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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
Page
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Nic and Lou Limited Company Information for the year ended 31 March 2024
Director
Mrs N. Dupin
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
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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
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Nic and Lou Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,770 
3,267 
Current assets
Debtors
22,770 
24,223 
Cash at bank and in hand
41,108 
36,125 
63,878 
60,348 
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)
Net assets
23,246 
18,307 
Capital and reserves
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
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Nic and Lou Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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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 
Additions
- 
2,248 
2,248 
Disposals
- 
(3,459)
(3,459)
At 31 March 2024
3,600 
10,857 
14,457 
Depreciation
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 
Net book value
At 31 March 2024
322 
3,448 
3,770 
At 31 March 2023
430 
2,837 
3,267 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
22,770 
23,208 
Other debtors
- 
1,015 
22,770 
24,223 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,065 
5,933 
VAT
11,990 
9,940 
Trade creditors
5,425 
2,435 
Taxes and social security
12,483 
9,164 
Other creditors
423 
423 
Loans from directors
127 
326 
Accruals
- 
3,000 
36,513 
31,221 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
7,889 
14,087 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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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).
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