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REGISTERED NUMBER: 10657025 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Nick Burgess Limited

Nick Burgess Limited (Registered number: 10657025)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nick Burgess Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr N Burgess





REGISTERED OFFICE: The Old Stables
44 Oakhill Road
Sevenoaks
Kent
TN13 1NS





REGISTERED NUMBER: 10657025 (England and Wales)





ACCOUNTANTS: Franklins
1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS

Nick Burgess Limited (Registered number: 10657025)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 235,950 314,600
Tangible assets 5 25,258 33,678
261,208 348,278

CURRENT ASSETS
Debtors 6 1,721,297 1,792,950
Cash at bank 1,663,064 1,590,331
3,384,361 3,383,281
CREDITORS
Amounts falling due within one year 7 985,904 1,414,333
NET CURRENT ASSETS 2,398,457 1,968,948
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,659,665

2,317,226

PROVISIONS FOR LIABILITIES 6,315 -
NET ASSETS 2,653,350 2,317,226

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 2,653,250 2,317,126
SHAREHOLDERS' FUNDS 2,653,350 2,317,226

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Nick Burgess Limited (Registered number: 10657025)

Balance Sheet - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 January 2025 and were signed by:





Mr N Burgess - Director


Nick Burgess Limited (Registered number: 10657025)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Nick Burgess Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the company's share of the profits of a solicitor's partnership.

Goodwill
Purchased goodwill is amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives as follows:

Goodwill - ten years

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 786,500
AMORTISATION
At 1 May 2023 471,900
Amortisation for year 78,650
At 30 April 2024 550,550
NET BOOK VALUE
At 30 April 2024 235,950
At 30 April 2023 314,600

Goodwill arose on the purchase of the company's share in a solicitors partnership.

Nick Burgess Limited (Registered number: 10657025)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 May 2023
and 30 April 2024 79,829
DEPRECIATION
At 1 May 2023 46,151
Charge for year 8,420
At 30 April 2024 54,571
NET BOOK VALUE
At 30 April 2024 25,258
At 30 April 2023 33,678

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Due from partnership 470,223 552,680
Other debtors 1,245,270 1,240,270
Prepayments and accrued income 5,804 -
1,721,297 1,792,950

Other than as stated under directors loan account above, none of the above amounts related to amounts due from the director or shareholder of the company either directly or indirectly.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 102 -
Tax 158,943 153,530
Other creditors 683,922 1,112,891
Income tax provision - 25,277
Directors' current accounts 139,561 120,377
Accruals and deferred income 3,376 2,258
985,904 1,414,333

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

Nick Burgess Limited (Registered number: 10657025)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. RELATED PARTY DISCLOSURES

At the year end a balance existed with a company under the common control of Mr Nicholas Burgess, and in which he is also a director.

The balance owed from the company to Nick Burgess Limited at the year end amounted to £1,230,270 Dr. (2023: £1,230,270 Dr).