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Company No: 07827437 (England and Wales)

NIGEL GAMBIER LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

NIGEL GAMBIER LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

NIGEL GAMBIER LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2024
NIGEL GAMBIER LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2024
DIRECTORS N C G Gambier
V A Gambier
REGISTERED OFFICE Felsham House
Felsham
Bury St. Edmunds
Suffolk
IP30 0QG
United Kingdom
COMPANY NUMBER 07827437 (England and Wales)
ACCOUNTANT Evelyn Partners (East) LLP
Stonecross
Trumpington High Street
Cambridge
CB2 9SU
NIGEL GAMBIER LIMITED

BALANCE SHEET

As at 31 March 2024
NIGEL GAMBIER LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 4,135 1,459
4,135 1,459
Current assets
Debtors 4 42,439 19,966
Cash at bank and in hand 18,089 70,207
60,528 90,173
Creditors: amounts falling due within one year 5 ( 18,087) ( 26,463)
Net current assets 42,441 63,710
Total assets less current liabilities 46,576 65,169
Provision for liabilities 6 ( 1,034) ( 365)
Net assets 45,542 64,804
Capital and reserves
Called-up share capital 20 20
Profit and loss account 45,522 64,784
Total shareholders' funds 45,542 64,804

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.

Directors' responsibilities:

The financial statements of Nigel Gambier Limited (registered number: 07827437) were approved and authorised for issue by the Board of Directors on 16 December 2024. They were signed on its behalf by:

N C G Gambier
Director
NIGEL GAMBIER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
NIGEL GAMBIER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Nigel Gambier Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Felsham House, Felsham, Bury St. Edmunds, Suffolk, IP30 0QG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Nigel Gambier Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Turnover

Revenue represents net commission and royalties receivable on sales of goods, exclusive of VAT. The commission and royalties are recognised in the period in which the sales of goods take place.

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 20 % reducing balance
Computer equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from related parties.

(i) Financial assets

Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Fixtures and fittings Computer equipment Total
£ £ £
Cost
At 01 April 2023 4,123 8,655 12,778
Additions 0 3,665 3,665
At 31 March 2024 4,123 12,320 16,443
Accumulated depreciation
At 01 April 2023 3,392 7,927 11,319
Charge for the financial year 146 843 989
At 31 March 2024 3,538 8,770 12,308
Net book value
At 31 March 2024 585 3,550 4,135
At 31 March 2023 731 728 1,459

4. Debtors

2024 2023
£ £
Trade debtors 36,087 0
Prepayments and accrued income 6,352 19,966
42,439 19,966

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 1,862 4,610
Amounts owed to directors 392 392
Accruals 2,851 2,849
Taxation and social security 12,982 18,612
18,087 26,463

6. Provision for liabilities

2024 2023
£ £
Deferred tax 1,034 365

7. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2024 2023
£ £
within one year 3,890 3,890

8. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Director's loan 392 392