Nightingale Business Management Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 05097497 (England and Wales)

NIGHTINGALE BUSINESS MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 APRIL 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M A Hardwick

S Grayson

REGISTERED OFFICE:

The Turbine

Coach Close

Worksop

Nottinghamshire

S81 8AP

REGISTERED NUMBER:

05097497 (England and Wales)

FIXED ASSETS

Intangible assets

4

7,300

-

Tangible assets

5

9,505

9,678

16,805

9,678

CURRENT ASSETS

Debtors

6

135,732

92,348

Cash at bank and in hand

19,813

4,148

155,545

96,496

CREDITORS

Amounts falling due within one year

7

74,169

56,775

NET CURRENT ASSETS

81,376

39,721

TOTAL ASSETS LESS CURRENT LIABILITIES

98,181

49,399

CREDITORS

Amounts falling due after more than one year

8

18,701

25,593

NET ASSETS

79,480

23,806

CAPITAL AND RESERVES

Called up share capital

1,332

1,332

Retained earnings

78,148

22,474

SHAREHOLDERS' FUNDS

79,480

23,806

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2023 and were signed on its behalf by:

M A Hardwick - Director

1.	STATUTORY INFORMATION

Nightingale Business Management 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

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

Plant and machinery etc

-

15% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 May 2022

6,200

Additions

7,300

At 30 April 2023

13,500

AMORTISATION

At 1 May 2022

and 30 April 2023

6,200

NET BOOK VALUE

At 30 April 2023

7,300

At 30 April 2022

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST OR VALUATION

At 1 May 2022

14,047

Additions

1,505

At 30 April 2023

15,552

DEPRECIATION

At 1 May 2022

4,369

Charge for year

1,678

At 30 April 2023

6,047

NET BOOK VALUE

At 30 April 2023

9,505

At 30 April 2022

9,678

Cost or valuation at 30 April 2023 is represented by:

Plant and

machinery

etc

£

Cost

15,552

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

45,696

36,368

Other debtors

90,036

55,980

135,732

92,348

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

10,239

12,734

Trade creditors

2,610

469

Taxation and social security

52,475

41,245

Other creditors

8,845

2,327

74,169

56,775

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

18,701

25,593

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company paid dividends of £41,250 (2022 : £58,117) to Mr M A Hardwick and £41,250 (2022 : £58,117) to Mr S Grayson.

At the year end the directors owed the company, Mr M A Hardwick £Nil (2022 : £Nil) and Mr S Grayson £6,500 (2022 : £Nil). There are no fixed repayment terms and no interest is payable on the loan.