Registered number
06518880
Nicuabru Services Ltd
Report and Accounts
29 February 2024
Nicuabru Services Ltd
Registered number: 06518880
Director's Report
The director presents his report and accounts for the year ended 29 February 2024.
Principal activities
The company's principal activity during the year continued to be that of a general building contractor.
Directors
The following persons served as directors during the year:
N Abrudan
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 30 November 2024 and signed on its behalf.
N Abrudan
Director
Nicuabru Services Ltd
Profit and Loss Account
for the year ended 29 February 2024
2024 2023
£ £
Turnover 167,397 174,117
Cost of sales (97,170) (103,396)
Gross profit 70,227 70,721
Administrative expenses (65,225) (63,839)
Operating profit 5,002 6,882
Profit on ordinary activities before taxation 5,002 6,882
Tax on profit on ordinary activities - -
Profit for the financial year 5,002 6,882
Nicuabru Services Ltd
Registered number: 06518880
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 12,792 15,990
Current assets
Debtors 4 - 24,000
Cash at bank and in hand 12,493 17,515
12,493 41,515
Creditors: amounts falling due within one year 5 (18,401) (55,623)
Net current liabilities (5,908) (14,108)
Net assets 6,884 1,882
Capital and reserves
Called up share capital 100 100
Profit and loss account 6,784 1,782
Shareholder's funds 6,884 1,882
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.
N Abrudan
Director
Approved by the board on 30 November 2024
Nicuabru Services Ltd
Statement of Changes in Equity
for the year ended 29 February 2024
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 1 March 2022 100 - - 1,900 2,000
Profit for the financial year 6,882 6,882
Dividends (7,000) (7,000)
At 28 February 2023 100 - - 1,782 1,882
At 1 March 2023 100 - - 1,782 1,882
Profit for the financial year 5,002 5,002
At 29 February 2024 100 - - 6,784 6,884
Nicuabru Services Ltd
Notes to the Accounts
for the year ended 29 February 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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Motor vehicle over 5 years
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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 current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Motor vehicles
£
Cost
Additions -
At 29 February 2024 15,990
Depreciation
Charge for the year 3,198
At 29 February 2024 3,198
Net book value
At 29 February 2024 12,792
4 Debtors 2024 2023
£ £
Trade debtors - 24,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 3,973 10,990
Trade creditors - 9,870
Other taxes and social security costs 4,160 9,996
Other creditors 10,268 24,767
18,401 55,623
6 Other information
Nicuabru Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
207 Billet Road
London
E17 5HG
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