N. Cunningham Limited 03516234 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of the provision of video editing services. Digita Accounts Production Advanced 6.30.9574.0 true true 03516234 2023-04-01 2024-03-31 03516234 2024-03-31 03516234 core:CurrentFinancialInstruments 2024-03-31 03516234 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 03516234 core:FurnitureFittingsToolsEquipment 2024-03-31 03516234 bus:SmallEntities 2023-04-01 2024-03-31 03516234 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 03516234 bus:FilletedAccounts 2023-04-01 2024-03-31 03516234 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03516234 bus:RegisteredOffice 2023-04-01 2024-03-31 03516234 bus:Director1 2023-04-01 2024-03-31 03516234 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03516234 core:FurnitureFittings 2023-04-01 2024-03-31 03516234 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 03516234 countries:EnglandWales 2023-04-01 2024-03-31 03516234 2023-03-31 03516234 core:FurnitureFittingsToolsEquipment 2023-03-31 03516234 2022-04-01 2023-03-31 03516234 2023-03-31 03516234 core:CurrentFinancialInstruments 2023-03-31 03516234 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 03516234 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 03516234

N. Cunningham Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

Brebners
Chartered Accountants
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

 

N. Cunningham Limited

Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,685

2,568

Current assets

 

Debtors

5

4,320

6,480

Cash at bank and in hand

 

52,235

40,879

 

56,555

47,359

Creditors: Amounts falling due within one year

6

(46,928)

(33,740)

Net current assets

 

9,627

13,619

Total assets less current liabilities

 

13,312

16,187

Provisions for liabilities

(922)

(488)

Net assets

 

12,390

15,699

Capital and reserves

 

Called up share capital

110

110

Retained earnings

12,280

15,589

Shareholders' funds

 

12,390

15,699

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

 

N. Cunningham Limited

Statement of Financial Position as at 31 March 2024

Approved and authorised by the director on 25 November 2024
 

.........................................

N Cunningham

Director

Company registration number: 03516234

 

N. Cunningham Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

The principal activity of the company is that of the provision of video editing services.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a profit for the year ended 31 March 2024 and had net assets of £12,390 at that date including of cash at bank of £52,235.

Having made enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. In view of the foregoing, the financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue on the date that the contracted services have been provided.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

N. Cunningham Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company during the year was 1 (2023 - 1).

 

N. Cunningham Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

36,896

36,896

Additions

2,738

2,738

At 31 March 2024

39,634

39,634

Depreciation

At 1 April 2023

34,328

34,328

Charge for the year

1,621

1,621

At 31 March 2024

35,949

35,949

Carrying amount

At 31 March 2024

3,685

3,685

At 31 March 2023

2,568

2,568

5

Debtors

2024
£

2023
£

Trade debtors

4,320

6,480

4,320

6,480

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Taxation and social security

15,081

19,650

Accruals and deferred income

3,570

12,488

Other creditors

28,277

1,602

46,928

33,740