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REGISTERED NUMBER: 06825201 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Nigel Newbery Home Improvements Ltd

Nigel Newbery Home Improvements Ltd (Registered number: 06825201)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nigel Newbery Home Improvements Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: M I Newbery
M B S Newbery





REGISTERED OFFICE: 21 Church Road
Parkstone
Poole
Dorset
BH14 8UF





REGISTERED NUMBER: 06825201 (England and Wales)





ACCOUNTANT: Richard Allen & Associates
21 Church Road
Parkstone
Poole
Dorset
BH14 8UF

Nigel Newbery Home Improvements Ltd (Registered number: 06825201)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,535 4,015

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 5 53,536 48,372
Cash at bank and in hand 7,491 -
62,527 49,872
CREDITORS
Amounts falling due within one year 6 58,276 35,752
NET CURRENT ASSETS 4,251 14,120
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,786

18,135

CREDITORS
Amounts falling due after more than one year 7 (6,549 ) (11,640 )

PROVISIONS FOR LIABILITIES (1,134 ) (763 )
NET ASSETS 1,103 5,732

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,003 5,632
SHAREHOLDERS' FUNDS 1,103 5,732

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Nigel Newbery Home Improvements Ltd (Registered number: 06825201)

Balance Sheet - continued
29 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 November 2024 and were signed on its behalf by:





M B S Newbery - Director


Nigel Newbery Home Improvements Ltd (Registered number: 06825201)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Nigel Newbery Home Improvements Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Nigel Newbery Home Improvements Ltd (Registered number: 06825201)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 30,842
Additions 1,691
At 29 February 2024 32,533
DEPRECIATION
At 1 March 2023 26,827
Charge for year 1,171
At 29 February 2024 27,998
NET BOOK VALUE
At 29 February 2024 4,535
At 28 February 2023 4,015

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,717 2,807
Other debtors 47,819 45,565
53,536 48,372

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,091 6,250
Trade creditors 7,507 9,653
Taxation and social security 18,743 12,194
Other creditors 26,935 7,655
58,276 35,752

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 6,549 11,640

Nigel Newbery Home Improvements Ltd (Registered number: 06825201)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
M B S Newbery
Balance outstanding at start of year 16,385 10,741
Amounts advanced 15,434 25,163
Amounts repaid (12,082 ) (19,519 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,737 16,385

M I Newbery
Balance outstanding at start of year 15,561 10,741
Amounts advanced 18,195 24,339
Amounts repaid (12,083 ) (19,519 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,673 15,561