NTRS LIMITED - Accounts

NTRS LIMITED
Contents Page
For the year ended 31 March 2023

Accountants' report	1
Statement of financial position	2
Notes to the financial statements	3

NTRS LIMITED Accountants' Report For the year ended 31 March 2023
Report to the directors on the preparation of the unaudited statutory accounts of NTRS LIMITED for the year ended 31 March 2023 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of NTRS LIMITED for the year ended 31 March 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the 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://rulebook.accaglobal.com/ This report is made solely to the Board of Directors of NTRS LIMITED, as a body, in accordance with the terms of our engagement letter dated 04 October 2023 Our work has been undertaken solely to prepare for your approval the accounts of NTRS LIMITED and state those matters that we have agreed to state to the Board of Directors of NTRS 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/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NTRS LIMITED and its Board of Directors as a body for our work or for this report. It is your duty to ensure that NTRS LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of NTRS LIMITED. You consider that NTRS 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 accounts of NTRS 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 accounts 31 March 2023 .................................................... Harans & co Chartered certified accountants 324 Stafford road Croydon Surrey CR0 4NH 04 October 2023 1

NTRS LIMITED
Accountants' Report
For the year ended 31 March 2023

Report to the directors on the preparation of the unaudited statutory accounts of NTRS LIMITED for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of NTRS LIMITED for the year ended 31 March 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the 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://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of NTRS LIMITED, as a body, in accordance with the terms of our engagement letter dated 04 October 2023 Our work has been undertaken solely to prepare for your approval the accounts of NTRS LIMITED and state those matters that we have agreed to state to the Board of Directors of NTRS 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/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NTRS LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that NTRS LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of NTRS LIMITED. You consider that NTRS 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 accounts of NTRS 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 accounts
31 March 2023

....................................................
Harans & co
Chartered certified accountants
324 Stafford road
Croydon
Surrey
CR0 4NH
04 October 2023

1

Registered Number: 06535266 NTRS LIMITED
Statement of Financial Position
As at 31 March 2023

	Notes	2023 £	2022 £
Fixed assets
Tangible fixed assets	3	1,253,782	1,249,180
		1,253,782	1,249,180
Current assets
Stocks		37,466	18,680
Cash at bank and in hand		76,397	37,530
		113,863	56,210
Creditors: amount falling due within one year		(204,137)	(104,749)
Net current liabilities		(90,274)	(48,539)

Total assets less current liabilities		1,163,508	1,200,641
Creditors: amount falling due after more than one year		(876,842)	(939,700)
Net assets		286,666	260,941

Capital and reserves
Called up share capital	4	2	2
Reserves	5	200,000	200,000
Profit and loss account		86,664	60,939
Shareholder's funds		286,666	260,941

For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 04 October 2023 and were signed on its behalf by:

-------------------------------
Mr Nelson Jebamany Patrick
Director

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NTRS LIMITED
Notes to the Abridged Financial Statements
For the year ended 31 March 2023

General Information

NTRS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06535266, registration address 128 Kent House Road, Beckenham, Kent, BR3 1JY.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

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

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and buildings	0% Reducing Balance
Plant and machinery	15% Reducing Balance
Motor Vehicles	15% Reducing Balance
Fixtures and Fittings	15% Reducing Balance

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Current asset investments

Current asset investments are stated at the lower of cost and net realisable value.

2.	Average number of employees Average number of employees during the year was 9 (2022 : 8).

3.

Tangible fixed assets

Cost or valuation	Land and buildings	Plant and machinery	Motor Vehicles	Fixtures and Fittings	Total
	£	£	£	£	£
At 01 April 2022	1,200,000	13,418	-	122,201	1,335,619
Additions	-	-	14,092	-	14,092
Disposals	-	-	-	-	-
At 31 March 2023	1,200,000	13,418	14,092	122,201	1,349,711
Depreciation
At 01 April 2022	-	9,336	-	77,103	86,439
Charge for year	-	612	2,114	6,764	9,490
On disposals	-	-	-	-	-
At 31 March 2023	-	9,948	2,114	83,867	95,929
Net book values
Closing balance as at 31 March 2023	1,200,000	3,470	11,978	38,334	1,253,782
Opening balance as at 01 April 2022	1,200,000	4,082	-	45,098	1,249,180

4.

Share Capital

Allotted, called up and fully paid	2023 £		2022 £
2 Class shares of £1.00 each	2		2
	2		2

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