Nack Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10884592

Nack Limited

Filleted Unaudited Financial Statements

31 July 2025

Nack Limited

Financial Statements

Year Ended 31 July 2025

Contents	Page

Statement of Financial Position	1

Notes to the Financial Statements	3

Nack Limited

Statement of Financial Position

31 July 2025

	2025		2024
Note	£	£	£

Fixed Assets

Intangible assets	5	1,095	1,339
Tangible assets	6	422	844
		-------	-------
		1,517	2,183

Current Assets

Debtors	7	341,441	211,234
Cash at bank and in hand		73,234	103,433
		---------	---------
		414,675	314,667

Creditors: amounts falling due within one year	8	771,378		763,842
		---------		---------
Net Current Liabilities			356,703	449,175
			---------	---------
Total Assets Less Current Liabilities			( 355,186)	( 446,992)

Creditors: amounts falling due after more than one year	9	7,220	14,008
		---------	---------
Net Liabilities		( 362,406)	( 461,000)
		---------	---------

Capital and Reserves

Called up share capital	1	1
Profit and loss account	( 362,407)	( 461,001)
	---------	---------
Shareholders Deficit	( 362,406)	( 461,000)
	---------	---------

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 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Nack Limited

Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

Mr M Gabbie
Director

Company registration number: 10884592

Nack Limited

Notes to the Financial Statements

Year Ended 31 July 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 320 London Road, Hazel Grove, Stockport, SK7 4RF.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue Recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Foreign Currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Intangible Assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Website and Brand Development	-	15% reducing balance

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

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:

	Computer Equipment	-	33% straight line

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.

4. Employee Numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 1 ).

5. Intangible Assets

	Development costs
	£
Cost
At 1 August 2024 and 31 July 2025	1,913
	-------
Amortisation
At 1 August 2024	574
Charge for the year	244
	-------
At 31 July 2025	818
	-------
Carrying amount
At 31 July 2025	1,095
	-------
At 31 July 2024	1,339
	-------

6. Tangible Assets

	Equipment	Total
	£	£
Cost
At 1 August 2024 and 31 July 2025	1,260	1,260
	-------	-------
Depreciation
At 1 August 2024	416	416
Charge for the year	422	422
	-------	-------
At 31 July 2025	838	838
	-------	-------
Carrying amount
At 31 July 2025	422	422
	-------	-------
At 31 July 2024	844	844
	-------	-------

7. Debtors

	2025	2024
	£	£
Trade debtors	252,601	153,042
Other debtors	88,840	58,192
	---------	---------
	341,441	211,234
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	47	27,359
Trade creditors	249,783	120,370
Social security and other taxes	20,630	30,498
Other creditors	500,918	585,615
	---------	---------
	771,378	763,842
	---------	---------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	7,220	14,008
	-------	--------

10. Director's Advances, Credits and Guarantees

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr M Gabbie	( 255,036)	37,836	( 217,200)
	---------	--------	---------

	2024
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr M Gabbie	( 275,571)	20,535	( 255,036)
	---------	--------	---------

11. Related Party Transactions

Other creditors relates to the below transactions. These amounts are non-interest bearing and repayable on demand. At 31st July 2025 the company owed RAG Investments (Company number 08157174) £ 32,311.33 (2024: £ 32,311.33 ). A family member owns 100% of the shares of RAG Investments Limited The Company owed £ 116,126.77 to a family member (2024: £ 131,049.86 ). Included in Other Debtors is £4,050 (2024: £3,050) owed from Davrom Holdings Limited (Company number 06736696) a company with common significant control.