Nightingale Business Management Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05097497 (England and Wales)

NIGHTINGALE BUSINESS MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M A Hardwick

S Grayson

REGISTERED OFFICE:

The Turbine

Coach Close

Worksop

Nottinghamshire

S81 8AP

REGISTERED NUMBER:

05097497 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

2,067

Tangible assets

5

9,678

7,625

9,678

9,692

CURRENT ASSETS

Stocks

55,772

-

Debtors

6

36,576

51,825

Cash at bank and in hand

4,148

71,213

96,496

123,038

CREDITORS

Amounts falling due within one year

7

56,775

78,017

NET CURRENT ASSETS

39,721

45,021

TOTAL ASSETS LESS CURRENT LIABILITIES

49,399

54,713

CREDITORS

Amounts falling due after more than one year

8

25,593

40,833

NET ASSETS

23,806

13,880

CAPITAL AND RESERVES

Called up share capital

1,332

1,332

Retained earnings

22,474

12,548

SHAREHOLDERS' FUNDS

23,806

13,880

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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 9 November 2022 and were signed on its behalf by:

M A Hardwick - Director

1.	STATUTORY INFORMATION

Nightingale Business Management 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Computer software is being amortised evenly over its estimated useful life of three years.

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

-

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 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.

Government grants

Government grants are accounted for on an accruals basis for grants receivable in respect of the following due to COVID19 restrictions:

Bounceback loan interest

£103

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 May 2021

and 30 April 2022

6,200

AMORTISATION

At 1 May 2021

4,133

Charge for year

2,067

At 30 April 2022

6,200

NET BOOK VALUE

At 30 April 2022

-

At 30 April 2021

2,067

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST OR VALUATION

At 1 May 2021

10,810

Additions

3,237

At 30 April 2022

14,047

DEPRECIATION

At 1 May 2021

3,185

Charge for year

1,184

At 30 April 2022

4,369

NET BOOK VALUE

At 30 April 2022

9,678

At 30 April 2021

7,625

Cost or valuation at 30 April 2022 is represented by:

Plant and

machinery

etc

£

Cost

14,047

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

36,368

25,787

Other debtors

208

26,038

36,576

51,825

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

12,734

9,167

Trade creditors

469

180

Taxation and social security

41,245

60,862

Other creditors

2,327

7,808

56,775

78,017

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

25,593

40,833

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company paid dividends of £58,117 (2021 : £82,000) to Mr M A Hardwick and £58,117 (2021 : £82,000) to Mr S Grayson.

At the year end the directors owed the company, Mr M A Hardwick £Nil (2021 : £7,500) and Mr S Grayson £Nil (2021 : £7,500). There are no fixed repayment terms and no interest is payable on the loan.