Nigel Holmes Limited - Accounts to registrar (filleted) - small 18.2
Nigel Holmes Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST JANUARY 2020 |
| FOR |
| NIGEL HOLMES LIMITED |
| NIGEL HOLMES LIMITED (REGISTERED NUMBER: 01273596) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31ST JANUARY 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| NIGEL HOLMES LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31ST JANUARY 2020 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 327 Clifton Drive South |
| Lytham St Annes |
| Lancashire |
| FY8 1HN |
| NIGEL HOLMES LIMITED (REGISTERED NUMBER: 01273596) |
| BALANCE SHEET |
| 31ST JANUARY 2020 |
| 31/1/20 | 31/1/19 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings | 9 |
| SHAREHOLDERS' FUNDS |
| 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. |
| NIGEL HOLMES LIMITED (REGISTERED NUMBER: 01273596) |
| BALANCE SHEET - continued |
| 31ST JANUARY 2020 |
| 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 |
| NIGEL HOLMES LIMITED (REGISTERED NUMBER: 01273596) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31ST JANUARY 2020 |
| 1. | STATUTORY INFORMATION |
| Nigel Holmes Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents net invoiced sales of goods attributable to the year, excluding value added tax. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| Tangible fixed assets are initially recorded at historic cost and stated in the balance sheet at their net book value, being the amount of capital expenditure less accumulated depreciation. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| 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. |
| 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 |
| NIGEL HOLMES LIMITED (REGISTERED NUMBER: 01273596) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31ST JANUARY 2020 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1st February 2019 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31st January 2020 |
| DEPRECIATION |
| At 1st February 2019 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31st January 2020 |
| NET BOOK VALUE |
| At 31st January 2020 |
| At 31st January 2019 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/1/20 | 31/1/19 |
| £ | £ |
| Trade debtors |
| Prepayments |
| Other debtors | - | 1,000 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/1/20 | 31/1/19 |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 21,384 | 23,594 |
| Other creditors |
| Directors' current accounts | 186,918 | 142,846 |
| Accruals and deferred income |
| 7. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 31/1/20 | 31/1/19 |
| £ | £ |
| Within one year |
| Between one and five years |
| NIGEL HOLMES LIMITED (REGISTERED NUMBER: 01273596) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31ST JANUARY 2020 |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31/1/20 | 31/1/19 |
| value: | £ | £ |
| Ordinary | £1 | 5,003 | 5,003 |
| 9. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1st February 2019 |
| Profit for the year |
| Dividends | ( |
) |
| At 31st January 2020 |
| 10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31st January 2020 and 31st January 2019: |
| 31/1/20 | 31/1/19 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| 11. | ULTIMATE CONTROLLING PARTY |
| The company is controlled by the directors, who own 100% of the issued share capital of the company. |