Nick Alford Consultancy Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10760121 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021

FOR

Nick Alford Consultancy Ltd

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

Directors:

N Alford

Mrs F Alford

Registered office:

c/o N Alford

Horswell House

South Milton

Devon

TQ7 3JU

Registered number:

10760121 (England and Wales)

Accountants:

Nigel Webster & Co

129 North Hill

Plymouth

Devon

PL4 8JY

Fixed assets

Tangible assets

4

-

-

Investments

5

84

84

84

84

Current assets

Debtors

6

973,257

945,256

Cash at bank

201,805

108,444

1,175,062

1,053,700

Creditors

Amounts falling due within one year

7

1,038,707

949,617

Net current assets

136,355

104,083

Total assets less current liabilities

136,439

104,167

Capital and reserves

Called up share capital

8

100

100

Retained earnings

136,339

104,067

Shareholders' funds

136,439

104,167

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 January 2022 and were signed on its behalf by:

N Alford - Director

1.	STATUTORY INFORMATION

Nick Alford Consultancy Ltd 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 receivable. Turnover includes revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Investments in subsidiaries and associates

Investments in subsidiaries and associates in which the company has a participating interest are recognised at cost and subject to an impairment review on an annual basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

The company has no tangible assets.

5.	FIXED ASSET INVESTMENTS

Interest

in other

participating

interests

£

Cost

At 1 June 2020

and 31 May 2021

84

Net book value

At 31 May 2021

84

At 31 May 2020

84

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Joint venture

Spion Lodge Development Limited

Registered office: Unit 5c South Hams Business Park,Kingsbridge,Devon TQ7 3QH

Nature of business: Development of building projects

%

Class of shares:

holding

£1 Ordinary

42.00

31.12.20

£

Aggregate capital and reserves

200

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

24,000

1,000

Amounts owed by joint ventures

949,257

944,256

973,257

945,256

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Taxation and social security

7,580

3,000

Other creditors

1,031,127

946,617

1,038,707

949,617

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

100

Ordinary

£1

100

100

9.	RELATED PARTY TRANSACTIONS

At the balance sheet date, the company jointly owed the two directors, N & Mrs F Alford, £1,009,351 for the credit on their directors loan account.