Nicholas Curram Limited,Ltd - AccountsLtd - Accounts

Nicholas Curram Limited,Ltd - AccountsLtd - Accounts


2020-02-01 04125739 2021-01-31 04125739 2020-02-01 2021-01-31 04125739 2020-01-31 04125739 2019-02-01 2020-01-31 04125739 uk-core:WithinOneYear 2020-01-31 04125739 uk-core:WithinOneYear 2021-01-31 04125739 uk-core:ShareCapital 2021-01-31 04125739 uk-core:ShareCapital 2020-01-31 04125739 uk-core:RetainedEarningsAccumulatedLosses 2021-01-31 04125739 uk-core:RetainedEarningsAccumulatedLosses 2020-01-31 04125739 uk-bus:Director1 2020-02-01 2021-01-31 04125739 uk-core:ToolsEquipment 2020-02-01 2021-01-31 04125739 uk-core:WithinOneYear 2021-01-31 04125739 uk-core:WithinOneYear 2020-01-31 iso4217:GBP xbrli:pure 04125739 uk-bus:AuditExempt-NoAccountantsReport 2020-02-01 2021-01-31 04125739 uk-bus:FRS102 2020-02-01 2021-01-31 04125739 uk-bus:FullAccounts 2020-02-01 2021-01-31 04125739 uk-bus:PrivateLimitedCompanyLtd 2020-02-01 2021-01-31
Nicholas Curram Limited
Registered Number:04125739
For the year ended 31 January 2021
England and Wales
Unaudited Financial Statements
2
For the year ended 31 January 2021
Nicholas Curram Limited
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
3
Registered Number :
04125739
As at 31 January 2021
Nicholas Curram Limited
Statement of Financial Position
£
£
2020
2021
Notes
Fixed assets
Property, plant and equipment
6,956
6,410
2
6,956
6,410
Current assets
Inventories
62,000
65,930
Trade and other receivables
56,820
54,690
3
1,367
Cash and cash equivalents
8,612
129,232
120,187
Trade and other payables: amounts falling due within one year
(99,395)
(105,119)
4
20,792
24,113
Net current assets
Total assets less current liabilities
31,069
27,202
(1,322)
(1,218)
Provisions for liabilities
29,747
Net assets
25,984
Capital and reserves
Called up share capital
100
100
Retained earnings
29,647
25,884
29,747
25,984
Shareholders' funds
For the year ended 31 January 2021 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2021 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Nicholas Curram Director
These financial statements were approved and authorised for issue by the Board on 01 March 2021 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 January 2021
Nicholas Curram Limited
Notes to the Financial Statements
Statutory Information
Nicholas Curram Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 04125739.
Registered address:
Windyridge
Amberley
Stroud
Gloucestershire
GL5 5AA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act
2006. The financial statements have been prepared under the historical costs convention as modified by the revaluation
of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20% Reducing balance
Office equipment
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Amounts Recoverable under Contracts
Amounts recoverable under contracts are included at billable value.
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5
For the year ended 31 January 2021
Nicholas Curram Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Office
equipment
£
Cost or valuation
At 01 February 2020
35,415
2,285
Additions
At 31 January 2021
37,700
Provision for depreciation and impairment
At 01 February 2020
29,005
Charge for year
1,739
At 31 January 2021
30,744
At 31 January 2021
Net book value
6,956
At 31 January 2020
6,410
3. Trade and other receivables
2020
2021
£
£
Trade debtors
50,942
53,899
Other debtors
3,748
2,921
56,820
54,690
4. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Bank loans and overdraft
28,640
29,619
Trade creditors
3,561
891
Taxation and social security
69,129
64,381
Other creditors
3,789
4,504
105,119
99,395
5. Average number of persons employed
During the year the average number of employees was 5 (2020 : 5)
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