Now Get Qualified Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08252707 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

NOW GET QUALIFIED LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D D Plosky

Mrs D S Plosky

REGISTERED OFFICE:

12 Nelson Way

Beccles

Suffolk

NR34 9PH

REGISTERED NUMBER:

08252707 (England and Wales)

ACCOUNTANTS:

Bayar Hughes & Co

Chartered Certified Accountants

4 Green Lane Business Park

238 Green lane

New Eltham

London

SE9 3TL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

7,740

8,273

7,740

8,273

CURRENT ASSETS

Debtors

6

13,926

13,375

Cash at bank

98,458

90,273

112,384

103,648

CREDITORS

Amounts falling due within one year

7

39,671

36,132

NET CURRENT ASSETS

72,713

67,516

TOTAL ASSETS LESS CURRENT LIABILITIES

80,453

75,789

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

80,353

75,689

SHAREHOLDERS' FUNDS

80,453

75,789

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 10 November 2023 and were signed on its behalf by:

Mr D D Plosky - Director

1.	STATUTORY INFORMATION

Now Get Qualified 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets

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

Office

-

25% on reducing balance

Office Furniture & Equipment

-

25% on reducing balance

Motor Vehicle

-

25% 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.

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

Goodwill

£

COST

At 1 April 2022

and 31 March 2023

9,875

AMORTISATION

At 1 April 2022

and 31 March 2023

9,875

NET BOOK VALUE

At 31 March 2023

-

At 31 March 2022

-

5.	TANGIBLE FIXED ASSETS

Office

Furniture

Motor

Office

& Equipment

Vehicle

Totals

£

£

£

£

COST

At 1 April 2022

10,485

5,842

17,513

33,840

Additions

-

2,047

-

2,047

At 31 March 2023

10,485

7,889

17,513

35,887

DEPRECIATION

At 1 April 2022

9,017

3,565

12,985

25,567

Charge for year

879

569

1,132

2,580

At 31 March 2023

9,896

4,134

14,117

28,147

NET BOOK VALUE

At 31 March 2023

589

3,755

3,396

7,740

At 31 March 2022

1,468

2,277

4,528

8,273

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade Debtors

13,926

12,966

Directors' Loan Account

-

409

13,926

13,375

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Corporation Tax

18,737

14,781

Paye Creditor

169

516

Vat Creditor

18,674

19,135

Directors' Loan Account

267

-

Other Creditors & Accruals

1,824

1,700

39,671

36,132

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

100

Ordinary

1

100

100

9.

RESERVES

Retained

earnings

£

At 1 April 2022

75,689

Profit for the year

77,664

Dividends

(73,000

)

At 31 March 2023

80,353