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REPORT OF THE DIRECTOR AND |
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UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 10TH MAY 2016 TO 31ST MAY 2017 |
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NICK BROWN DESIGN LIMITED |
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REGISTERED NUMBER:
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REPORT OF THE DIRECTOR AND |
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UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 10TH MAY 2016 TO 31ST MAY 2017 |
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FOR |
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NICK BROWN DESIGN LIMITED |
NICK BROWN DESIGN LIMITED (REGISTERED NUMBER: 10171904) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
For The Period 10th May 2016 to 31st May 2017 |
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Company Information | 1 |
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Report of the Director | 2 |
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Chartered Accountants' Report | 3 |
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Income Statement | 4 |
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Other Comprehensive Income | 5 |
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Balance Sheet | 6 |
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Notes to the Financial Statements | 7 |
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NICK BROWN DESIGN LIMITED |
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COMPANY INFORMATION |
For The Period 10th May 2016 to 31st May 2017 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Bank House |
81 St Judes Road |
Englefield Green |
Surrey |
TW20 0DF |
NICK BROWN DESIGN LIMITED (REGISTERED NUMBER: 10171904) |
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REPORT OF THE DIRECTOR |
For The Period 10th May 2016 to 31st May 2017 |
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The director presents his report with the financial statements of the company for the period 10th May 2016 to 31st May 2017. |
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INCORPORATION |
The company was incorporated on 10th May 2016 and commenced trading on the same date. |
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PRINCIPAL ACTIVITY |
The principal activity of the company in the period under review was that of providing information technology services |
and other activities. |
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DIRECTOR |
date of this report. |
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The director, being eligible, offers himself for election at the forthcoming first Annual General Meeting. |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
companies. |
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ON BEHALF OF THE BOARD: |
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CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
NICK BROWN DESIGN LIMITED |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Nick Brown Design Limited for the period ended 31st May 2017 which comprise the Income |
Statement, Other Comprehensive Income, Balance Sheet and the related notes from the company's accounting records |
and from information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the director of Nick Brown Design Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Nick Brown Design Limited and state those matters that we have agreed to state to the director of Nick Brown Design Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nick Brown Design Limited and its director for our work or for this report. |
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It is your duty to ensure that Nick Brown Design 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 profit of Nick Brown Design Limited. You consider that Nick Brown Design Limited is exempt from the statutory audit requirement for the period. |
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We have not been instructed to carry out an audit or a review of the financial statements of Nick Brown Design 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. |
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Bank House |
81 St Judes Road |
Englefield Green |
Surrey |
TW20 0DF |
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NICK BROWN DESIGN LIMITED (REGISTERED NUMBER: 10171904) |
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INCOME STATEMENT |
For The Period 10th May 2016 to 31st May 2017 |
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Notes | £ |
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TURNOVER |
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Administrative expenses |
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OPERATING PROFIT |
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Interest receivable and similar income |
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PROFIT BEFORE TAXATION |
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Tax on profit | 4 |
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PROFIT FOR THE FINANCIAL PERIOD |
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NICK BROWN DESIGN LIMITED (REGISTERED NUMBER: 10171904) |
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OTHER COMPREHENSIVE INCOME |
For The Period 10th May 2016 to 31st May 2017 |
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Notes | £ |
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PROFIT FOR THE PERIOD |
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OTHER COMPREHENSIVE INCOME | - |
TOTAL COMPREHENSIVE INCOME
FOR THE PERIOD |
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NICK BROWN DESIGN LIMITED (REGISTERED NUMBER: 10171904) |
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BALANCE SHEET |
31st May 2017 |
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Notes | £ |
CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings | 8 |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
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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. |
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The financial statements were approved by the director on
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NICK BROWN DESIGN LIMITED (REGISTERED NUMBER: 10171904) |
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NOTES TO THE FINANCIAL STATEMENTS |
For The Period 10th May 2016 to 31st May 2017 |
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1. | STATUTORY INFORMATION |
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Nick Brown Design Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents the value of services provided under contracts to the extent that there is a right to |
consideration and is recorded at the value of the consideration due. Where a contract has only been partially |
completed at the balance sheet date turnover represents the value of the service provided to date based on a |
proportion of the total expected consideration at completion. |
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Where payments are received from customers in advance of services provided, the amounts are recorded as |
Deferred Income and included as part of Creditors due within one year. |
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Taxation |
Taxation for the period 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average monthly number of employees during the period was
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£ |
Director's remuneration |
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4. | TAXATION |
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Analysis of the tax charge |
The tax charge on the profit for the period was as follows: |
£ |
Current tax: |
UK corporation tax |
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Tax on profit |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
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NICK BROWN DESIGN LIMITED (REGISTERED NUMBER: 10171904) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Period 10th May 2016 to 31st May 2017 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
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Tax |
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VAT | 3,065 |
Directors' current accounts | 4,054 |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
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Ordinary | £1 | 1 |
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8. | RESERVES |
Retained |
earnings |
£ |
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Profit for the period |
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Dividends | ( |
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At 31st May 2017 |
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9. | RELATED PARTY DISCLOSURES |
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A final dividend of £33,316 was paid to Mr.N Brown, the director, during the year. |
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Included in Creditors, amounts falling due within one year, is an amounts of £4,054 owed to Mr.N Brown, the |
director. This loan is non-interest bearing, of no fixed term and repayable on demand. |
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10. | ULTIMATE CONTROLLING PARTY |
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The Ultimate controlling party is Mr.N S Brown, the director and shareholder of the company. |