NHM Limited 31/03/2022 iXBRL

NHM Limited 31/03/2022 iXBRL

NHM LIMITED - Company Information

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0 31/03/2022 2022-03-31 false false false false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2021-04-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 09400040 2021-04-01 2022-03-31 09400040 2022-03-31 09400040 2021-03-31 09400040 2021-03-31 09400040 bus:RegisteredOffice 2021-04-01 2022-03-31 09400040 bus:LeadAgentIfApplicable 2021-04-01 2022-03-31 09400040 bus:Director1 2021-04-01 2022-03-31 09400040 core:FurnitureFittingsToolsEquipment 2021-03-31 09400040 core:FurnitureFittingsToolsEquipment 2022-03-31 09400040 core:WithinOneYear 2022-03-31 09400040 core:WithinOneYear 2021-03-31 09400040 core:ShareCapital 2022-03-31 09400040 core:ShareCapital 2021-03-31 09400040 core:RetainedEarningsAccumulatedLosses 2022-03-31 09400040 core:RetainedEarningsAccumulatedLosses 2021-03-31 09400040 core:FurnitureFittingsToolsEquipment 2021-04-01 2022-03-31 09400040 core:FurnitureFittingsToolsEquipment 2021-03-31 09400040 bus:Director1 2021-03-31 09400040 bus:Director1 2022-03-31 09400040 bus:Director1 2020-03-31 09400040 bus:Director1 2021-03-31 09400040 bus:Director1 2020-04-01 2021-03-31 09400040 bus:SmallEntities 2021-04-01 2022-03-31 09400040 bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 09400040 bus:FullAccounts 2021-04-01 2022-03-31 09400040 bus:SmallCompaniesRegimeForAccounts 2021-04-01 2022-03-31 09400040 bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31
Company registration number: 09400040
NHM Limited
Unaudited filleted financial statements
31 March 2022
NHM Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
NHM Limited
Directors and other information
Director Mr Nicolas Hamilton
Company number 09400040
Registered office First Floor
99 Bancroft
Hitchin
Hertfordshire
SG5 1NQ
Accountants Hicks and Company
Chartered Accountants
First Floor
99 Bancroft
Hitchin
Hertfordshire
SG5 1NQ
Bankers Natwest
12 High Street
Hitchin
Hertfordshire
SG5 1YY
NHM Limited
Chartered accountants report to the director on the preparation of the
unaudited statutory financial statements of NHM Limited
Year ended 31 March 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of NHM Limited for the year ended 31 March 2022 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the director of NHM Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of NHM Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NHM Limited and its director as a body for our work or for this report.
It is your duty to ensure that NHM Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of NHM Limited. You consider that NHM Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of NHM Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Hicks and Company
Chartered Accountants
First Floor
99 Bancroft
Hitchin
Hertfordshire
SG5 1NQ
3 May 2022
NHM Limited
Statement of financial position
31 March 2022
2022 2021
Note £ £ £ £
Fixed assets
Tangible assets 4 13,850 1,777
_______ _______
13,850 1,777
Current assets
Debtors 5 137,546 56,645
Cash at bank and in hand 36,892 24,833
_______ _______
174,438 81,478
Creditors: amounts falling due
within one year 6 ( 147,976) ( 82,708)
_______ _______
Net current assets/(liabilities) 26,462 ( 1,230)
_______ _______
Total assets less current liabilities 40,312 547
_______ _______
Net assets 40,312 547
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 40,212 447
_______ _______
Shareholder funds 40,312 547
_______ _______
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 03 May 2022 , and are signed on behalf of the board by:
Mr Nicolas Hamilton
Director
Company registration number: 09400040
NHM Limited
Notes to the financial statements
Year ended 31 March 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is First Floor, 99 Bancroft, Hitchin, Hertfordshire, SG5 1NQ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
4. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 April 2021 2,369 2,369
Additions 14,695 14,695
_______ _______
At 31 March 2022 17,064 17,064
_______ _______
Depreciation
At 1 April 2021 592 592
Charge for the year 2,622 2,622
_______ _______
At 31 March 2022 3,214 3,214
_______ _______
Carrying amount
At 31 March 2022 13,850 13,850
_______ _______
At 31 March 2021 1,777 1,777
_______ _______
5. Debtors
2022 2021
£ £
Other debtors 137,546 56,645
_______ _______
6. Creditors: amounts falling due within one year
2022 2021
£ £
Corporation tax 27,245 12,014
Social security and other taxes - 6,004
Other creditors 120,731 64,690
_______ _______
147,976 82,708
_______ _______
7. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2022
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr Nicolas Hamilton 25,096 88,459 ( 88,460) 25,095
_______ _______ _______ _______
2021
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr Nicolas Hamilton 63,637 17,459 ( 56,000) 25,096
_______ _______ _______ _______