Nicholas Winton Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: SC448229 (Scotland)

Unaudited Financial Statements for the Year Ended 30 April 2022

for

Nicholas Winton Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D N Winton

O H Winton

SECRETARY:

P N Winton

REGISTERED OFFICE:

3 Maryfield Road

Broughty Ferry

Dundee

DD5 2JJ

BUSINESS ADDRESS:

Fox Court

14 Grays Inn Road

London

WC1X 8HN

REGISTERED NUMBER:

SC448229 (Scotland)

ACCOUNTANTS:

Angela Campbell

Chartered Accountant

3 Maryfield Road

Broughty Ferry

DUNDEE

Tayside

DD5 2JJ

FIXED ASSETS

Intangible assets

4

20,000

40,000

Tangible assets

5

1,006

1,699

21,006

41,699

CURRENT ASSETS

Stocks

-

1,050

Debtors

6

155,237

54,247

Cash at bank

780,640

405,988

935,877

461,285

CREDITORS

Amounts falling due within one year

7

549,965

134,884

NET CURRENT ASSETS

385,912

326,401

TOTAL ASSETS LESS CURRENT LIABILITIES

406,918

368,100

PROVISIONS FOR LIABILITIES

9

190

323

NET ASSETS

406,728

367,777

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

406,628

367,677

SHAREHOLDERS' FUNDS

406,728

367,777

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 December 2022 and were signed on its behalf by:

D N Winton - Director

1.	STATUTORY INFORMATION

Nicholas Winton Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 derived from jewellery and silver commissions.

Turnover therefore represents the income from these sources, 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 2013, is being amortised evenly over its estimated useful life of ten 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

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their residual value, over their expected useful lives on a straight line basis at the rate of 33% per annum.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss, if any.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Current tax is recognised in the income statement 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.

Leasing commitments

Rentals applicable to operating leases where substantially all of the benefits and risk of ownership remain with the lessor are charged to the profit and loss account as incurred.

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.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, other general liabilities and the director's loan to the company, which is repayable on demand. These are all measured at the undiscounted amount of the cash expected to be paid or received. within a year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2021

and 30 April 2022

200,000

AMORTISATION

At 1 May 2021

160,000

Charge for year

20,000

At 30 April 2022

180,000

NET BOOK VALUE

At 30 April 2022

20,000

At 30 April 2021

40,000

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 May 2021

2,989

Additions

449

At 30 April 2022

3,438

DEPRECIATION

At 1 May 2021

1,290

Charge for year

1,142

At 30 April 2022

2,432

NET BOOK VALUE

At 30 April 2022

1,006

At 30 April 2021

1,699

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.22

30.4.21

£

£

Trade debtors

131,220

20,809

Other debtors

24,017

33,438

155,237

54,247

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.22

30.4.21

£

£

Trade creditors

492,016

83,851

Taxation and social security

31,195

24,983

Other creditors

26,754

26,050

549,965

134,884

8.	LEASING AGREEMENTS

The operating lease relates to the annual rent of office premises renewed on 1 April each year. The annual commitment is £8,400 (2021 -£8,400).

9.	PROVISIONS FOR LIABILITIES

30.4.22

30.4.21

£

£

Deferred tax

190

323

Deferred

tax

£

Balance at 1 May 2021

323

Credit to Statement of Income and Retained Earnings during year

(133

)

Balance at 30 April 2022

190