Company registration number: 09629398
Unaudited financial statements
for the year ended 30 June 2023
for
Naio Nails (distribution) Ltd
Pages for filing with the Registrar
Company registration number: 09629398
Naio Nails (distribution) Ltd
Balance sheet
as at 30 June 2023
2023 2022
Note £ £ £ £
Fixed assets
Intangible assets 4 250 250
Tangible assets 5 114,501 139,635
114,751 139,885
Current assets
Stocks 130,000 130,000
Debtors 185,565 67,782
Cash at bank and in hand 342,550 784,928
658,115 982,710
Creditors: amounts falling due within
one year
(263,622) (241,951)
Net current assets 394,493 740,759
Total assets less current liabilities 509,244 880,644
Creditors: Amounts falling due after
more than one year
(256,889) (547,566)
NET ASSETS 252,355 333,078
Capital and reserves
Called up share capital 1 1
Profit and loss account 252,354 333,077
TOTAL EQUITY 252,355 333,078
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 June 2023.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: 09629398
Naio Nails (distribution) Ltd
Balance sheet - continued
as at 30 June 2023
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mrs P Anderton, Director
14 October 2024
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Naio Nails (distribution) Ltd
Notes to the financial statements
for the year ended 30 June 2023
1 Company information
The company is registered in England and Wales. Its registered number is 09629398. The company is ********. Its registered office is 10 Navigator Court, Preston Farm Industrial Estate, Stockton-On-Tees, TS18 3TQ.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Development costs - 0% reducing balance
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Improvements to property - 0% reducing balance
Plant and machinery - 18% reducing balance
Fixtures & fittings - 18% reducing balance
Motor vehicles - 18% reducing balance
Computer equipment - 18% reducing balance
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Naio Nails (distribution) Ltd
Notes to the financial statements - continued
for the year ended 30 June 2023
2 Accounting policies - continued
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
3 Average number of employees
During the year the average number of employees was 25 (2022 - 20).
4 Intangible assets
Other
intangible
assets
£
Cost
At 1 July 2022 250
At 30 June 2023 250
Amortisation
At 30 June 2023 -
Net book value
At 30 June 2023 250
At 30 June 2022 250
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Naio Nails (distribution) Ltd
Notes to the financial statements - continued
for the year ended 30 June 2023
5 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 July 2022 240,892
At 30 June 2023 240,892
Depreciation
At 1 July 2022 101,257
Charge for year 25,134
At 30 June 2023 126,391
Net book value
At 30 June 2023 114,501
At 30 June 2022 139,635
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