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Company Registration No. NI648471 (Northern Ireland)
Nutmeg Online Limited Unaudited accounts for the year ended 31 January 2024
Nutmeg Online Limited Unaudited accounts Contents
Page
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Nutmeg Online Limited Company Information for the year ended 31 January 2024
Directors
Mr Darren Magill Mr Peter Jez
Company Number
NI648471 (Northern Ireland)
Registered Office
62 High Street Holywood County Down BT18 9AE Northern Ireland
Accountants
DJB Accounting Ltd 34 Knockmoyle Drive Greystone Road Antrim BT41 1HE
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Nutmeg Online Limited Accountants' report
Accountants' report to the board of directors of Nutmeg Online Limited on the preparation of the unaudited statutory accounts for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Nutmeg Online Limited for the year ended 31 January 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Nutmeg Online Limited, as a body, in accordance with the terms of our engagement letter dated 16 January 2021. Our work has been undertaken solely to prepare for your approval the accounts of Nutmeg Online Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nutmeg Online Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Nutmeg Online Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Nutmeg Online Limited. You consider that Nutmeg Online Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Nutmeg Online Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
DJB Accounting Ltd 34 Knockmoyle Drive Greystone Road Antrim BT41 1HE 1 August 2024
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Nutmeg Online Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
18,392 
27,955 
Current assets
Inventories
20,000 
21,668 
Debtors
1,837 
6,520 
Cash at bank and in hand
1,122 
2,209 
22,959 
30,397 
Creditors: amounts falling due within one year
(14,926)
(47,300)
Net current assets/(liabilities)
8,033 
(16,903)
Total assets less current liabilities
26,425 
11,052 
Creditors: amounts falling due after more than one year
(38,889)
- 
Net (liabilities)/assets
(12,464)
11,052 
Capital and reserves
Called up share capital
100 
1 
Profit and loss account
(12,564)
11,051 
Shareholders' funds
(12,464)
11,052 
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by
Mr Peter Jez Director Company Registration No. NI648471
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Nutmeg Online Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Nutmeg Online Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI648471. The registered office is 62 High Street, Holywood, County Down, BT18 9AE, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
Accounts are presented in the predominant currency of £ Sterling
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
Going concern
It is the director's reasonable belief that the company will continue to operate as a going concern.
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Nutmeg Online Limited Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
22,632 
10,072 
6,106 
38,810 
Additions
140 
- 
- 
140 
At 31 January 2024
22,772 
10,072 
6,106 
38,950 
Depreciation
At 1 February 2023
6,489 
2,790 
1,576 
10,855 
Charge for the year
5,658 
2,518 
1,527 
9,703 
At 31 January 2024
12,147 
5,308 
3,103 
20,558 
Net book value
At 31 January 2024
10,625 
4,764 
3,003 
18,392 
At 31 January 2023
16,143 
7,282 
4,530 
27,955 
5
Inventories
2024 
2023 
£ 
£ 
Finished goods
20,000 
21,668 
20,000 
21,668 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
731 
6,520 
Trade debtors
1,106 
- 
1,837 
6,520 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
35,455 
Taxes and social security
- 
(106)
Other creditors
- 
(1,474)
Loans from directors
14,926 
13,275 
Accruals
- 
150 
14,926 
47,300 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
38,889 
- 
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Nutmeg Online Limited Notes to the Accounts for the year ended 31 January 2024
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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