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Company No: 14867766 (England and Wales)

NILA'S KITCHENS (NORTH WEST) LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL PERIOD FROM 15 MAY 2023 TO 31 MAY 2024
PAGES FOR FILING WITH THE REGISTRAR

NILA'S KITCHENS (NORTH WEST) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 15 MAY 2023 TO 31 MAY 2024

Contents

NILA'S KITCHENS (NORTH WEST) LTD

COMPANY INFORMATION

FOR THE FINANCIAL PERIOD FROM 15 MAY 2023 TO 31 MAY 2024
NILA'S KITCHENS (NORTH WEST) LTD

COMPANY INFORMATION (continued)

FOR THE FINANCIAL PERIOD FROM 15 MAY 2023 TO 31 MAY 2024
DIRECTOR Ms N Oo (Appointed 15 May 2023)
SECRETARY John Andrew Mclaren
REGISTERED OFFICE C/O Pm+M
New Century House Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
United Kingdom
COMPANY NUMBER 14867766 (England and Wales)
CHARTERED ACCOUNTANTS PM+M Solutions for Business LLP
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
BB1 5QB
NILA'S KITCHENS (NORTH WEST) LTD

BALANCE SHEET

AS AT 31 MAY 2024
NILA'S KITCHENS (NORTH WEST) LTD

BALANCE SHEET (continued)

AS AT 31 MAY 2024
Note 31.05.2024 14.05.2023
£ £
Fixed assets
Tangible assets 4 27,488 0
27,488 0
Current assets
Debtors 5 16,649 0
Cash at bank and in hand 1,552 0
18,201 0
Creditors: amounts falling due within one year 6 ( 41,669) 0
Net current liabilities (23,468) 0
Total assets less current liabilities 4,020 0
Provision for liabilities 7, 8 ( 980) 0
Net assets 3,040 0
Capital and reserves
Called-up share capital 100 0
Profit and loss account 2,940 0
Total shareholders' funds 3,040 0

For the financial period ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of NILA'S KITCHENS (NORTH WEST) LTD (registered number: 14867766) were approved and authorised for issue by the Director on 27 March 2025. They were signed on its behalf by:

Ms N Oo
Director
NILA'S KITCHENS (NORTH WEST) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 15 MAY 2023 TO 31 MAY 2024
NILA'S KITCHENS (NORTH WEST) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 15 MAY 2023 TO 31 MAY 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

NILA'S KITCHENS (NORTH WEST) LTD (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Pm+M, New Century House Greenbank Technology Park, Challenge Way, Blackburn, Lancashire, BB1 5QB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 5 years straight line
25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the director is required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the director has made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

Period from
15.05.2023 to
31.05.2024
Period from
01.06.2022 to
14.05.2023
Number Number
Monthly average number of persons employed by the Company during the period, including the director 1 1

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 15 May 2023 0 0
Additions 33,138 33,138
At 31 May 2024 33,138 33,138
Accumulated depreciation
At 15 May 2023 0 0
Charge for the financial period 5,650 5,650
At 31 May 2024 5,650 5,650
Net book value
At 31 May 2024 27,488 27,488
At 14 May 2023 0 0

5. Debtors

31.05.2024 14.05.2023
£ £
Trade debtors 4,660 0
Other debtors 11,989 0
16,649 0

6. Creditors: amounts falling due within one year

31.05.2024 14.05.2023
£ £
Trade creditors 768 0
Other creditors 40,901 0
41,669 0

7. Provision for liabilities

31.05.2024 14.05.2023
£ £
Deferred tax 980 0

8. Deferred tax

31.05.2024 14.05.2023
£ £
At the beginning of financial period/year 0 0
Charged to the Statement of Income and Retained Earnings ( 980) 0
At the end of financial period/year ( 980) 0