Company Registration No. 6891997 (England and Wales)
Nalu Beads Limited
Unaudited accounts
for the year ended 31 December 2024
Nalu Beads Limited
Unaudited accounts
Contents
Nalu Beads Limited
Company Information
for the year ended 31 December 2024
Company Number
6891997 (England and Wales)
Registered Office
Unit 6 Velator Way
Braunton
EX33 2FB
United Kingdom
Accountants
Westerly Accountancy Ltd
24 Orchard Road
Wrafton
Braunton
EX33 2DZ
Nalu Beads Limited
Statement of financial position
as at 31 December 2024
Tangible assets
42,015
19,471
Cash at bank and in hand
73,024
41,668
Creditors: amounts falling due within one year
(25,413)
(23,538)
Net current assets
90,012
62,628
Total assets less current liabilities
132,028
82,730
Creditors: amounts falling due after more than one year
(26,548)
(12,490)
Called up share capital
100,100
100,100
Profit and loss account
5,380
(29,860)
Shareholders' funds
105,480
70,240
For the year ending 31 December 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 20 February 2025 and were signed on its behalf by
Rhiannon Davis
Director
Company Registration No. 6891997
Nalu Beads Limited
Notes to the Accounts
for the year ended 31 December 2024
Nalu Beads Limited is a private company, limited by shares, registered in England and Wales, registration number 6891997. The registered office is Unit 6 Velator Way, Braunton, EX33 2FB, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Land & buildings
10% Straight line
Plant & machinery
20% Straight line
Fixtures & fittings
15% straight line
Computer equipment
20% Straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Purchased goodwill is written off straight line over 10 years. Other intangible assets includes the development cost of the company's e-commerce website and is written off on a straight line basis over 4 years.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Nalu Beads Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Intangible fixed assets
Goodwill
Other
Total
At 1 January 2024
20,000
26,481
46,481
At 31 December 2024
20,000
26,481
46,481
At 1 January 2024
20,000
25,850
45,850
Charge for the year
-
630
630
At 31 December 2024
20,000
26,480
46,480
At 31 December 2023
-
631
631
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 January 2024
7,363
12,663
25,068
12,563
5,961
63,618
Additions
-
813
38,109
-
696
39,618
Disposals
-
-
(25,068)
-
-
(25,068)
At 31 December 2024
7,363
13,476
38,109
12,563
6,657
78,168
At 1 January 2024
5,533
10,700
10,864
12,563
4,487
44,147
Charge for the year
736
447
5,448
-
416
7,047
On disposals
-
-
(15,041)
-
-
(15,041)
At 31 December 2024
6,269
11,147
1,271
12,563
4,903
36,153
At 31 December 2024
1,094
2,329
36,838
-
1,754
42,015
At 31 December 2023
1,830
1,963
14,204
-
1,474
19,471
Amounts falling due within one year
Accrued income and prepayments
2,412
2,018
Nalu Beads Limited
Notes to the Accounts
for the year ended 31 December 2024
7
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
4,242
4,028
Trade creditors
5,069
6,669
Taxes and social security
836
25
Deferred income
1,449
1,069
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
26,548
12,490
Allotted, called up and fully paid:
100,100 Ordinary shares of £1 each
100,100
100,100
10
Operating lease commitments
2024
2023
At 31 December 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
7,500
7,500
11
Average number of employees
During the year the average number of employees was 5 (2023: 5).