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REGISTERED NUMBER: 11090997 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

NPS CONTRACTS LIMITED

NPS CONTRACTS LIMITED (REGISTERED NUMBER: 11090997)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

NPS CONTRACTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: N P Spriggs





REGISTERED OFFICE: 3 Durrant Road
Bournemouth
Dorset
BH2 6NE





REGISTERED NUMBER: 11090997 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

NPS CONTRACTS LIMITED (REGISTERED NUMBER: 11090997)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,265 3,158

CURRENT ASSETS
Stocks 5 5,012 4,640
Debtors 6 123,615 103,772
Cash at bank and in hand 595,450 511,709
724,077 620,121
CREDITORS
Amounts falling due within one year 7 107,313 132,217
NET CURRENT ASSETS 616,764 487,904
TOTAL ASSETS LESS CURRENT
LIABILITIES

619,029

491,062

CREDITORS
Amounts falling due after more than one
year

8

(28,963

)

(38,606

)

PROVISIONS FOR LIABILITIES 10 (484 ) (600 )
NET ASSETS 589,582 451,856

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 12 589,580 451,854
SHAREHOLDERS' FUNDS 589,582 451,856

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 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.

NPS CONTRACTS LIMITED (REGISTERED NUMBER: 11090997)

BALANCE SHEET - continued
31 DECEMBER 2022


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

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

The financial statements were approved by the director and authorised for issue on 2 October 2023 and were signed by:





N P Spriggs - Director


NPS CONTRACTS LIMITED (REGISTERED NUMBER: 11090997)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022


1. STATUTORY INFORMATION

NPS Contracts Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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

Taxation
Taxation for the year 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.

Current or deferred taxation assets and liabilities are not discounted.

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.


NPS CONTRACTS LIMITED (REGISTERED NUMBER: 11090997)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2022 8,919 10,303 2,127 21,349
Additions 639 - 592 1,231
At 31 December 2022 9,558 10,303 2,719 22,580
DEPRECIATION
At 1 January 2022 8,544 8,304 1,343 18,191
Charge for year 285 999 840 2,124
At 31 December 2022 8,829 9,303 2,183 20,315
NET BOOK VALUE
At 31 December 2022 729 1,000 536 2,265
At 31 December 2021 375 1,999 784 3,158

NPS CONTRACTS LIMITED (REGISTERED NUMBER: 11090997)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


5. STOCKS
2022 2021
£    £   
Stocks 5,012 4,640

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 122,455 100,532
Other debtors - 1,950
Prepayments and accrued income 1,160 1,290
123,615 103,772

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 5,833 5,833
Trade creditors 4,565 26,658
Corporation tax 40,805 51,568
Social security and other taxes 423 2,675
VAT 32,382 36,492
Directors' current accounts 21,805 7,591
Accruals and deferred income 1,500 1,400
107,313 132,217

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2022 2021
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 18,963 28,606
28,963 38,606

NPS CONTRACTS LIMITED (REGISTERED NUMBER: 11090997)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


9. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 34,796 44,439

The loan is supported by Government guarantee.

10. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 484 600

Deferred
tax
£   
Balance at 1 January 2022 600
Provided during year (116 )
Balance at 31 December 2022 484

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
2 2

12. RESERVES
Retained
earnings
£   

At 1 January 2022 451,854
Profit for the year 171,726
Dividends (34,000 )
At 31 December 2022 589,580

NPS CONTRACTS LIMITED (REGISTERED NUMBER: 11090997)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


13. RELATED PARTY DISCLOSURES

During the year, total dividends of £24,500 (2021 - £30,000) were paid to the director .

The director has made an interest free loan to the company of £21,805 (2021 - £7,591). The loan is repayable on demand.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
NPS CONTRACTS LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of NPS Contracts Limited for the year ended 31 December 2022 which comprise the Income Statement, Balance Sheet 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 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.

This report is made solely to the director of NPS Contracts Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of NPS Contracts Limited and state those matters that we have agreed to state to the director of NPS Contracts 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 NPS Contracts Limited and its director for our work or for this report.

It is your duty to ensure that NPS Contracts 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 NPS Contracts Limited. You consider that NPS Contracts 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 NPS Contracts 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.






Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE


2 October 2023