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REGISTERED NUMBER: 04709529 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

NEST.CO.UK Limited

NEST.CO.UK Limited (Registered number: 04709529)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


NEST.CO.UK Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr Christian Matthew Hawley



SECRETARY: Ms Debbie Hawley



REGISTERED OFFICE: 4 Ripon Street
Sheffield
South Yorkshire
S9 3LX



REGISTERED NUMBER: 04709529 (England and Wales)



ACCOUNTANTS: Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR



BANKERS: Natwest
PO Box 120
42 High Street
Sheffield
South Yorkshire
S1 2GE

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
NEST.CO.UK Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Director's Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of NEST.CO.UK Limited for the year ended 30 April 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of NEST.CO.UK Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of NEST.CO.UK Limited and state those matters that we have agreed to state to the director of NEST.CO.UK Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NEST.CO.UK Limited and its director for our work or for this report.

It is your duty to ensure that NEST.CO.UK Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of NEST.CO.UK Limited. You consider that NEST.CO.UK Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of NEST.CO.UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR


28 April 2025

NEST.CO.UK Limited (Registered number: 04709529)

Balance Sheet
30 April 2024

30/4/24 30/4/23
Notes £    £   
FIXED ASSETS
Intangible assets 4 38,407 46,689
Tangible assets 5 2,243,800 1,885,546
2,282,207 1,932,235

CURRENT ASSETS
Stocks 507,696 701,290
Debtors 6 187,985 254,665
Cash at bank and in hand 135,227 359,909
830,908 1,315,864
CREDITORS
Amounts falling due within one year 7 (944,742 ) (867,034 )
NET CURRENT (LIABILITIES)/ASSETS (113,834 ) 448,830
TOTAL ASSETS LESS CURRENT LIABILITIES 2,168,373 2,381,065

CREDITORS
Amounts falling due after more than one
year

8

(183,493

)

-

PROVISIONS FOR LIABILITIES - (77,450 )
NET ASSETS 1,984,880 2,303,615

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,984,879 2,303,614
1,984,880 2,303,615

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

NEST.CO.UK Limited (Registered number: 04709529)

Balance Sheet - continued
30 April 2024


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

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 28 April 2025 and were signed by:





Mr Christian Matthew Hawley - Director


NEST.CO.UK Limited (Registered number: 04709529)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

NEST.CO.UK Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The directors have considered the status of the company and assess it appropriate to prepare the accounts on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Buildings and improvements - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Tangible fixed assets are initially measured at cost. Subsequently, they are measured at cost less accumulated depreciation and impairment losses.

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

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the asset of the company after deducting all of its liabilities.


NEST.CO.UK Limited (Registered number: 04709529)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


2. ACCOUNTING POLICIES - continued
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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 37 ) .

NEST.CO.UK Limited (Registered number: 04709529)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023 289,204
Additions 12,075
At 30 April 2024 301,279
AMORTISATION
At 1 May 2023 242,515
Charge for year 20,357
At 30 April 2024 262,872
NET BOOK VALUE
At 30 April 2024 38,407
At 30 April 2023 46,689

5. TANGIBLE FIXED ASSETS
Buildings Fixtures
and Plant and and
improvements machinery fittings
£    £    £   
COST
At 1 May 2023 1,683,529 18,826 348,459
Additions 415,448 - 35,536
Disposals - - (12,094 )
At 30 April 2024 2,098,977 18,826 371,901
DEPRECIATION
At 1 May 2023 88,987 12,193 95,937
Charge for year 36,688 1,753 40,893
Eliminated on disposal - - (2,022 )
At 30 April 2024 125,675 13,946 134,808
NET BOOK VALUE
At 30 April 2024 1,973,302 4,880 237,093
At 30 April 2023 1,594,542 6,633 252,522

NEST.CO.UK Limited (Registered number: 04709529)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 28,739 128,433 2,207,986
Additions - 12,825 463,809
Disposals - - (12,094 )
At 30 April 2024 28,739 141,258 2,659,701
DEPRECIATION
At 1 May 2023 23,623 101,700 322,440
Charge for year 1,279 14,870 95,483
Eliminated on disposal - - (2,022 )
At 30 April 2024 24,902 116,570 415,901
NET BOOK VALUE
At 30 April 2024 3,837 24,688 2,243,800
At 30 April 2023 5,116 26,733 1,885,546

Fixed assets, included in the above, which are held under finance leases are as follows:
Buildings
and
improvements
£   
COST
Reclassification/transfer 58,000
At 30 April 2024 58,000
DEPRECIATION
Charge for year 1,257
At 30 April 2024 1,257
NET BOOK VALUE
At 30 April 2024 56,743

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 44,021 68,132
Other debtors 143,964 186,533
187,985 254,665

NEST.CO.UK Limited (Registered number: 04709529)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans and overdrafts 5,310 -
Finance leases (see note 9) 9,579 -
Trade creditors 685,750 732,745
Taxation and social security 75,747 9,257
Other creditors 168,356 125,032
944,742 867,034

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans 141,773 -
Finance leases (see note 9) 41,387 -
Other creditors 333 -
183,493 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 120,532 -

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases
30/4/24 30/4/23
£    £   
Net obligations repayable:
Within one year 9,579 -
Between one and five years 41,387 -
50,966 -

Non-cancellable operating leases
30/4/24 30/4/23
£    £   
Within one year - 40,017

Operating leases are in relation to the rental of a warehouse and vehicle leases, these both ceased during the year.