Company Registration No. NI648471 (Northern Ireland)
Nutmeg Online Limited
Unaudited accounts
for the year ended 31 January 2024
Nutmeg Online Limited
Unaudited accounts
Contents
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
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
Nutmeg Online Limited
Statement of financial position
as at 31 January 2024
Tangible assets
18,392
27,955
Cash at bank and in hand
1,122
2,209
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
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
Nutmeg Online Limited
Notes to the Accounts
for the year ended 31 January 2024
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.
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.
Accounts are presented in the predominant currency of £ 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:
Plant & machinery
25% straight line
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
It is the director's reasonable belief that the company will continue to operate as a going concern.
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
At 31 January 2024
22,772
10,072
6,106
38,950
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
At 31 January 2024
10,625
4,764
3,003
18,392
At 31 January 2023
16,143
7,282
4,530
27,955
Finished goods
20,000
21,668
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
35,455
Taxes and social security
-
(106)
Loans from directors
14,926
13,275
8
Creditors: amounts falling due after more than one year
2024
2023
Nutmeg Online Limited
Notes to the Accounts
for the year ended 31 January 2024
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).