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REGISTERED NUMBER: 07119075 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st January 2024

for

N P Hinds Ltd

N P Hinds Ltd (Registered number: 07119075)






Contents of the Financial Statements
for the Year Ended 31st January 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


N P Hinds Ltd (Registered number: 07119075)

Balance Sheet
31st January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,918 38,148

CURRENT ASSETS
Debtors 5 141,308 83,183
Cash at bank 109,918 160,697
251,226 243,880
CREDITORS
Amounts falling due within one year 6 71,761 30,848
NET CURRENT ASSETS 179,465 213,032
TOTAL ASSETS LESS CURRENT
LIABILITIES

212,383

251,180

PROVISIONS FOR LIABILITIES 6,264 7,353
NET ASSETS 206,119 243,827

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 206,019 243,727
SHAREHOLDERS' FUNDS 206,119 243,827

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22nd October 2024 and were signed by:





Dr N Hinds - Director


N P Hinds Ltd (Registered number: 07119075)

Notes to the Financial Statements
for the Year Ended 31st January 2024

1. COMPANY INFORMATION

N P Hinds Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07119075

Registered office: The Lexicon
Mount Street
Manchester
M2 5NT

The presentation currency of the financial statements is the Pound Sterling (£).


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 historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the provision of professional services is recognised on delivery of the service.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on reducing balance

Tangible Fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment loss.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

N P Hinds Ltd (Registered number: 07119075)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st February 2023 6,855 8,177 49,790 64,822
Additions - 3,295 - 3,295
At 31st January 2024 6,855 11,472 49,790 68,117
DEPRECIATION
At 1st February 2023 2,468 6,282 17,924 26,674
Charge for year 877 1,274 6,374 8,525
At 31st January 2024 3,345 7,556 24,298 35,199
NET BOOK VALUE
At 31st January 2024 3,510 3,916 25,492 32,918
At 31st January 2023 4,387 1,895 31,866 38,148

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 49,887 83,183
Directors' current accounts 91,421 -
141,308 83,183

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Corporation tax 46,467 28,892
Social security and other taxes 176 217
VAT 25,118 1,365
Directors' current accounts - 374
71,761 30,848

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
60 Ordinary A £1 60 60
40 Ordinary B £1 40 40
100 100

N P Hinds Ltd (Registered number: 07119075)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

7. CALLED UP SHARE CAPITAL - continued

The A Shares confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

The B Shares do not confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

The A and B Shares rank pari passu in respect of dividend and capital distribution rights.

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st January 2024 and 31st January 2023:

31.1.24 31.1.23
£    £   
Dr N Hinds
Balance outstanding at start of year (374 ) (24,778 )
Amounts advanced 275,106 60,285
Amounts repaid (183,312 ) (35,881 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 91,420 (374 )

The loan is repayable on demand and no interest was charged during the year.

9. CONTROL

The ultimate controlling party is Dr Hinds by virtue of holding 100% of the voting share capital.