Company Registration No. 08310164 (England and Wales)
Nic and Lou Limited
Unaudited accounts
for the year ended 31 March 2024
Nic and Lou Limited
Unaudited accounts
Contents
Nic and Lou Limited
Company Information
for the year ended 31 March 2024
Company Number
08310164 (England and Wales)
Registered Office
Brindley Goldstein Ltd
103 High Street
Waltham Cross
EN8 7AN
Accountants
Brindley Goldstein Ltd
103 High Street
Waltham Cross
EN8 7AN
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Nic and Lou Limited for the 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 accounts of
Nic and Lou Limited for the year ended
31 March 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Nic and Lou Limited, as a body, in accordance with the terms of our engagement letter dated 12 October 2023. Our work has been undertaken solely to prepare for your approval the accounts of Nic and Lou Limited and state those matters that we have agreed to state to the Board of Directors of Nic and Lou Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nic and Lou Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Nic and Lou 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 profit of Nic and Lou Limited. You consider that Nic and Lou 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 Nic and Lou 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.
Brindley Goldstein Ltd
Chartered Accountants
103 High Street
Waltham Cross
EN8 7AN
12 November 2024
Nic and Lou Limited
Statement of financial position
as at 31 March 2024
Tangible assets
3,770
3,267
Cash at bank and in hand
41,108
36,125
Creditors: amounts falling due within one year
(36,513)
(31,221)
Net current assets
27,365
29,127
Total assets less current liabilities
31,135
32,394
Creditors: amounts falling due after more than one year
(7,889)
(14,087)
Called up share capital
100
100
Profit and loss account
23,146
18,207
Shareholders' funds
23,246
18,307
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and authorised for issue on 12 November 2024 and were signed on its behalf by
Mrs N. Dupin
Director
Company Registration No. 08310164
Nic and Lou Limited
Notes to the Accounts
for the year ended 31 March 2024
Nic and Lou Limited is a private company, limited by shares, registered in England and Wales, registration number 08310164. The registered office is Brindley Goldstein Ltd, 103 High Street, Waltham Cross, EN8 7AN.
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.
The accounts are presented in £ 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.
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:
Fixtures & fittings
25% reducing balance
Computer equipment
33 1/3% straight line
Nic and Lou Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
3,600
12,068
15,668
Disposals
-
(3,459)
(3,459)
At 31 March 2024
3,600
10,857
14,457
At 1 April 2023
3,170
9,231
12,401
Charge for the year
108
2,473
2,581
On disposals
-
(4,295)
(4,295)
At 31 March 2024
3,278
7,409
10,687
At 31 March 2024
322
3,448
3,770
At 31 March 2023
430
2,837
3,267
Amounts falling due within one year
Trade debtors
22,770
23,208
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,065
5,933
Trade creditors
5,425
2,435
Taxes and social security
12,483
9,164
Loans from directors
127
326
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Nic and Lou Limited
Notes to the Accounts
for the year ended 31 March 2024
9
Transactions with related parties
The company was under the control of Mrs N. Dupin throughout the current year. Mrs N. Dupin is personally interested in 100% of the company's share capital.
Mrs N. Dupin received dividends from the company during the year of £43,500 (2023: £42,720).
10
Average number of employees
During the year the average number of employees was 3 (2023: 3).