Acorah Software Products - Accounts Production 16.0.110 false true true false 12 January 2023 31 January 2024 31 January 2024 14589461 Mr David Nials David Nials true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14589461 2023-01-11 14589461 2024-01-31 14589461 2023-01-12 2024-01-31 14589461 frs-core:CurrentFinancialInstruments 2024-01-31 14589461 frs-core:Non-currentFinancialInstruments 2024-01-31 14589461 frs-core:BetweenOneFiveYears 2024-01-31 14589461 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 14589461 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-12 2024-01-31 14589461 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-11 14589461 frs-core:WithinOneYear 2024-01-31 14589461 frs-core:ShareCapital 2024-01-31 14589461 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 14589461 frs-bus:PrivateLimitedCompanyLtd 2023-01-12 2024-01-31 14589461 frs-bus:FilletedAccounts 2023-01-12 2024-01-31 14589461 frs-bus:SmallEntities 2023-01-12 2024-01-31 14589461 frs-bus:AuditExemptWithAccountantsReport 2023-01-12 2024-01-31 14589461 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-12 2024-01-31 14589461 frs-bus:OrdinaryShareClass1 2023-01-12 2024-01-31 14589461 frs-bus:OrdinaryShareClass1 2024-01-31 14589461 1 2023-01-12 2024-01-31 14589461 frs-bus:Director1 2023-01-12 2024-01-31 14589461 frs-bus:Director1 2023-01-11 14589461 frs-bus:Director1 2024-01-31 14589461 frs-countries:EnglandWales 2023-01-12 2024-01-31
Registered number: 14589461
Nials Ltd
Unaudited Financial Statements
For the Period 12 January 2023 to 31 January 2024
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountants' Report
Report to the director on the preparation of the unaudited statutory accounts of Nials Ltd for the period 12 January 2023 to 31 January 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Nials Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Nials Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Nials Ltd and state those matters that we have agreed to state to the director of Nials Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nials Ltd and its director as a body for our work or for this report.
It is your duty to ensure that Nials Ltd 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 or loss of Nials Ltd . You consider that Nials Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Nials Ltd . 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 financial statements.
Signed
Brookman Limited
25 November 2024
Brookman Limited
145-147 Hatfield Road
St Albans
Herfordshire
AL1 4JY
Page 1
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Balance Sheet
Registered number: 14589461
31 January 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 991,295
991,295
CURRENT ASSETS
Debtors 5 2,370
Cash at bank and in hand 2,539
4,909
Creditors: Amounts Falling Due Within One Year 6 (526,419 )
NET CURRENT ASSETS (LIABILITIES) (521,510 )
TOTAL ASSETS LESS CURRENT LIABILITIES 469,785
Creditors: Amounts Falling Due After More Than One Year 7 (500,333 )
NET LIABILITIES (30,548 )
CAPITAL AND RESERVES
Called up share capital 9 100
Profit and Loss Account (30,648 )
SHAREHOLDERS' FUNDS (30,548)
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For the period ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Nials
Director
25 November 2024
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Nials Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14589461 . The registered office is Unit 1 Farmbrough Close, , Aylesbury,, England,, HP20 1DQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Nil
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
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4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 12 January 2023 -
Additions 991,295
As at 31 January 2024 991,295
Net Book Value
As at 31 January 2024 991,295
As at 12 January 2023 -
5. Debtors
31 January 2024
£
Due within one year
Trade debtors 1,750
Prepayments and accrued income 620
2,370
6. Creditors: Amounts Falling Due Within One Year
31 January 2024
£
Net obligations under finance lease and hire purchase contracts 20,993
Accruals and deferred income 1,500
Director's loan account 272,131
Amounts owed to group undertakings 231,795
526,419
7. Creditors: Amounts Falling Due After More Than One Year
31 January 2024
£
Net obligations under finance lease and hire purchase contracts 500,333
8. Obligations Under Finance Leases and Hire Purchase
31 January 2024
£
The future minimum finance lease payments are as follows:
Not later than one year 20,993
Later than one year and not later than five years 500,333
521,326
521,326
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9. Share Capital
31 January 2024
Allotted, called up and fully paid £
100 Ordinary Shares of £ 1.00 each 100
Shares issued during the period: £
100 Ordinary Shares of £ 1.00 each 100
10. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans to directors:
As at 12 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mr David Nials - 354,300 (626,431 ) - (272,131 )
The above loan is unsecured, interest free and repayable on demand.
11. Ultimate Controlling Party
The company's ultimate controlling party is David Nials by virtue of his ownership of 100% of the issued share capital in the company.
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