Registered number
10798171
Nimbal Capital Limited
Filleted Accounts
30 June 2024
Nimbal Capital Limited
Registered number: 10798171
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 440 518
Current assets
Stocks 501,443 318,101
Debtors 4 129,968 288,133
Cash at bank and in hand - 100
631,411 606,334
Creditors: amounts falling due within one year 5 (612,067) (602,894)
Net current assets 19,344 3,440
Net assets 19,784 3,958
Capital and reserves
Called up share capital 100 100
Profit and loss account 19,684 3,858
Shareholders' funds 19,784 3,958
The director is 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 director acknowledges his 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.
Mr R Bal
Director
Approved by the board on 21 March 2025
Nimbal Capital Limited
Notes to the Accounts
for the year ended 30 June 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. Turnover comprises of revenue earned from the sale of stocks and shares on listed stock exchange.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Stocks unsold stocks and shares
The stocks and shares that remain unsold are measured at the lower of cost and market value as at the date of the balance sheet.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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 and past periods. No provision for deferred tax is made.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 1,230
At 30 June 2024 1,230
Depreciation
At 1 July 2023 712
Charge for the year 78
At 30 June 2024 790
Net book value
At 30 June 2024 440
At 30 June 2023 518
4 Debtors 2024 2023
£ £
Amount held by the stock brokers 129,968 288,133
5 Creditors: amounts falling due within one year 2024 2023
£ £
Creditors and accruals 4,482 3,570
Corporation tax 3,900 -
Other creditors 603,685 599,324
612,067 602,894
6 Other information
Nimbal Capital Limited is a private company limited by shares and incorporated in England. Its registered office is:
Outer Ground Floor Office
Paxton Terrace - no. 8
Grosvenor Road
London
London
SW1V 3DA
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