The Nu Agency Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06744239 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021

FOR

THE NU AGENCY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr B Clemitshaw

Mr A P Williams

REGISTERED OFFICE:

5 Westbrook Court

Sharowvale Road

Sheffield

South Yorkshire

S11 8YZ

REGISTERED NUMBER:

06744239 (England and Wales)

ACCOUNTANTS:

Sutton McGrath Hartley Limited

5 Westbrook Court

Sharrowvale Road

Sheffield

S11 8YZ

FIXED ASSETS

Tangible assets

4

3,376

2,715

CURRENT ASSETS

Debtors

5

53,390

37,002

Cash at bank

64,242

130,201

117,632

167,203

CREDITORS

Amounts falling due within one year

6

(57,048

)

(80,608

)

NET CURRENT ASSETS

60,584

86,595

TOTAL ASSETS LESS CURRENT LIABILITIES

63,960

89,310

CREDITORS

Amounts falling due after more than one year

7

(44,800

)

(47,917

)

PROVISIONS FOR LIABILITIES

(641

)

-

NET ASSETS

18,519

41,393

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

18,417

41,291

18,519

41,393

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 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 5 August 2022 and were signed on its behalf by:

Mr A P Williams - Director

Mr B Clemitshaw - Director

1.	STATUTORY INFORMATION

The Nu Agency 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 reducing balance and 20% on reducing balance

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 4 (2020 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2020

6,598

Additions

1,708

Disposals

(2,526

)

At 30 November 2021

5,780

DEPRECIATION

At 1 December 2020

3,883

Charge for year

818

Eliminated on disposal

(2,297

)

At 30 November 2021

2,404

NET BOOK VALUE

At 30 November 2021

3,376

At 30 November 2020

2,715

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

52,890

35,535

Other debtors

500

1,467

53,390

37,002

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

5,199

2,083

Trade creditors

4,882

4,830

Taxation and social security

39,577

68,435

Other creditors

7,390

5,260

57,048

80,608

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

44,800

47,917

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

21,199

27,917