Registered number
SC511010
Naik Robb Associates Ltd
Filleted Accounts
31 July 2024
Naik Robb Associates Ltd
Registered number: SC511010
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 428 535
Current assets
Debtors 4 4,000 6,708
Cash at bank and in hand 5,569 15,257
9,569 21,965
Creditors: amounts falling due within one year 5 (9,896) (10,634)
Net current (liabilities)/assets (327) 11,331
Total assets less current liabilities 101 11,866
Creditors: amounts falling due after more than one year 6 (15) (288)
Net assets 86 11,578
Capital and reserves
Called up share capital 2 2
Profit and loss account 84 11,576
Shareholders' funds 86 11,578
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
G Naik
Director
Approved by the board on 4 February 2025
Naik Robb Associates Ltd
Notes to the Accounts
for the year ended 31 July 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 rendering of services and 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 at the following annual rates on all tangible fixed assets, other than freehold land, as follows:
Fixtures, fittings, tools and equipment 15% on a Reducing Balance basis
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 period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 -
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 1,010
At 31 July 2024 1,010
Depreciation
At 1 August 2023 475
Charge for the year 107
At 31 July 2024 582
Net book value
At 31 July 2024 428
At 31 July 2023 535
4 Debtors 2024 2023
£ £
Trade debtors - 6,708
Other debtors 4,000 -
4,000 6,708
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 8,025 6,755
Other taxes and social security costs 1,871 3,879
9,896 10,634
6 Creditors: amounts falling due after one year 2024 2023
£ £
Director's account 15 288
7 Other information
Naik Robb Associates Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
No.1 Victoria Road
Kirkcaldy
Fife
KY1 1DT
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