REGISTERED NUMBER: 13055302 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

AHS NICE WORK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Active House Ltd.

S J Adby

Ms D P Beesley

Ms R E Wood

REGISTERED OFFICE:

Suite 6 141/143 South Road

Haywards Heath

United Kingdom

West Sussex

RH16 4LZ

REGISTERED NUMBER:

13055302 (England and Wales)

ACCOUNTANTS:

Bentleys Accounting Limited

5 Hazelgrove Road

Haywards Heath

West Sussex

RH16 3PH

FIXED ASSETS

Intangible assets

4

140,000

160,000

Tangible assets

5

1,552

434

141,552

160,434

CURRENT ASSETS

Debtors

6

11,170

63,312

Cash at bank

92

14,179

11,262

77,491

CREDITORS

Amounts falling due within one year

7

268,611

277,977

NET CURRENT LIABILITIES

(257,349

)

(200,486

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(115,797

)

(40,052

)

CREDITORS

Amounts falling due after more than one year

8

123,567

155,657

NET LIABILITIES

(239,364

)

(195,709

)

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

(239,374

)

(195,719

)

SHAREHOLDERS' FUNDS

(239,364

)

(195,709

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 March 2025 and were signed on its behalf by:

S J Adby - Director

1.	STATUTORY INFORMATION

AHS NICE WORK LTD 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.

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 2021, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

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.

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.

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 18 (2023 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

200,000

AMORTISATION

At 1 January 2024

40,000

Charge for year

20,000

At 31 December 2024

60,000

NET BOOK VALUE

At 31 December 2024

140,000

At 31 December 2023

160,000

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2024

2,686

Additions

2,324

At 31 December 2024

5,010

DEPRECIATION

At 1 January 2024

2,252

Charge for year

1,206

At 31 December 2024

3,458

NET BOOK VALUE

At 31 December 2024

1,552

At 31 December 2023

434

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

11,170

63,312

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

100,074

124,149

Social security and other taxes

5,327

4,529

VAT

25,361

25,648

Other creditors

11,187

62,656

Directors' current accounts

125,667

60,000

Accrued expenses

995

995

268,611

277,977

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed to participating interests

42,900

50,990

Other creditors

80,667

104,667

123,567

155,657