Company Registration No. 07604897 (England and Wales)
NIK STEWART LIMITED
Unaudited accounts
for the year ended 31 March 2025
NIK STEWART LIMITED
Unaudited accounts
Contents
NIK STEWART LIMITED
Company Information
for the year ended 31 March 2025
Company Number
07604897 (England and Wales)
Registered Office
48 BEECHCROFT ROAD
BUSHEY
HERTS
WD23 2JU
Accountants
Fielding Accountancy Services Ltd
48 Beechcroft Road
Bushey
Herts
WD23 2JU
NIK STEWART LIMITED
Statement of financial position
as at 31 March 2025
Tangible assets
1,735
2,159
Cash at bank and in hand
2,569
20,000
Creditors: amounts falling due within one year
(6,985)
(15,180)
Net current (liabilities)/assets
(4,416)
7,850
Total assets less current liabilities
(2,681)
10,009
Provisions for liabilities
Net (liabilities)/assets
(3,171)
9,599
Called up share capital
100
100
Profit and loss account
(3,271)
9,499
Shareholders' funds
(3,171)
9,599
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 April 2025 and were signed on its behalf by
Mr Nik Stewart
Director
Company Registration No. 07604897
NIK STEWART LIMITED
Notes to the Accounts
for the year ended 31 March 2025
NIK STEWART LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07604897. The registered office is 48 BEECHCROFT ROAD, BUSHEY, HERTS, WD23 2JU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents net invoiced fees and services to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% reducing balance
Computer equipment
15% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
These financial statements have been prepared on a going concern basis.
NIK STEWART LIMITED
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
630
7,068
7,698
At 31 March 2025
630
7,068
7,698
At 1 April 2024
550
4,989
5,539
Charge for the year
8
416
424
At 31 March 2025
558
5,405
5,963
At 31 March 2025
72
1,663
1,735
At 31 March 2024
80
2,079
2,159
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
(334)
4,734
Other creditors
1,133
1,417
Loans from directors
6,186
9,029
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
The company was under the control of Mr N Stewart throughout the current and previous year. He is the sole director and shareholder.
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).