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Registered number: 13469642
Nevil Ainsworth Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Thrive Finch Accounting Limited
Unit 17 White Barn
Manor Farm, Manor Road
Wantage
Oxfordshire
OX12 8NE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13469642
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 12,000 18,000
12,000 18,000
CURRENT ASSETS
Debtors 5 1,096 3,580
Cash at bank and in hand 3,117 3,103
4,213 6,683
Creditors: Amounts Falling Due Within One Year 6 (152,029 ) (148,428 )
NET CURRENT ASSETS (LIABILITIES) (147,816 ) (141,745 )
TOTAL ASSETS LESS CURRENT LIABILITIES (135,816 ) (123,745 )
Creditors: Amounts Falling Due After More Than One Year 7 (1,795 ) -
NET LIABILITIES (137,611 ) (123,745 )
CAPITAL AND RESERVES
Called up share capital 8 50 -
Profit and Loss Account (137,661 ) (123,745 )
SHAREHOLDERS' FUNDS (137,611) (123,745)
Page 1
Page 2
For the year ending 30 June 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 directors acknowledge their 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
Ms Monique Gadd
Director
12/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Nevil Ainsworth Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13469642 . The registered office is Suite 19/20, 1-3 The Courtyard Calvin Street, Bolton, BL1 8PB.
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. 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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Walfinch Franchise Fee. It is amortised to profit and loss account over its estimated economic life of 5 years.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 1)
7 1
4. Intangible Assets
Other
£
Cost
As at 1 July 2023 30,000
As at 30 June 2024 30,000
Amortisation
As at 1 July 2023 12,000
Provided during the period 6,000
As at 30 June 2024 18,000
Net Book Value
As at 30 June 2024 12,000
As at 1 July 2023 18,000
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 304 3,580
Due after more than one year
Other debtors 792 -
1,096 3,580
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 640 -
Other creditors 140,488 146,167
Taxation and social security 10,901 2,261
152,029 148,428
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 1,795 -
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 50 -
Page 4