Nailside Limited 31/03/2019 iXBRL
Nailside Limited 31/03/2019 iXBRL
Company registration number:
01821056
Unaudited filleted financial statements
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Directors and other information
Directors |
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Secretary |
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Company number |
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Registered office |
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Accountants |
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45/49 Greek Street | ||
Stockport | ||
Cheshire | ||
SK3 8AX | ||
Chartered certified accountants' report to the board of directors on the preparation of the
unaudited statutory financial statements of Nailside Limited
Year ended 31 March 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Nailside Limited for the year ended 31 March 2019 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of Nailside Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Nailside Limited and state those matters that we have agreed to state to the board of directors of Nailside Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nailside Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Nailside Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Nailside Limited. You consider that Nailside Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Nailside Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Chartered Certified Accountants
45/49 Greek Street
Stockport
Cheshire
SK3 8AX
16 September 2019
Statement of financial position
31 March 2019
2019 | 2018 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 4 |
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Current assets | |||||||||
Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 5 |
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Net current liabilities |
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Total assets less current liabilities |
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Net liabilities |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders deficit |
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Directors responsibilities:
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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;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
16 September 2019
, and are signed on behalf of the board by:
.........................
Director
Company registration number:
01821056
Notes to the financial statements
Year ended 31 March 2019
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 45/49 Greek Street, Stockport, Cheshire, SK3 8AX.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Taxation
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:
Freehold land | - |
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Impairment
Financial instruments
4.
Tangible assets
Freehold property | Total | ||
£ | £ | ||
Cost | |||
At 1 April 2018 and 31 March 2019 |
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Depreciation | |||
At 1 April 2018 and 31 March 2019 | - | - | |
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Carrying amount | |||
At 31 March 2019 |
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At 31 March 2018 |
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Tangible assets held at valuation
In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:
Freehold property | Total | ||
£ | £ | ||
At 31 March 2019 | |||
Aggregate cost | 20,652 | 20,652 | |
Aggregate depreciation | (14,456) | (14,456) | |
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Carrying amount |
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6,196 | |
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At 31 March 2018 | |||
Aggregate cost | 20,652 | 20,652 | |
Aggregate depreciation | (14,043) | (14,043) | |
_______ | _______ | ||
Carrying amount |
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6,609 | |
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The directors value freehold property held by the company on 31 March 2019 at £20,652.
5.
Creditors: amounts falling due within one year
2019 | 2018 | |||
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Bank loans and overdrafts |
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Trade creditors |
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Other creditors |
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6.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | ||||
2019 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
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2018 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
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7.
Controlling party