Company No:
Contents
Note | 2024 | 2023 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
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14,171 | 22,431 | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand |
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93,705 | 86,756 | |||
Creditors: amounts falling due within one year | 5 | (
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Net current assets | 2,705 | 12,660 | ||
Total assets less current liabilities | 16,876 | 35,091 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account |
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Total shareholders' funds |
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Directors' responsibilities:
These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Nisha Katona Limited (registered number:
Z Katona
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Nisha Katona Limited (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 3 Stockport Exchange, Railway Road, Stockport, SK1 3GG, 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 £.
**Rendering of services**
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
* the amount of revenue can be measured reliably;
* it is probable that the Company will receive the consideration due under the contract;
* the stage of completion of the contract at the end of the reporting period can be measured reliably; and
* the costs incurred and the costs to complete the contract can be measured reliably.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Vehicles |
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Fixtures and fittings |
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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.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Vehicles | Fixtures and fittings | Total | |||
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Cost | |||||
At 01 November 2023 |
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At 31 October 2024 |
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Accumulated depreciation | |||||
At 01 November 2023 |
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Charge for the financial year |
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At 31 October 2024 |
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Net book value | |||||
At 31 October 2024 |
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At 31 October 2023 |
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2024 | 2023 | ||
£ | £ | ||
Trade debtors |
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Other debtors |
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2024 | 2023 | ||
£ | £ | ||
Taxation and social security |
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Other creditors |
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Transactions with the entity's directors
During the year the directors were advanced £263,032 (2023: £85,043) by the company and repaid £218,000 (2023: £85,000). Interest of £653 (2023: £165) was charged on the loan in the year.
At the year end the directors owed the company £45,893 (2023: £208). The maximum outstanding in the year was £123,846 (2023: £70,158).
Other related party transactions
During the year, recharge income of £43,140 (2023: £51,375) was received from a company with a common director. At the year end, £29,757 (2023: £29,807) was held in other creditors due to allocate against future income.