Registered number
07559465
NEHIR LIMITED
Filleted Accounts
31 March 2024
NEHIR LIMITED
Registered number: 07559465
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 13,850 16,890
Current assets
Stocks 79,465 61,225
Debtors 4 1,811 1,811
Cash at bank and in hand 3,391 2,177
84,667 65,213
Creditors: amounts falling due within one year 5 (61,286) (47,031)
Net current assets 23,381 18,182
Total assets less current liabilities 37,231 35,072
Creditors: amounts falling due after more than one year 6 (24,107) (22,571)
Net assets 13,124 12,501
Capital and reserves
Called up share capital 100 100
Profit and loss account 13,024 12,401
Shareholder's funds 13,124 12,501
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Guner Islek
Director
Approved by the board on 30 October 2024
NEHIR LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, as follows:
Fixtures, fittings and equipment 18% Reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.Corporation tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 5
3 Tangible fixed assets
Fix, fittings & equipment
£
Cost
At 1 April 2023 32,386
At 31 March 2024 32,386
Depreciation
At 1 April 2023 15,496
Charge for the year 3,040
At 31 March 2024 18,536
Net book value
At 31 March 2024 13,850
At 31 March 2023 16,890
4 Debtors 2024 2023
£ £
Other debtors and deposit paid 1,811 1,811
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans - 10,648
Trade creditors 838 502
Taxation and social security costs 3,902 6,881
Other creditors 56,546 29,000
61,286 47,031
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 24,107 22,571
7 Other information
NEHIR LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
74 The Broadway
Loughton
London
IG10 3ST
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