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REGISTERED NUMBER: SC639005 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

NIKDAR LTD

NIKDAR LTD (REGISTERED NUMBER: SC639005)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


NIKDAR LTD

COMPANY INFORMATION
for the Year Ended 31 August 2024







DIRECTOR: D Cochrane





REGISTERED OFFICE: 6 Miller Road
Ayr
KA7 2AY





REGISTERED NUMBER: SC639005 (Scotland)





ACCOUNTANTS: K M Stewart & Company
6 Miller Road
Ayr
KA7 2AY

NIKDAR LTD (REGISTERED NUMBER: SC639005)

STATEMENT OF FINANCIAL POSITION
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 100,973 70,864

CURRENT ASSETS
Debtors 5 4,289 900
Cash at bank and in hand 6,141 3,749
10,430 4,649
CREDITORS
Amounts falling due within one year 6 88,766 47,779
NET CURRENT LIABILITIES (78,336 ) (43,130 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,637

27,734

CREDITORS
Amounts falling due after more than one
year

7

(3,000

)

(7,000

)

PROVISIONS FOR LIABILITIES (7,785 ) (2,064 )
NET ASSETS 11,852 18,670

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 11,752 18,570
SHAREHOLDERS' FUNDS 11,852 18,670

NIKDAR LTD (REGISTERED NUMBER: SC639005)

STATEMENT OF FINANCIAL POSITION - continued
31 August 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 February 2025 and were signed by:





D Cochrane - Director


NIKDAR LTD (REGISTERED NUMBER: SC639005)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Nikdar Ltd is a private company, limited by shares , registered in Scotland. 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.

Functional currency
The financial statements are presented in British Pounds Sterling which is the functional currency. Figures are shown to the nearest whole pound.

Significant judgements and estimates
The preparation of financial statements requires the use of certain accounting estimates . It also requires the directors to exercise judgement in applying the Companies Accounting policies. The areas requiring a higher degree of judgement, or complexity, and areas where assumptions or estimates are most significant to the financial statements, are disclosed below:

Estimation Uncertainty

Recoverability of Debtors
The Company assesses the recoverability of Debtors on an individual basis, taking into consideration payment history, and perceived liquidity. Where it is considered that there is a higher than normal risk the recoverability of these, provision is made against the recoverability of these debts.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 10% on cost

Financial instruments
Classification
The Company believes all financial instruments are Basic Financial Instruments. Therefore, the Company recognizes these in accordance with Section 11 of the Financial Reporting Standard.

Recognition and measurement
The company's debt instruments are measured at amortized cost using the effective interest rate method.

Impairment
Financial instruments are reviewed annually for impairment.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

NIKDAR LTD (REGISTERED NUMBER: SC639005)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 September 2023 60,000 - 18,107 78,107
Additions - 39,900 - 39,900
At 31 August 2024 60,000 39,900 18,107 118,007
DEPRECIATION
At 1 September 2023 - - 7,243 7,243
Charge for year - 7,980 1,811 9,791
At 31 August 2024 - 7,980 9,054 17,034
NET BOOK VALUE
At 31 August 2024 60,000 31,920 9,053 100,973
At 31 August 2023 60,000 - 10,864 70,864

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 900 900
Other debtors 3,389 -
4,289 900

NIKDAR LTD (REGISTERED NUMBER: SC639005)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,000 4,000
Trade creditors 1,522 -
Taxation and social security - 1,659
Other creditors 83,244 42,120
88,766 47,779

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 3,000 7,000

The bank loan is repayable in instalments over 6 years. The loan is guaranteed by government and carries an interest rate of 2.5% p.a.

8. CALLED UP SHARE CAPITAL

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

9. RESERVES
Retained
earnings
£   

At 1 September 2023 18,570
Deficit for the year (6,818 )
At 31 August 2024 11,752

10. RELATED PARTY DISCLOSURES

Included within other creditors is an amount of £54,100 (2023: £34,900) owed to JDNC (Scotland) Ltd, £5,000 (2023:Nil) to CC (Scotland) Ltd, £5,000 (2023:Nil) to JC (Scotland) Ltd, £5,000 (2023:Nil) to DDNC (Scotland) Ltd and £3,000 (2023:Nil) to DJC (Scotland) Ltd a company under common ownership. Loan is unsecured and interest free and repayable on demand.