Negotiation Workshop Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04221575 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2021

for

Negotiation Workshop Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

DAS Bryson

REGISTERED OFFICE:

Kenton House

Oxford Street

Moreton-in-Marsh

Gloucestershire

GL56 0LA

REGISTERED NUMBER:

04221575 (England and Wales)

ACCOUNTANTS:

Tayabali Tomlin

Chartered Accountants

Kenton House

Oxford Street

Moreton-in-Marsh

Gloucestershire

GL56 0LA

CURRENT ASSETS

Debtors

5

2,075

3,844

Cash at bank

651

6,034

2,726

9,878

CREDITORS

Amounts falling due within one year

6

2,387

3,729

NET CURRENT ASSETS

339

6,149

TOTAL ASSETS LESS CURRENT LIABILITIES

339

6,149

CREDITORS

Amounts falling due after more than one year

7

5,042

6,000

NET (LIABILITIES)/ASSETS

(4,703

)

149

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(4,705

)

147

SHAREHOLDERS' FUNDS

(4,703

)

149

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 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 28 February 2022 and were signed by:

DAS Bryson - Director

1.	STATUTORY INFORMATION

Negotiation Workshop Limited 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 each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 June 2020

5,192

4,790

9,982

Disposals

(5,192

)

(4,790

)

(9,982

)

At 31 May 2021

-

-

-

DEPRECIATION

At 1 June 2020

5,192

4,790

9,982

Eliminated on disposal

(5,192

)

(4,790

)

(9,982

)

At 31 May 2021

-

-

-

NET BOOK VALUE

At 31 May 2021

-

-

-

At 31 May 2020

-

-

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other debtors

2,075

3,844

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

958

-

Taxation and social security

531

2,934

Other creditors

898

795

2,387

3,729

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

5,042

6,000

8.	RELATED PARTY DISCLOSURES