Nicola Hulbert Interior Design Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 01282143

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		496		628

			496		628
CURRENT ASSETS
Debtors	5	483		50,237
Cash at bank and in hand		62,905		40,966

		63,388		91,203
Creditors: Amounts Falling Due Within One Year	6	(26,864 )		(70,351 )

NET CURRENT ASSETS (LIABILITIES)			36,524		20,852

TOTAL ASSETS LESS CURRENT LIABILITIES			37,020		21,480

NET ASSETS			37,020		21,480

CAPITAL AND RESERVES
Called up share capital			100		100
Profit and Loss Account			36,920		21,380

SHAREHOLDERS' FUNDS			37,020		21,480

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

N C Kaye

Director

04/09/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Nicola Hulbert Interior Design Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01282143 . The registered office is 28 Crieff Road, London, SW18 2EA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

20% straight line

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax is recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current is recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2024	661

As at 31 December 2024	661

...CONTINUED

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Nicola Hulbert Interior Design Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Depreciation
As at 1 January 2024	33
Provided during the period	132

As at 31 December 2024	165

Net Book Value
As at 31 December 2024	496

As at 1 January 2024	628

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	-	1,978
Other debtors	483	48,259

	483	50,237

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	4,920	64,161
Other creditors	6,741	3,630
Taxation and social security	15,203	2,560

	26,864	70,351

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