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Company Registration No. 11400688 (England and Wales)
N&Y CONSTRUCTION LTD Unaudited accounts for the year ended 31 May 2023
N&Y CONSTRUCTION LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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N&Y CONSTRUCTION LTD Company Information for the year ended 31 May 2023
Director
Nikolay YOVCHEV
Company Number
11400688 (England and Wales)
Registered Office
10 HIGH DELLS HATFIELD AL10 9HU UNITED KINGDOM
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N&Y CONSTRUCTION LTD Statement of financial position as at 31 May 2023
2023
2022
Notes
£
£
Fixed assets
Tangible assets
4
24,371
32,719
Current assets
Debtors
5
175
9,419
Cash at bank and in hand
16,846
3,164
17,021
12,583
Creditors: amounts falling due within one year
6
(1,859)
5,912
Net current assets
15,162
18,495
Total assets less current liabilities
39,533
51,214
Creditors: amounts falling due after more than one year
7
(38,996)
(51,081)
Net assets
537
133
Capital and reserves
Called up share capital
1
1
Profit and loss account
536
132
Shareholders' funds
537
133
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 October 2023 and were signed on its behalf by
Nikolay YOVCHEV Director Company Registration No. 11400688
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N&Y CONSTRUCTION LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
N&Y CONSTRUCTION LTD is a private company, limited by shares, registered in England and Wales, registration number 11400688. The registered office is 10 HIGH DELLS, HATFIELD, AL10 9HU, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18%
Motor vehicles
6%-18%
Fixtures & fittings
18%
Computer equipment
18%
Other tangible fixed assets
18%
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 June 2022
32,995
2,046
35,041
Additions
22,995
-
22,995
Disposals
(32,995)
-
(32,995)
At 31 May 2023
22,995
2,046
25,041
Depreciation
At 1 June 2022
1,954
368
2,322
Charge for the year
-
302
302
On disposals
(1,954)
-
(1,954)
At 31 May 2023
-
670
670
Net book value
At 31 May 2023
22,995
1,376
24,371
At 31 May 2022
31,041
1,678
32,719
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N&Y CONSTRUCTION LTD Notes to the Accounts for the year ended 31 May 2023
5
Debtors
2023
2022
£
£
Amounts falling due within one year
VAT
175
280
Trade debtors
-
43
Accrued income and prepayments
-
2,581
Other debtors
-
6,466
175
9,370
Amounts falling due after more than one year
Other debtors
-
49
6
Creditors: amounts falling due within one year
2023
2022
£
£
VAT
150
-
Trade creditors
-
(6,726)
Taxes and social security
2,337
2,285
Other creditors
-
(844)
Loans from directors
(1)
-
Accruals
(627)
(627)
1,859
(5,912)
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans
15,000
20,000
Obligations under finance leases and hire purchase contracts
23,996
31,081
38,996
51,081
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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