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Company Registration No. 08421879 (England and Wales)
JOSH AND NICOL INC LIMITED Unaudited accounts for the year ended 29 February 2024
JOSH AND NICOL INC LIMITED Unaudited accounts Contents
Page
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JOSH AND NICOL INC LIMITED Company Information for the year ended 29 February 2024
Director
MRS UFUOMA EKPECHAM
Company Number
08421879 (England and Wales)
Registered Office
21 HANKINS LANE MILL HILL LONDON NW7 3AD
Accountants
AA MATTHEW & CO NEWSPRING HOUSE 3 WORCESTER AVENUE OLD SWAN LIVERPOOL L13 9AZ
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JOSH AND NICOL INC LIMITED Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,584 
3,445 
Current assets
Inventories
69,322 
76,644 
Debtors
140 
- 
Cash at bank and in hand
1,390 
4,709 
70,852 
81,353 
Creditors: amounts falling due within one year
(25,390)
(20,252)
Net current assets
45,462 
61,101 
Total assets less current liabilities
48,046 
64,546 
Creditors: amounts falling due after more than one year
(1,060,911)
(946,420)
Net liabilities
(1,012,865)
(881,874)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(1,012,866)
(881,875)
Shareholders' funds
(1,012,865)
(881,874)
For the year ending 29 February 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 her 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 26 November 2024 and were signed on its behalf by
MRS UFUOMA EKPECHAM Director Company Registration No. 08421879
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JOSH AND NICOL INC LIMITED Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
JOSH AND NICOL INC LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08421879. The registered office is 21 HANKINS LANE, MILL HILL, LONDON, NW7 3AD.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
10,452 
1,633 
6,594 
18,679 
At 29 February 2024
10,452 
1,633 
6,594 
18,679 
Depreciation
At 1 March 2023
8,592 
1,342 
5,300 
15,234 
Charge for the year
465 
72 
324 
861 
At 29 February 2024
9,057 
1,414 
5,624 
16,095 
Net book value
At 29 February 2024
1,395 
219 
970 
2,584 
At 28 February 2023
1,860 
291 
1,294 
3,445 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
140 
- 
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JOSH AND NICOL INC LIMITED Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
(3,555)
(3,555)
Taxes and social security
10,271 
8,890 
Other creditors
35 
35 
Accruals
18,639 
14,882 
25,390 
20,252 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
1,060,911 
946,420 
8
Capital commitments
2024 
2023 
£ 
£ 
There were no capital commitments at the end of the period.
9
Contingent liabilities
At the date of the balance sheet there were no contingent liabilities.
10
Loans to directors
There were Directors Advances and credits however the terms of credit and interest rates did not arise in the period as the loan is ongoing without interest or stated terms of credit.
11
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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