Registered number
08170543
Nick Clements Consulting Limited
Filleted Accounts
31 August 2024
Nick Clements Consulting Limited
Registered number: 08170543
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 300 128
Current assets
Debtors 4 1,844 6,221
Cash at bank and in hand 5,943 20,139
7,787 26,360
Creditors: amounts falling due within one year 5 (20,300) (25,044)
Net current (liabilities)/assets (12,513) 1,316
Net (liabilities)/assets (12,213) 1,444
Capital and reserves
Called up share capital 100 100
Profit and loss account (12,313) 1,344
Shareholders' funds (12,213) 1,444
The directors are 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 directors acknowledge their 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.
N A Clements
Director
Approved by the board on 5 May 2025
Nick Clements Consulting Limited
Notes to the Accounts
for the year ended 31 August 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.
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 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 964
Additions 400
Disposals (964)
At 31 August 2024 400
Depreciation
At 1 September 2023 836
Charge for the year 100
On disposals (836)
At 31 August 2024 100
Net book value
At 31 August 2024 300
At 31 August 2023 128
4 Debtors 2024 2023
£ £
Trade debtors 1,500 6,000
Other debtors 344 221
1,844 6,221
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 40 137
Other creditors 20,260 24,907
20,300 25,044
6 Other information
Nick Clements Consulting Limited is a private company limited by shares and incorporated in England. Its registered office is:
Pennyweights
Kenley
CR8 5HB
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