Nick Rafferty Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08874536 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2021

for

Nick Rafferty Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

N F Rafferty

REGISTERED OFFICE:

No1 Parkside Court

Greenhough Road

Lichfield

Staffordshire

WS13 7FE

REGISTERED NUMBER:

08874536 (England and Wales)

ACCOUNTANTS:

The Boss Partnership

Chartered Certified Accountants

No1 Parkside Court

Greenhough Road

Lichfield

Staffordshire

WS13 7FE

FIXED ASSETS

Tangible assets

4

-

1

CURRENT ASSETS

Debtors

5

25

25

Prepayments and accrued income

125

-

Cash at bank

41,807

30,302

41,957

30,327

CREDITORS

Amounts falling due within one year

6

12,542

16,066

NET CURRENT ASSETS

29,415

14,261

TOTAL ASSETS LESS CURRENT LIABILITIES

29,415

14,262

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

29,315

14,162

SHAREHOLDERS' FUNDS

29,415

14,262

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 29 November 2021 and were signed by:

N F Rafferty - Director

1.	STATUTORY INFORMATION

Nick Rafferty 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 received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 March 2020

and 28 February 2021

1,539

DEPRECIATION

At 1 March 2020

1,538

Charge for year

1

At 28 February 2021

1,539

NET BOOK VALUE

At 28 February 2021

-

At 29 February 2020

1

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other debtors

25

25

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Taxation and social security

8,834

6,525

Other creditors

3,708

9,541

12,542

16,066

7.	ULTIMATE CONTROLLING PARTY

The controlling party is N F Rafferty.