Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3122023-04-01truefalsefalse2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06502898 2023-04-01 2024-03-31 06502898 2022-04-01 2023-03-31 06502898 2024-03-31 06502898 2023-03-31 06502898 c:Director1 2023-04-01 2024-03-31 06502898 d:CurrentFinancialInstruments 2024-03-31 06502898 d:CurrentFinancialInstruments 2023-03-31 06502898 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06502898 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06502898 d:ShareCapital 2024-03-31 06502898 d:ShareCapital 2023-03-31 06502898 d:RetainedEarningsAccumulatedLosses 2024-03-31 06502898 d:RetainedEarningsAccumulatedLosses 2023-03-31 06502898 c:FRS102 2023-04-01 2024-03-31 06502898 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06502898 c:FullAccounts 2023-04-01 2024-03-31 06502898 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06502898 2 2023-04-01 2024-03-31 06502898 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 06502898










N & M ENTERPRISES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
N & M ENTERPRISES LIMITED
REGISTERED NUMBER: 06502898

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
11,768
19,851

Cash at bank and in hand
 5 
12,418
16,374

  
24,186
36,225

Creditors: amounts falling due within one year
 6 
(22,326)
(21,570)

Net current assets
  
 
 
1,860
 
 
14,655

Total assets less current liabilities
  
1,860
14,655

  

Net assets
  
1,860
14,655


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,760
14,555

  
1,860
14,655


Page 1

 
N & M ENTERPRISES LIMITED
REGISTERED NUMBER: 06502898
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr N Tobin
Director

Date: 7 November 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
N & M ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

N & M Enterprises Limited is a private company limited by shares and registered in England and Wales (06502898). The registered office address is 52 New Town, Uckfield, East Sussex, TN22 5DE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
N & M ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.7

Creditors

Short-term creditors are measured at the transaction price.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially
Page 4

 
N & M ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.8
Financial instruments (continued)

recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Debtors

2024
2023
£
£


Trade debtors
1,050
900

Other debtors
10,718
10,700

Tax recoverable
-
8,251

11,768
19,851



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
12,418
16,374


Page 5

 
N & M ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
1,103
1,078

Other creditors
21,194
20,462

Accruals and deferred income
29
30

22,326
21,570



7.


Related party transactions

Included within other creditors due within one year is an interest free loan to the value of £20,694 (2023: £19,962) owed to directors of the Company. This is repayable on demand. Also included within other creditors is £500 (2023: £500) due to a company who shares a common director.

 
Page 6