Registered number
08404646
Nurture Financial Management Limited
Filleted Accounts
29 February 2024
Nurture Financial Management Limited
Registered number: 08404646
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,197 2,339
Current assets
Debtors 4 779 6,011
Cash at bank and in hand 14,710 4,147
15,489 10,158
Creditors: amounts falling due within one year 5 (14,487) (12,296)
Net current assets/(liabilities) 1,002 (2,138)
Net assets 3,199 201
Capital and reserves
Called up share capital 100 100
Profit and loss account 3,099 101
Shareholders' funds 3,199 201
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 his 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.
C A Harper
Director
Approved by the board on 18 September 2024
Nurture Financial Management Limited
Notes to the Accounts
for the year ended 29 February 2024
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).
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 sale of goods and 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% reducing balance
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.
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 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 9,494
Additions 589
At 29 February 2024 10,083
Depreciation
At 1 March 2023 7,155
Charge for the year 731
At 29 February 2024 7,886
Net book value
At 29 February 2024 2,197
At 28 February 2023 2,339
4 Debtors 2024 2023
£ £
Other debtors 779 6,011
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 13,732 11,636
Other creditors 755 660
14,487 12,296
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
C A Harper
Directors loan 5,262 (5,262) -
5,262 - (5,262) -
7 Related party transactions
A directors loan was repaid by Charles Harper during the year of £5,262.
8 Other information
Nurture Financial Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
Suite 34, 30 Churchill Square
Kings Hill
West Malling
Kent
ME19 4YU
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