Registered number
04334669
Nicholas Weeks Limited
Filleted Accounts
31 December 2024
Nicholas Weeks Limited
Registered number: 04334669
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 8,868 10,226
Current assets
Debtors 5 92 -
Cash at bank and in hand 39,299 34,022
39,391 34,022
Creditors: amounts falling due within one year 6 (30,493) (19,534)
Net current assets 8,898 14,488
Total assets less current liabilities 17,766 24,714
Provisions for liabilities (1,685) (1,943)
Net assets 16,081 22,771
Capital and reserves
Called up share capital 1 1
Profit and loss account 16,080 22,770
Shareholders' funds 16,081 22,771
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Nicholas Michael Weeks
Director
Approved by the board on 15 May 2025
Nicholas Weeks Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% Reducing balance
Motor vehicles 25% Reducing balance
Office equipment 3 Years Straight line
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 7,500
At 31 December 2024 7,500
Amortisation
At 1 January 2024 7,500
At 31 December 2024 7,500
Net book value
At 31 December 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Office equipment Total
£ £ £ £
Cost
At 1 January 2024 8,851 32,775 4,021 45,647
Additions 1,269 - - 1,269
At 31 December 2024 10,120 32,775 4,021 46,916
Depreciation
At 1 January 2024 6,143 25,500 3,778 35,421
Charge for the year 565 1,819 243 2,627
At 31 December 2024 6,708 27,319 4,021 38,048
Net book value
At 31 December 2024 3,412 5,456 - 8,868
At 31 December 2023 2,708 7,275 243 10,226
5 Debtors 2024 2023
£ £
Other debtors 92 -
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 2,207 2,594
Other creditors 28,286 16,940
30,493 19,534
7 Other information
Nicholas Weeks Limited is a private company limited by shares and incorporated in England. Its registered office is:
5B Sunrise Business Park
Higher Shaftesbury Road
Blandford Forum
Dorset
DT11 8ST
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