Company Registration No. 10759402 (England and Wales)
Nook Deco Limited
Unaudited accounts
for the year ended 31 October 2023
Nook Deco Limited
Unaudited accounts
Contents
Nook Deco Limited
Company Information
for the year ended 31 October 2023
Directors
Xiuli Winward
Miles Glanville Davies
Company Number
10759402 (England and Wales)
Registered Office
Bell House Front Street
Churchill
Winscombe
BS25 5NG
Nook Deco Limited
Statement of financial position
as at 31 October 2023
Tangible assets
2,465
3,286
Cash at bank and in hand
762
-
Creditors: amounts falling due within one year
(46,087)
(49,078)
Net current (liabilities)/assets
(4,778)
18,422
Total assets less current liabilities
(2,313)
21,708
Creditors: amounts falling due after more than one year
(17,060)
(19,580)
Net (liabilities)/assets
(19,373)
2,128
Called up share capital
100
100
Profit and loss account
(19,473)
2,028
Shareholders' funds
(19,373)
2,128
For the year ending 31 October 2023 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 29 October 2024 and were signed on its behalf by
Xiuli Winward
Director
Company Registration No. 10759402
Nook Deco Limited
Notes to the Accounts
for the year ended 31 October 2023
Nook Deco Limited is a private company, limited by shares, registered in England and Wales, registration number 10759402. The registered office is Bell House Front Street, Churchill, Winscombe, BS25 5NG.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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:
Computer equipment
25% reducing balance
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Nook Deco Limited
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Accrued income and prepayments
10,000
10,000
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
2,746
3,406
Taxes and social security
2,169
1,205
Other creditors
14,865
14,973
Loans from directors
24,793
26,298
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Creditors: amounts falling due after more than one year
2023
2022
Aggregate of amounts that fall due for payment after five years
5,804
8,725
This loan is government bounce back loan. Government will cover any interest payable in the first 12 months through a Business Interruption Payment to the lender, and lender benefits from a 100% government-backed guarantee. Interest rate for this loan at 2.5% per annum and the repayment term is 10 years. No repayments are due during the first 12 months.
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Average number of employees
During the year the average number of employees was 1 (2022: 1).