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REGISTERED NUMBER: 04493286













NIETOS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025






NIETOS LIMITED (REGISTERED NUMBER: 04493286)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NIETOS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2025







DIRECTORS: L J Beese
Mr J R P Beese





SECRETARY: Mr J R P Beese





REGISTERED OFFICE: 2 Wharton Street
Cardiff
CF10 1AG





REGISTERED NUMBER: 04493286





ACCOUNTANTS: Carston ETL
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

NIETOS LIMITED (REGISTERED NUMBER: 04493286)

BALANCE SHEET
28 FEBRUARY 2025

2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4 4
4 4

CURRENT ASSETS
Stocks 40,226 36,682
Cash at bank 77,989 73,067
118,215 109,749
CREDITORS
Amounts falling due within one year 6 120,882 122,371
NET CURRENT LIABILITIES (2,667 ) (12,622 )
TOTAL ASSETS LESS CURRENT LIABILITIES (2,663 ) (12,618 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (3,663 ) (13,618 )
(2,663 ) (12,618 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2025 and were signed on its behalf by:





Mr J R P Beese - Director


NIETOS LIMITED (REGISTERED NUMBER: 04493286)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025


1. STATUTORY INFORMATION

Nietos Limited is a private company, limited by shares, registered registered in England & 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery - 25% straight line on cost
Fixtures and fittings - 15% on reducing balance

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 March 2024
and 28 February 2025 150,000
AMORTISATION
At 1 March 2024
and 28 February 2025 150,000
NET BOOK VALUE
At 28 February 2025 -
At 29 February 2024 -

NIETOS LIMITED (REGISTERED NUMBER: 04493286)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£ £ £
COST
At 1 March 2024
and 28 February 2025 7,313 10,503 17,816
DEPRECIATION
At 1 March 2024
and 28 February 2025 7,310 10,502 17,812
NET BOOK VALUE
At 28 February 2025 3 1 4
At 29 February 2024 3 1 4

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade creditors 19,423 17,747
Taxation and social security 8,238 4,846
Other creditors 93,221 99,778
120,882 122,371