Nicholson Consulting Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08741384 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2019

for

Nicholson Consulting Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Nicholson

Mrs J Nicholson

SECRETARY:

Mrs J Nicholson

REGISTERED OFFICE:

Orchard Lea

Main Road

Hallow

Worcestershire

WR2 6LL

REGISTERED NUMBER:

08741384 (England and Wales)

ACCOUNTANTS:

SW&A Accountants

Unit 7 Ball Mill Top

Main Road

Hallow

Worcester

Worcestershire

FIXED ASSETS

Tangible assets

4

2,124

1,245

CURRENT ASSETS

Debtors

5

61,257

46,907

Cash at bank

231,742

202,940

292,999

249,847

CREDITORS

Amounts falling due within one year

6

48,943

90,436

NET CURRENT ASSETS

244,056

159,411

TOTAL ASSETS LESS CURRENT LIABILITIES

246,180

160,656

PROVISIONS FOR LIABILITIES

403

237

NET ASSETS

245,777

160,419

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

245,677

160,319

245,777

160,419

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 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 1 July 2020 and were signed on its behalf by:

G Nicholson - Director

1.	STATUTORY INFORMATION

Nicholson Consulting Limited 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.

Tangible fixed assets

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

Plant and machinery etc

-

25% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2018

6,230

Additions

3,248

At 31 October 2019

9,478

DEPRECIATION

At 1 November 2018

4,985

Charge for year

2,369

At 31 October 2019

7,354

NET BOOK VALUE

At 31 October 2019

2,124

At 31 October 2018

1,245

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

£

Trade debtors

31,257

16,907

Other debtors

30,000

30,000

61,257

46,907

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

£

Trade creditors

315

320

Taxation and social security

8,734

10,378

Other creditors

39,894

79,738

48,943

90,436