Company Registration No. 7862877 (England and Wales)
Nikola Komitov Ltd
Unaudited accounts
for the year ended 31 March 2026
Nikola Komitov Ltd
Unaudited accounts
Contents
Nikola Komitov Ltd
Company Information
for the year ended 31 March 2026
Director
Mr Nikola Komitov
Company Number
7862877 (England and Wales)
Registered Office
6 Strand View Close
Gillingham
Kent
ME7 1GW
England
Accountants
Prody Books Ltd
The Old Library
St Faith's Street
Maidstone
Kent
ME14 1LH
Nikola Komitov Ltd
Statement of financial position
as at 31 March 2026
Tangible assets
2,065
2,753
Cash at bank and in hand
43,319
42,727
Creditors: amounts falling due within one year
(5,390)
(10,947)
Net current assets
42,428
36,516
Total assets less current liabilities
44,493
39,269
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
44,001
38,646
Shareholders' funds
44,101
38,746
For the year ending 31 March 2026 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 7 September 2026 and were signed on its behalf by
Mr Nikola Komitov
Director
Company Registration No. 7862877
Nikola Komitov Ltd
Notes to the Accounts
for the year ended 31 March 2026
Nikola Komitov Ltd is a private company, limited by shares, registered in England and Wales, registration number 7862877. The registered office is 6 Strand View Close, Gillingham, Kent, ME7 1GW, England.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Motor vehicles
25% reducing balance
Computer equipment
25% 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.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Nikola Komitov Ltd
Notes to the Accounts
for the year ended 31 March 2026
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2025
18,385
142
18,527
At 31 March 2026
18,385
142
18,527
At 1 April 2025
15,697
77
15,774
Charge for the year
672
16
688
At 31 March 2026
16,369
93
16,462
At 31 March 2026
2,016
49
2,065
At 31 March 2025
2,688
65
2,753
Amounts falling due within one year
Accrued income and prepayments
389
260
6
Creditors: amounts falling due within one year
2026
2025
Taxes and social security
2,322
1,568
Loans from directors
2
8,121
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
Dividends totalling £2,640 ( 2025 - £ 500 ) were paid in the year in respect of shares held by the company's director.
9
Average number of employees
During the year the average number of employees was 1 (2025: 1).