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Nick Coleman Research Ltd
Filleted accounts
31 July 2024
Company registration number: 06315255
Nick Coleman Research Ltd
Directors and other information
Director N Coleman
Secretary Ms M Davies
Company number 06315255
Registered office 69 Staunton Road
Oxford
Oxfordshire
OX3 7TL
Accountants Cox Hinkins & Co. Limited
Accountants and Taxation Advisors
The Old Dairy
12 Stephen Road
Headington
Oxford
OX3 9AY
Nick Coleman Research Ltd
Balance sheet
31st July 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 952 1,270
_______ _______
952 1,270
Current assets
Debtors 6 1,800 9,191
Cash at bank and in hand 11,053 11,753
_______ _______
12,853 20,944
Creditors: amounts falling due
within one year 7 ( 6,686) ( 9,129)
_______ _______
Net current assets 6,167 11,815
_______ _______
Net assets 7,119 13,085
_______ _______
Capital and reserves
Called up share capital 8 124 124
Profit and loss account 6,995 12,961
_______ _______
Shareholders funds 7,119 13,085
_______ _______
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit & loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 31 January 2025 , and are signed on behalf of the board by:
N Coleman
Director
Company registration number: 06315255
Nick Coleman Research Ltd
Notes to the financial statements
Year ended 31st July 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 69 Staunton Road, Oxford, Oxfordshire, OX3 7TL. There was no significant change in the company's principal activity during the year which continued to be social research.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The principal accounting policies are set out below.The financial statements are prepared in sterling which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred tax is not recognised in respect of any timing differences at the reporting date as all are insignificant. Unrelieved tax losses and other deferred tax assets are not recognised as it is uncertain when they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25% reducing balance basis
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the asset of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1st August 2023 and 31st July 2024 6,603 6,603
_______ _______
Depreciation
At 1st August 2023 5,333 5,333
Charge for the year 318 318
_______ _______
At 31st July 2024 5,651 5,651
_______ _______
Carrying amount
At 31st July 2024 952 952
_______ _______
At 31st July 2023 1,270 1,270
_______ _______
6. Debtors
2024 2023
£ £
Trade debtors 1,800 9,191
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Social security and other taxes 4,794 7,237
Other creditors 1,892 1,892
_______ _______
6,686 9,129
_______ _______
8. Called up share capital
Issued, called up and fully paid
2024 2023
No £ No £
Ordinary A shares of £ 1.00 each 100 100 100 100
Ordinary B shares of £ 1.00 each 24 24 24 24
_______ _______ _______ _______
124 124 124 124
_______ _______ _______ _______