Company Registration No. 07196308 (England and Wales)
NIGEL G TURTON (THATCHING) LIMITED
Unaudited accounts
for the year ended 31 March 2024
NIGEL G TURTON (THATCHING) LIMITED
Unaudited accounts
Contents
NIGEL G TURTON (THATCHING) LIMITED
Company Information
for the year ended 31 March 2024
Director
Nigel Greame Turton
Company Number
07196308 (England and Wales)
Registered Office
LIME TREE COTTAGE DEANLAND
SIXPENNY HANDLEY
SALISBURY
WILTSHIRE
SP5 5PD
ENGLAND
Accountants
N L Accounting (South West) Ltd
Unit 7, Town Farm Workshops
Sixpenny Handley
Salisbury
Wiltshire
SP5 5PA
NIGEL G TURTON (THATCHING) LIMITED
Statement of financial position
as at 31 March 2024
Intangible assets
3,000
4,000
Tangible assets
37,364
25,684
Cash at bank and in hand
121,573
69,531
Creditors: amounts falling due within one year
(54,427)
(27,286)
Net current assets
67,333
43,370
Called up share capital
100
100
Profit and loss account
107,597
72,954
Shareholders' funds
107,697
73,054
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 his 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 24 October 2024 and were signed on its behalf by
Nigel Greame Turton
Director
Company Registration No. 07196308
NIGEL G TURTON (THATCHING) LIMITED
Notes to the Accounts
for the year ended 31 March 2024
NIGEL G TURTON (THATCHING) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07196308. The registered office is LIME TREE COTTAGE DEANLAND, SIXPENNY HANDLEY, SALISBURY, WILTSHIRE, SP5 5PD, ENGLAND.
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
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.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
NIGEL G TURTON (THATCHING) LIMITED
Notes to the Accounts
for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
15,722
28,929
1,274
45,925
Additions
-
37,995
-
37,995
Disposals
-
(28,929)
-
(28,929)
At 31 March 2024
15,722
37,995
1,274
54,991
At 1 April 2023
11,859
7,330
1,052
20,241
Charge for the year
579
5,801
423
6,803
On disposals
-
(9,417)
-
(9,417)
At 31 March 2024
12,438
3,714
1,475
17,627
At 31 March 2024
3,284
34,281
(201)
37,364
At 31 March 2023
3,863
21,599
222
25,684
Amounts falling due within one year
NIGEL G TURTON (THATCHING) LIMITED
Notes to the Accounts
for the year ended 31 March 2024
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
2,483
7,855
Taxes and social security
13,287
3,114
Loans from directors
25,646
7,541
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).