NISI Management Limited - Accounts to registrar (filleted) - small 23.1.2

NISI Management Limited - Accounts to registrar (filleted) - small 23.1.2


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REGISTERED NUMBER: 09312945 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2023

for

NISI Management Limited

NISI Management Limited (Registered number: 09312945)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NISI Management Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: S Patel





REGISTERED OFFICE: C/o Emmerson Accoutancy
Atlantic Business Centre
Atlantic Street
Altrincham
Cheshire
WA14 5NQ





REGISTERED NUMBER: 09312945 (England and Wales)





ACCOUNTANTS: Emmerson Accountancy Ltd
Atlantic Business Centre
Atlantic Street
Altrincham
Cheshire
WA14 5NQ

NISI Management Limited (Registered number: 09312945)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,480 -

CURRENT ASSETS
Debtors 5 121,000 128,500
Cash at bank 69,983 53,336
190,983 181,836
CREDITORS
Amounts falling due within one year 6 6,013 17,166
NET CURRENT ASSETS 184,970 164,670
TOTAL ASSETS LESS CURRENT
LIABILITIES

225,450

164,670

CREDITORS
Amounts falling due after more than one year 7 60,498 18,417
NET ASSETS 164,952 146,253

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings 9 164,942 146,243
SHAREHOLDERS' FUNDS 164,952 146,253

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 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.

NISI Management Limited (Registered number: 09312945)

Balance Sheet - continued
31 March 2023


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 21 December 2023 and were signed by:





S Patel - Director


NISI Management Limited (Registered number: 09312945)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

NISI 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.

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.
Motor vehicles - 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.

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 (2022 - 2 ) .

NISI Management Limited (Registered number: 09312945)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
Additions 53,973
At 31 March 2023 53,973
DEPRECIATION
Charge for year 13,493
At 31 March 2023 13,493
NET BOOK VALUE
At 31 March 2023 40,480

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 21,000 3,500
Loan Parker & Hammond - 25,000
Loan BDS Eyecare 100,000 100,000
121,000 128,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 18 16
Tax 4,714 15,901
Directors' current accounts 831 799
Accrued expenses 450 450
6,013 17,166

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 14,167 18,417
Hire purchase contracts 46,331 -
60,498 18,417

NISI Management Limited (Registered number: 09312945)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
10 Ordinary £1 10 10

9. RESERVES
Retained
earnings
£   

At 1 April 2022 146,243
Profit for the year 60,579
Dividends (41,880 )
At 31 March 2023 164,942