Nutmeg (Long Melford) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 6331854

Nutmeg (Long Melford) Limited

Filleted Unaudited Financial Statements

For the Year Ended

31 January 2025

Nutmeg (Long Melford) Limited

Statement of Financial Position

31 January 2025

	2025		2024
Note	£	£	£

Fixed Assets

Tangible assets	5		1,613	2,017

Current Assets

Stocks		29,200	34,350
Debtors	6	289	–
Cash at bank and in hand		284	2,013
		---------	---------
		29,773	36,363

Creditors: amounts falling due within one year	7	26,229		19,092
		---------		---------
Net Current Assets			3,544	17,271
			-------	---------
Total Assets Less Current Liabilities			5,157	19,288
			-------	---------
Net Assets			5,157	19,288
			-------	---------

Nutmeg (Long Melford) Limited

Statement of Financial Position (continued)

31 January 2025

	2025		2024
Note	£	£	£

Capital and Reserves

Called up share capital	2	2
Profit and loss account	5,155	19,286
	-------	---------
Shareholders Funds	5,157	19,288
	-------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31st January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 5 September 2025 , and are signed on behalf of the board by:

Mrs J Swan

Director

Company registration number: 6331854

Nutmeg (Long Melford) Limited

Notes to the Financial Statements

Year Ended 31st January 2025

1. General Information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Brambles, Twinsted Road, Pebmarsh, Halstead, Essex, CO9 2PA.

2. Statement of Compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis.

Revenue Recognition

The turnover shown in the profit and loss account represents sales in the shop during the year, exclusive of Value Added Tax.

Income Tax

Deferred taxation is provided using the liability method on all timing differences, including those relating to pensions, which are expected to reverse in the future without being replaced, calculated at the rate at which it is anticipated the timing differences will reverse.

Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures & fittings	-	20% reducing balance

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial Instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Employee Numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. Tangible Assets

	Fixtures and fittings	Total
	£	£
Cost
At 1st February 2024 and 31st January 2025	11,378	11,378
	---------	---------
Depreciation
At 1st February 2024	9,361	9,361
Charge for the year	404	404
	---------	---------
At 31st January 2025	9,765	9,765
	---------	---------
Carrying amount
At 31st January 2025	1,613	1,613
	---------	---------
At 31st January 2024	2,017	2,017
	---------	---------

6. Debtors

	2025	2024
	£	£
Other debtors	289	–
	----	----

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	3,916	2,700
Corporation tax	–	1,425
Social security and other taxes	9,793	6,195
Other creditors	12,520	8,772
	---------	---------
	26,229	19,092
	---------	---------