NEST (UK) LIMITED

Company Registration Number:
07855553 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

NEST (UK) LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Notes

NEST (UK) LIMITED

Balance sheet

As at 31 January 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 32,052 42,412
Total fixed assets: 32,052 42,412
Current assets
Stocks: 207,788 245,298
Debtors:   31,643 29,008
Cash at bank and in hand: 321,084 162,074
Total current assets: 560,515 436,380
Creditors: amounts falling due within one year:   (137,904) (115,939)
Net current assets (liabilities): 422,611 320,441
Total assets less current liabilities: 454,663 362,853
Total net assets (liabilities): 454,663 362,853
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 454,661 362,851
Shareholders funds: 454,663 362,853

The notes form part of these financial statements

NEST (UK) LIMITED

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 07 May 2024
and signed on behalf of the board by:

Name: S Stokes
Status: Director

The notes form part of these financial statements

NEST (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life

Valuation and information policy

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Other accounting policies

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

NEST (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

NEST (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible Assets

Total
Cost £
At 01 February 2023 113,440
At 31 January 2024 113,440
Depreciation
At 01 February 2023 71,028
Charge for year 10,360
At 31 January 2024 81,388
Net book value
At 31 January 2024 32,052
At 31 January 2023 42,412