IRIS Accounts Production v25.1.0.734 08476561 director 1.8.23 31.7.24 31.7.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh084765612023-07-31084765612024-07-31084765612023-08-012024-07-31084765612022-07-31084765612022-08-012023-07-31084765612023-07-3108476561ns15:EnglandWales2023-08-012024-07-3108476561ns14:PoundSterling2023-08-012024-07-3108476561ns10:Director12023-08-012024-07-3108476561ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3108476561ns10:SmallEntities2023-08-012024-07-3108476561ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3108476561ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3108476561ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3108476561ns10:AbridgedAccounts2023-08-012024-07-3108476561ns10:OrdinaryShareClass12023-08-012024-07-3108476561ns10:RegisteredOffice2023-08-012024-07-3108476561ns5:CurrentFinancialInstruments2024-07-3108476561ns5:CurrentFinancialInstruments2023-07-3108476561ns5:Non-currentFinancialInstruments2024-07-3108476561ns5:Non-currentFinancialInstruments2023-07-3108476561ns5:ShareCapital2024-07-3108476561ns5:ShareCapital2023-07-3108476561ns5:RetainedEarningsAccumulatedLosses2024-07-3108476561ns5:RetainedEarningsAccumulatedLosses2023-07-3108476561ns5:LeaseholdImprovements2023-08-012024-07-3108476561ns5:PlantMachinery2023-08-012024-07-3108476561ns5:MotorVehicles2023-08-012024-07-3108476561ns10:OrdinaryShareClass12024-07-3108476561ns5:RetainedEarningsAccumulatedLosses2023-07-3108476561ns5:RetainedEarningsAccumulatedLosses2023-08-012024-07-31
REGISTERED NUMBER: 08476561 (England and Wales)















NESTBASE LTD

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






NESTBASE LTD (REGISTERED NUMBER: 08476561)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


NESTBASE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: Mrs S Gross





REGISTERED OFFICE: 115 Craven Park Road
South Tottenham
London
N15 6BL





REGISTERED NUMBER: 08476561 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

NESTBASE LTD (REGISTERED NUMBER: 08476561)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 JULY 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 73,164 91,191

CURRENT ASSETS
Stocks 52,400 74,200
Debtors 40,118 35,420
Cash at bank and in hand 117,277 94,740
209,795 204,360
CREDITORS
Amounts falling due within one year (179,642 ) (180,825 )
NET CURRENT ASSETS 30,153 23,535
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,317

114,726

CREDITORS
Amounts falling due after more than one year (18,114 ) (22,195 )
NET ASSETS 85,203 92,531

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 6 85,103 92,431
SHAREHOLDERS' FUNDS 85,203 92,531

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

NESTBASE LTD (REGISTERED NUMBER: 08476561)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 JULY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 17 December 2024 and were signed by:





Mrs S Gross - Director


NESTBASE LTD (REGISTERED NUMBER: 08476561)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Nestbase Ltd is a private company, limited by shares , registered in England and Wales. 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.

Turnover
Turnover 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.
Improvements to property - 10% on reducing balance
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

NESTBASE LTD (REGISTERED NUMBER: 08476561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023
and 31 July 2024 221,490
DEPRECIATION
At 1 August 2023 130,299
Charge for year 18,027
At 31 July 2024 148,326
NET BOOK VALUE
At 31 July 2024 73,164
At 31 July 2023 91,191

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100

6. RESERVES
Retained
earnings
£   

At 1 August 2023 92,431
Profit for the year 40,672
Dividends (48,000 )
At 31 July 2024 85,103