24,299)

Net current assets

 

32,539

Total assets less current liabilities

 

34,691

Provisions for liabilities

(538)

Net assets

 

34,153

Capital and reserves

 

Called up share capital

2

Profit and loss account

34,151

Shareholders' funds

 

34,153

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 19 September 2024 and signed on its behalf by:
 


Mrs S E Nightingale
Director


Mr A Sach
Director

 

Nightingale Quality Consulting Ltd

Notes to the Unaudited Financial Statements for the Period from 27 February 2023 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
151 Durnford Street
Plymouth
Devon
PL1 3QR
United Kingdom

Principal activity

The principal activity of the company is the provision of consultancy services.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

 

Nightingale Quality Consulting Ltd

Notes to the Unaudited Financial Statements for the Period from 27 February 2023 to 31 March 2024 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

 

Nightingale Quality Consulting Ltd

Notes to the Unaudited Financial Statements for the Period from 27 February 2023 to 31 March 2024 (continued)

2

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and equipment

25% reducing balance

Office equipment

25% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 

Nightingale Quality Consulting Ltd

Notes to the Unaudited Financial Statements for the Period from 27 February 2023 to 31 March 2024 (continued)

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

 

Nightingale Quality Consulting Ltd

Notes to the Unaudited Financial Statements for the Period from 27 February 2023 to 31 March 2024 (continued)

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

Additions

2,870

2,870

At 31 March 2024

2,870

2,870

Depreciation

Charge for the period

718

718

At 31 March 2024

718

718

Carrying amount

At 31 March 2024

2,152

2,152

5

Debtors

2024
£

Trade debtors

7,427

7,427

6

Creditors

Creditors: amounts falling due within one year

2024
£

Taxation and social security

18,845

Accruals and deferred income

2,160

Other creditors

3,294

24,299

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

 

Nightingale Quality Consulting Ltd

Notes to the Unaudited Financial Statements for the Period from 27 February 2023 to 31 March 2024 (continued)

8

Related party transactions

Transactions with directors

During the year the directors entered into the following advances and credits with the company:

2024

At 27 February 2023
£

Advances / (credits) to director
£

At 31 March 2024
£

Directors

-

(2,920)

(2,920)