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Registration number: 15174166

Nimble Direct Limited

trading as Nimble Direct Limited

Unaudited Filleted Financial Statements

for the Period from 1 November 2023 to 30 September 2024

 

Nimble Direct Limited

trading as Nimble Direct Limited

Contents

Company Information

1

Statement of Directors' Responsibilities

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 11

 

Nimble Direct Limited

trading as Nimble Direct Limited

Company Information

Directors

Mr Glenn Ball

Mrs Eloise Ball

Registered office

Rose Lea
Holme Lacy
Hereford
Hereford
HR2 6LT

Accountants

Cashtrac Ltd
15 Westgate House
Westgate Street
Gloucester
Gloucestershire
GL1 2RU

 

Nimble Direct Limited

trading as Nimble Direct Limited

Statement of Directors' Responsibilities

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006 and in accordance with FRS 102 section 1A, the Financial Reporting Standard applicable to the Small Entities Regime. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

Nimble Direct Limited

trading as Nimble Direct Limited

(Registration number: 15174166)
Balance Sheet as at 30 September 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

21,275

Current assets

 

Debtors

5

98,168

Cash at bank and in hand

 

11,720

 

109,888

Creditors: Amounts falling due within one year

6

(55,358)

Net current assets

 

54,530

Total assets less current liabilities

 

75,805

Creditors: Amounts falling due after more than one year

6

(36,239)

Net assets

 

39,566

Capital and reserves

 

Called up share capital

7

2

Retained earnings

39,564

Shareholders' funds

 

39,566

For the financial period ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 March 2025 and signed on its behalf by:
 

 

Nimble Direct Limited

trading as Nimble Direct Limited

(Registration number: 15174166)
Balance Sheet as at 30 September 2024

.........................................
Mr Glenn Ball
Director

 

Nimble Direct Limited

trading as Nimble Direct Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2023 to 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales .

The address of its registered office is:
Rose Lea
Holme Lacy
Hereford
Hereford
HR2 6LT
United Kingdom

These financial statements were authorised for issue by the Board on 7 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Nimble Direct Limited

trading as Nimble Direct Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2023 to 30 September 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Nimble Direct Limited

trading as Nimble Direct Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2023 to 30 September 2024

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

 

Nimble Direct Limited

trading as Nimble Direct Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2023 to 30 September 2024

4

Tangible assets

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

Additions

27,450

150

27,600

At 30 September 2024

27,450

150

27,600

Depreciation

Charge for the period

6,291

34

6,325

At 30 September 2024

6,291

34

6,325

Carrying amount

At 30 September 2024

21,159

116

21,275

5

Debtors

Current

2024
£

Trade debtors

21,926

Other debtors

76,242

 

98,168

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Taxation and social security

44,883

Other creditors

10,475

55,358

Creditors: amounts falling due after more than one year

Note

2024
£

Due after one year

 

Loans and borrowings

8

36,239

 

Nimble Direct Limited

trading as Nimble Direct Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2023 to 30 September 2024

7

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary of £1 each

2

2

   

8

Loans and borrowings

Non-current loans and borrowings

2024
£

Hire purchase contracts

36,239

9

Dividends

2024

£

 

10

Related party transactions

 

Nimble Direct Limited

trading as Nimble Direct Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2023 to 30 September 2024

Transactions with directors

2024

At 1 November 2023
£

Advances to director
£

At 30 September 2024
£

Directors Loan (aggregate value)

-

76,240

76,240

 

 

Nimble Direct Limited

trading as Nimble Direct Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2023 to 30 September 2024

Directors' remuneration

The directors' remuneration for the period was as follows:

2024
£

Remuneration

25,140