Registered number
10338346
Nikhil Engineering Services Ltd
Filleted Accounts
31 August 2024
Nikhil Engineering Services Ltd
Registered number: 10338346
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 21,084 8,685
Current assets
Debtors 4 19,438 -
Cash at bank and in hand 73,500 60,814
92,938 60,814
Creditors: amounts falling due within one year 5 (38,284) (25,865)
Net current assets 54,654 34,949
Total assets less current liabilities 75,738 43,634
Creditors: amounts falling due after more than one year 6 (7,869) (8,819)
Net assets 67,869 34,815
Capital and reserves
Called up share capital 100 100
Profit and loss account 67,769 34,715
Shareholders' funds 67,869 34,815
The directors are 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 directors acknowledge their 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.
……………………………………………
Ajeet Kumar
Director
Approved by the board on 21 October 2024
Nikhil Engineering Services Ltd
Notes to the Accounts
for the year ended 31 August 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 sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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:
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 28,130
Additions 19,426
At 31 August 2024 47,556
Depreciation
At 1 September 2023 19,445
Charge for the year 7,027
At 31 August 2024 26,472
Net book value
At 31 August 2024 21,084
At 31 August 2023 8,685
4 Debtors 2024 2023
£ £
Directors loan 19,438 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,000 5,000
Corporation tax 19,147 10,864
Other taxes and social security costs 9,965 7,322
Other creditors 4,172 831
Director's account - 1,848
38,284 25,865
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 7,869 8,819
7 Other information
Nikhil Engineering Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
31 Verde Close
Luton
Bedfordshire
LU2 7FL
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