Nothingless Ltd 14080270 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is information technology consultancy activities. Digita Accounts Production Advanced 6.30.9574.0 true 14080270 2023-06-01 2024-05-31 14080270 2024-05-31 14080270 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 14080270 core:OfficeEquipment 2024-05-31 14080270 bus:SmallEntities 2023-06-01 2024-05-31 14080270 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 14080270 bus:FilletedAccounts 2023-06-01 2024-05-31 14080270 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 14080270 bus:RegisteredOffice 2023-06-01 2024-05-31 14080270 bus:Director1 2023-06-01 2024-05-31 14080270 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 14080270 core:ComputerEquipment 2023-06-01 2024-05-31 14080270 core:OfficeEquipment 2023-06-01 2024-05-31 14080270 countries:EnglandWales 2023-06-01 2024-05-31 14080270 2023-05-31 14080270 core:OfficeEquipment 2023-05-31 14080270 2022-05-02 2023-05-31 14080270 2023-05-31 14080270 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 14080270 core:OfficeEquipment 2023-05-31 iso4217:GBP xbrli:pure

Registration number: 14080270

Nothingless Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

Nothingless Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Nothingless Ltd

(Registration number: 14080270)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

5,128

3,640

Current assets

 

Cash at bank and in hand

 

127,310

87,614

Creditors: Amounts falling due within one year

5

(31,322)

(28,425)

Net current assets

 

95,988

59,189

Total assets less current liabilities

 

101,116

62,829

Provisions for liabilities

(1,128)

-

Net assets

 

99,988

62,829

Capital and reserves

 

Called up share capital

1

1

Retained earnings

99,987

62,828

Shareholders' funds

 

99,988

62,829

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

Director's responsibilities:

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

The director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 21 October 2024
 

.........................................
R D Grigg
Director

 

Nothingless Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 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:
19 Batford Road
Harpenden
AL5 5AT
England

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 except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

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

Tax

The tax expense for the period comprises current tax payable and deferred tax.

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.

Tangible assets

Tangible assets are stated in the balance sheet 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:

 

Nothingless Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Asset class

Depreciation method and rate

Computer Equipment

25% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Nothingless Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 June 2023

4,251

4,251

Additions

2,847

2,847

At 31 May 2024

7,098

7,098

Depreciation

At 1 June 2023

611

611

Charge for the year

1,359

1,359

At 31 May 2024

1,970

1,970

Carrying amount

At 31 May 2024

5,128

5,128

At 31 May 2023

3,640

3,640

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

120

-

Taxation and social security

22,881

25,276

Other creditors

8,321

3,149

31,322

28,425

6

Related party transactions

Other transactions with the director

During the year, R D Grigg (director) made a loan to the company. At the balance sheet date the amount due to R D Grigg was £6,521 (2023: £749).