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REGISTERED NUMBER: 10114044 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30th April 2024

for

Nil's Off Licence Ltd

Nil's Off Licence Ltd (Registered number: 10114044)

Contents of the Financial Statements
for the Year Ended 30th April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nil's Off Licence Ltd

Company Information
for the Year Ended 30th April 2024







Director: N L Patel





Registered office: 97 Ridge Hill Lane
Stalybridge
Cheshire
SK15 1DB





Registered number: 10114044 (England and Wales)





Accountants: DBF Associates
Chartered Accountants
South Cheetham B C
10 Park Place
Manchester
Lancashire
M4 4EY

Nil's Off Licence Ltd (Registered number: 10114044)

Balance Sheet
30th April 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 30,000 30,000
Tangible assets 5 6,725 7,501
36,725 37,501

Current assets
Stocks 27,782 25,938
Cash at bank and in hand 19,957 13,987
47,739 39,925
Creditors
Amounts falling due within one year 6 45,161 34,903
Net current assets 2,578 5,022
Total assets less current liabilities 39,303 42,523

Creditors
Amounts falling due after more than one
year

7

35,349

40,705
Net assets 3,954 1,818

Capital and reserves
Called up share capital 8 1 1
Retained earnings 3,953 1,817
Shareholders' funds 3,954 1,818

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Nil's Off Licence Ltd (Registered number: 10114044)

Balance Sheet - continued
30th April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13th November 2024 and were signed by:





N L Patel - Director


Nil's Off Licence Ltd (Registered number: 10114044)

Notes to the Financial Statements
for the Year Ended 30th April 2024


1. Statutory information

Nil's Off Licence 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

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 Statement of Income and Retained Earnings, 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.

Nil's Off Licence Ltd (Registered number: 10114044)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024


3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1st May 2023
and 30th April 2024 30,000
Net book value
At 30th April 2024 30,000
At 30th April 2023 30,000

5. Tangible fixed assets
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Cost
At 1st May 2023
and 30th April 2024 1,207 12,274 13,481
Depreciation
At 1st May 2023 954 5,026 5,980
Charge for year 51 725 776
At 30th April 2024 1,005 5,751 6,756
Net book value
At 30th April 2024 202 6,523 6,725
At 30th April 2023 253 7,248 7,501

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 4,912 2,976
Taxation and social security 8,014 6,567
Other creditors 32,235 25,360
45,161 34,903

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 35,349 40,705

Nil's Off Licence Ltd (Registered number: 10114044)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024


7. Creditors: amounts falling due after more than one year - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 35,349 40,705

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1