Nashi Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04466885 (England and Wales)

Nashi Limited

Unaudited Financial Statements for the Year Ended 30 November 2021

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

2,825

5,650

Tangible assets

5

25,857

32,005

Investments

6

49,638

-

78,320

37,655

CURRENT ASSETS

Stocks

68,699

81,278

Debtors

7

67,670

122,456

Cash at bank and in hand

186,947

124,456

323,316

328,190

CREDITORS

Amounts falling due within one year

8

82,965

58,795

NET CURRENT ASSETS

240,351

269,395

TOTAL ASSETS LESS CURRENT LIABILITIES

318,671

307,050

PROVISIONS FOR LIABILITIES

4,847

5,871

NET ASSETS

313,824

301,179

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

313,822

301,177

313,824

301,179

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 7 July 2022 and were signed by:

Mrs P H Chohan - Director

1.	STATUTORY INFORMATION

Nashi Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04466885

Registered office:

51 Harford Drive

Cassiobury

Watford

Hertfordshire

WD17 3DQ

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 2002, is being amortised evenly over its estimated useful life of twenty 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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 13 (2020 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2020

and 30 November 2021

56,500

AMORTISATION

At 1 December 2020

50,850

Charge for year

2,825

At 30 November 2021

53,675

NET BOOK VALUE

At 30 November 2021

2,825

At 30 November 2020

5,650

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 December 2020

13,280

159,311

172,591

Additions

-

999

999

At 30 November 2021

13,280

160,310

173,590

DEPRECIATION

At 1 December 2020

12,596

127,990

140,586

Charge for year

683

6,464

7,147

At 30 November 2021

13,279

134,454

147,733

NET BOOK VALUE

At 30 November 2021

1

25,856

25,857

At 30 November 2020

684

31,321

32,005

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

49,638

At 30 November 2021

49,638

NET BOOK VALUE

At 30 November 2021

49,638

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.21

30.11.20

£

£

Other debtors

67,670

122,456

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.21

30.11.20

£

£

Bank loans and overdrafts

49,991

-

Taxation and social security

13,852

20,207

Other creditors

19,122

38,588

82,965

58,795

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2021 and 30 November 2020:

30.11.21

30.11.20

£

£

Mrs P H Chohan

Balance outstanding at start of year

5,498

36,478

Amounts advanced

42,894

5,998

Amounts repaid

(47,687

)

(36,978

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

705

5,498