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REGISTERED NUMBER: 10256964 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

NSD DEVELOPMENTS LTD

NSD DEVELOPMENTS LTD (REGISTERED NUMBER: 10256964)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NSD DEVELOPMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: N W Bushby
S Bushby
D Bushby





REGISTERED OFFICE: 34 Falsgrave Road
Scarborough
North Yorkshire
YO12 5AT





REGISTERED NUMBER: 10256964 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

NSD DEVELOPMENTS LTD (REGISTERED NUMBER: 10256964)

BALANCE SHEET
30 APRIL 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,264,792 1,151,995

CURRENT ASSETS
Stocks 17,500 13,330
Debtors 5 163,849 205,301
Cash at bank 55,172 164,863
236,521 383,494
CREDITORS
Amounts falling due within one year 6 369,312 419,674
NET CURRENT LIABILITIES (132,791 ) (36,180 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,132,001

1,115,815

CREDITORS
Amounts falling due after more than one
year

7

204,555

240,876
NET ASSETS 927,446 874,939

CAPITAL AND RESERVES
Called up share capital 9 1,073,000 1,073,000
Retained earnings (145,554 ) (198,061 )
SHAREHOLDERS' FUNDS 927,446 874,939

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

NSD DEVELOPMENTS LTD (REGISTERED NUMBER: 10256964)

BALANCE SHEET - continued
30 APRIL 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2023 and were signed on its behalf by:





D Bushby - Director


NSD DEVELOPMENTS LTD (REGISTERED NUMBER: 10256964)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

NSD Developments Ltd 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.

The accounts are prepared on the going concern basis due to continued support of the directors.

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.
Freehold property - 2% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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.

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.

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 29 (2022 - 26 ) .

NSD DEVELOPMENTS LTD (REGISTERED NUMBER: 10256964)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2022 1,061,824 453,806 1,515,630
Additions 61,256 140,129 201,385
Disposals - (10,795 ) (10,795 )
At 30 April 2023 1,123,080 583,140 1,706,220
DEPRECIATION
At 1 May 2022 82,940 280,695 363,635
Charge for year 21,654 60,090 81,744
Eliminated on disposal - (3,951 ) (3,951 )
At 30 April 2023 104,594 336,834 441,428
NET BOOK VALUE
At 30 April 2023 1,018,486 246,306 1,264,792
At 30 April 2022 978,884 173,111 1,151,995

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 682 24,948
Amounts owed by group undertakings 156,706 173,633
Other debtors 6,461 6,720
163,849 205,301

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 26,506 23,627
Trade creditors 63,049 33,788
Taxation and social security 57,105 46,916
Other creditors 222,652 315,343
369,312 419,674

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans 204,555 240,876

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 143,035 147,135

NSD DEVELOPMENTS LTD (REGISTERED NUMBER: 10256964)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Bank loans 219,935 230,140

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
1,073,000 Ordinary £1 1,073,000 1,073,000

10. RELATED PARTY DISCLOSURES

NSD Developments Ltd is a subsidiary of Orbit Electrical Services Ltd. As at 30 April 2023, debtors included £156,550 owed by Orbit Electrical Services Ltd (2022 - £173,633).