NCI Services Ltd,Ltd - AccountsLtd

Registered Number :

06914172

As at 31 March 2023

NCI Services Ltd

Statement of Financial Position

2022

2023

Notes

Fixed assets

Property, plant and equipment

36,190

37,236

36,190

37,236

Current assets

Inventories

12,200

5,000

Trade and other receivables

53,070

61,932

Cash and cash equivalents

66,945

65,273

Trade and other payables: amounts falling due within one year

(179,053)

(160,466)

(113,780)

(93,521)

Net current liabilities

Total assets less current liabilities

(57,331)

(76,544)

Trade and other payables: amounts falling due after more than

one year

(7,265)

(57,331)

Net liabilities

(83,809)

Capital and reserves

Called up share capital

100

Retained earnings

(57,431)

(83,909)

(57,331)

(83,809)

Shareholders' funds

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.

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 directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Mr I Gilbert Director

Mr G P Collins Director

These financial statements were approved and authorised for issue by the Board on 16 August 2023 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2023

NCI Services Ltd

Notes to the Financial Statements

Statutory Information

NCI Services Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 06914172.

Registered address:

31 Church Road Business Centre

Sittingbourne

Kent

ME10 3RS

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have

been prepared under the historical costs convention as modified by the revaluation of certain assets.

Revenue recognition

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

Property, plant and equipment

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:

Plant and machinery

25% Reducing balance

Computer equipment

25% Reducing balance

Motor vehicles

25% Reducing balance

Fixtures and fittings

Inventories

Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.

Going Concern

The financial statements have been prepared on a going concern basis. This basis is considered appropriate as the company has the

ongoing support of its directors.

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For the year ended 31 March 2023

NCI Services Ltd

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Computer

equipment

Fixtures and

fittings

Motor vehicles

Plant and

machinery

Cost or valuation

At 01 April 2022

87,591

6,695

9,600

23,300

47,996

14,600

Additions

(20,126)

Disposals

(20,126)

At 31 March 2023

23,300

9,600

6,695

82,065

42,470

Provision for depreciation and impairment

At 01 April 2022

50,355

3,592

4,539

10,686

31,538

Charge for year

12,065

776

1,266

3,153

6,870

(16,545)

On disposal

At 31 March 2023

45,875

4,368

5,805

13,839

21,863

At 31 March 2023

Net book value

20,607

9,461

3,795

2,327

36,190

At 31 March 2022

16,458

12,614

5,061

3,103

37,236

3. Inventories

2022

2023

Stocks

5,000

12,200

4. Trade and other receivables

2022

2023

Trade debtors

61,932

53,070

5. Trade and other payables: amounts falling due within one year

2022

2023

Bank loans and overdraft (secured)

7,265

45,048

Bank loans and overdraft

17,089

23,931

Trade creditors

48,725

41,601

Taxation and social security

55,289

56,186

Other creditors

32,098

12,287

160,466

179,053

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