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COMPANY REGISTRATION NUMBER: 08973588
Nigel Mawer Limited
Filleted Unaudited Financial Statements
31 March 2024
Nigel Mawer Limited
Financial Statements
Year ended 31 March 2024
Contents
Page
Officers and professional advisers
1
Report to the board of directors on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
4
Nigel Mawer Limited
Officers and Professional Advisers
The board of directors
N M Mawer
Mrs R G Mawer
Registered office
17-19 Station Road West
Oxted
RH8 9EE
Accountants
Baulf-James
Chartered accountants
17-19 Station Road West
Oxted
Surrey
RH8 9EE
Nigel Mawer Limited
Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Nigel Mawer Limited
Year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Nigel Mawer Limited for the year ended 31 March 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. This report is made solely to the Board of Directors of Nigel Mawer Limited, as a body, in accordance with the terms of our engagement letter dated 7 October 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Nigel Mawer Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nigel Mawer Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Nigel Mawer Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Nigel Mawer Limited. You consider that Nigel Mawer 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 financial statements of Nigel Mawer 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 financial statements.
Baulf-James Chartered accountants
17-19 Station Road West Oxted Surrey RH8 9EE
25 October 2024
Nigel Mawer Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
612
502
Current assets
Debtors
6
805
Cash at bank and in hand
188,618
195,451
---------
---------
189,423
195,451
Creditors: amounts falling due within one year
7
47,803
50,190
---------
---------
Net current assets
141,620
145,261
---------
---------
Total assets less current liabilities
142,232
145,763
---------
---------
Net assets
142,232
145,763
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
142,132
145,663
---------
---------
Shareholders funds
142,232
145,763
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 25 October 2024 , and are signed on behalf of the board by:
N M Mawer
Director
Company registration number: 08973588
Nigel Mawer Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 17-19 Station Road West, Oxted, RH8 9EE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.
Corporation tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% straight line
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 April 2023
6,350
6,350
Additions
815
815
-------
-------
At 31 March 2024
7,165
7,165
-------
-------
Depreciation
At 1 April 2023
5,848
5,848
Charge for the year
705
705
-------
-------
At 31 March 2024
6,553
6,553
-------
-------
Carrying amount
At 31 March 2024
612
612
-------
-------
At 31 March 2023
502
502
-------
-------
6. Debtors
2024
2023
£
£
Trade debtors
415
Other debtors
390
----
----
805
----
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
4,073
8,413
Social security and other taxes
5,426
9,021
Other creditors
38,304
32,756
--------
--------
47,803
50,190
--------
--------