Nicholas Gower Limited - Accounts to registrar (filleted) - small 18.2

Nicholas Gower Limited - Accounts to registrar (filleted) - small 18.2

NICHOLAS GOWER LIMITED - Company Information

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REGISTERED NUMBER: 10055716 (England and Wales)













NICHOLAS GOWER LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2020





Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ








NICHOLAS GOWER LIMITED (REGISTERED NUMBER: 10055716)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2020










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


NICHOLAS GOWER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2020







DIRECTOR: Mr. N L Gower





REGISTERED OFFICE: 29 Angelica Way
Thornhill
Cardiff
CF14 9FJ





REGISTERED NUMBER: 10055716 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ
Page 1
NICHOLAS GOWER LIMITED (REGISTERED NUMBER: 10055716)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2020

2020 2019
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 6,000 7,000

CURRENT ASSETS
Debtors 5 21,395 10,221
Cash at bank 14,715 32,959
36,110 43,180
CREDITORS
Amounts falling due within one year 6 5,009 9,725
NET CURRENT ASSETS 31,101 33,455
TOTAL ASSETS LESS CURRENT LIABILITIES 37,101 40,455

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 37,001 40,355
SHAREHOLDERS' FUNDS 37,101 40,455

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 26th March 2021 and were signed by:




Mr. N L Gower - Director


The notes form part of these financial statements

Page 2
NICHOLAS GOWER LIMITED (REGISTERED NUMBER: 10055716)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2020


1. STATUTORY INFORMATION

Nicholas Gower 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 2017, 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.

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

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

Page 3 continued...
NICHOLAS GOWER LIMITED (REGISTERED NUMBER: 10055716)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2020


4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1st April 2019
and 31st March 2020 10,000
AMORTISATION
At 1st April 2019 3,000
Amortisation for year 1,000
At 31st March 2020 4,000
NET BOOK VALUE
At 31st March 2020 6,000
At 31st March 2019 7,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£ £
Trade debtors - 2,600
Other debtors 21,395 7,621
21,395 10,221

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£ £
Taxation and social security 4,139 8,885
Other creditors 870 840
5,009 9,725

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2020 2019
value: £ £
100 Ordinary £1 100 100

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The advances to the director were repaid in full within 9 months of the year end.

Page 4