Nirro Limited Filleted accounts for Companies House (small and micro)
Nirro Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
04050459
|
|
|
|
Statement of Financial Position |
2023 |
2022 |
||
Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
6 |
|
|
|
Current assets
Stocks |
|
|
||
Debtors |
7 |
|
|
|
Cash at bank and in hand |
|
|
||
------------ |
------------ |
|||
|
|
|||
Creditors: amounts falling due within one year |
8 |
|
|
|
------------ |
------------ |
|||
Net current assets |
|
|
||
------------ |
------------ |
|||
Total assets less current liabilities |
|
|
||
------------ |
------------ |
|||
Net assets |
|
|
||
------------ |
------------ |
|||
Capital and reserves
Called up share capital |
|
|
|
Profit and loss account |
|
|
|
------------ |
------------ |
||
Shareholders funds |
|
|
|
------------ |
------------ |
||
Director's responsibilities:
-
The members have 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
|
Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
27 October 2023
, and are signed on behalf of the board by:
|
|
Director |
|
Company registration number:
04050459
|
Notes to the Financial Statements |
Year ended 31 August 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 834 Hertford Road, Enfield, Middlesex, EN3 6UE.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
Judgements and key sources of estimation uncertainty
Revenue recognition
Income tax
Tangible assets
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:
Plant and machinery |
- |
|
|
Motor vehicles |
- |
|
|
Impairment of assets
Stocks
Provisions for liabilities
A provision is recognised in the Balance Sheet when the Company has a present legal or constructive obligation as a result of a past event, that can be reliably measured and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects risks specific to the liability.
Financial instruments
Cash and cash equivalents
Cash and cash equivalents include cash in hand and at bank. Bank overdrafts are shown within borrowings in current liabilities.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
24
(2022:
19
).
5.
Tax on profit
Major components of tax expense
2023 |
2022 |
|
£ |
£ |
|
Current tax:
UK current tax expense |
|
|
-------- |
-------- |
|
Tax on profit |
|
|
-------- |
-------- |
|
Reconciliation of tax expense
The tax assessed on the profit on ordinary activities for the year is higher than (2022: lower than) the
standard rate of corporation tax in the UK
of
21.52
% (2022:
19
%).
2023 |
2022 |
|
£ |
£ |
|
Profit on ordinary activities before taxation |
|
|
--------- |
--------- |
|
Profit on ordinary activities by rate of tax |
|
|
Effect of expenses not deductible for tax purposes |
|
|
Effect of capital allowances and depreciation |
|
(
|
--------- |
--------- |
|
Tax on profit |
|
|
--------- |
--------- |
|
6.
Tangible assets
Plant and machinery |
Motor vehicles |
Total |
|
£ |
£ |
£ |
|
Cost |
|||
At 1 September 2022 |
|
|
|
Additions |
|
|
|
Disposals |
– |
(
|
(
|
--------- |
--------- |
--------- |
|
At 31 August 2023 |
|
|
|
--------- |
--------- |
--------- |
|
Depreciation |
|||
At 1 September 2022 |
|
|
|
Charge for the year |
|
|
|
--------- |
--------- |
--------- |
|
At 31 August 2023 |
|
|
|
--------- |
--------- |
--------- |
|
Carrying amount |
|||
At 31 August 2023 |
|
|
|
--------- |
--------- |
--------- |
|
At 31 August 2022 |
|
|
|
--------- |
--------- |
--------- |
|
7.
Debtors
2023 |
2022 |
|
£ |
£ |
|
Trade debtors |
|
|
Prepayments and accrued income |
|
|
Loan to connected company |
|
|
Other debtors |
|
|
--------- |
--------- |
|
|
|
|
--------- |
--------- |
|
8.
Creditors:
amounts falling due within one year
2023 |
2022 |
|
£ |
£ |
|
Bank loans and overdrafts |
|
|
Trade creditors |
|
|
Corporation tax |
|
|
Social security and other taxes |
|
|
Other creditors |
|
|
--------- |
--------- |
|
|
|
|
--------- |
--------- |
|
9.
Financial instruments
The company has the following financial instruments:
2023 | 2022 | ||
£ | £ | ||
Financial assets measured at amortised cost | |||
Loan to connected company | 495,000 | 450,000 | |
Trade and other debtors | 40,607 | 40,878 | |
Prepayments | 29,489 | 40,861 | |
--------- | --------- | ||
565,096 | 531,739 | ||
--------- | --------- | ||
Financial liabilities measured at amortised cost | |||
Bank loans and overdraft | 15,053 | 11,422 | |
Trade and other creditors | 37,573 | 43,955 | |
Accruals | 25,545 | 16,730 | |
-------- | -------- | ||
78,171 | 72,107 | ||
-------- | -------- | ||
10.
Related party transactions
The following related party transactions were undertaken:
2023 | 2022 | ||
£ | £ | ||
Loan to connected companies: | |||
HTK Investments Limited | 495,000 | 450,000 | |
--------- | --------- | ||