Nielsens Accountants Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09423142 (England and Wales)

Financial Statements for the Year Ended 31 March 2020

for

Nielsens Accountants Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S P Dubb FCA (Hons) FCA

Mr D U Shah FCA

Mr M R Mandalia BSc (Hons) FCA

SECRETARY:

REGISTERED OFFICE:

The Gatehouse

453 Cranbrook Road

Ilford

Essex

IG2 6EW

REGISTERED NUMBER:

09423142 (England and Wales)

ACCOUNTANTS:

Nielsens

Chartered Accountants

The Gatehouse

453 Cranbrook Road

Ilford

Essex

IG2 6EW

FIXED ASSETS

Intangible assets

4

16,500

19,800

Tangible assets

5

3,991

4,696

20,491

24,496

CURRENT ASSETS

Stocks

20,250

15,500

Debtors

284,276

208,257

Cash at bank and in hand

45,606

43,866

350,132

267,623

CREDITORS

Amounts falling due within one year

220,627

158,028

NET CURRENT ASSETS

129,505

109,595

TOTAL ASSETS LESS CURRENT LIABILITIES

149,996

134,091

CAPITAL AND RESERVES

Called up share capital

750

750

Retained earnings

149,246

133,341

SHAREHOLDERS' FUNDS

149,996

134,091

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2020 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 December 2020 and were signed on its behalf by:

Mr S P Dubb FCA (Hons) FCA - Director

Mr M R Mandalia BSc (Hons) FCA - Director

Mr D U Shah FCA - Director

1.	STATUTORY INFORMATION

Nielsens Accountants 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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

-

15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2019 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2019

and 31 March 2020

33,000

AMORTISATION

At 1 April 2019

13,200

Amortisation for year

3,300

At 31 March 2020

16,500

NET BOOK VALUE

At 31 March 2020

16,500

At 31 March 2019

19,800

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2019

and 31 March 2020

9,000

DEPRECIATION

At 1 April 2019

4,304

Charge for year

705

At 31 March 2020

5,009

NET BOOK VALUE

At 31 March 2020

3,991

At 31 March 2019

4,696

6.	RELATED PARTY DISCLOSURES

During the year, total dividends of £64,500 (2019 - £65,000) were paid to the directors .

7.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.