Registered number
09314139
NANO GAS SERVICES LIMITED
Financial Statements
For the Year Ended
31 January 2023
NANO GAS SERVICES LIMITED
Company Information
Directors
S.Gamwell
K.Ross
Secretary
Z.Gamwell
Accountants
RJT Accountancy Limited
4 Woodridge Avenue
Allesley Green
Coventry
CV5 7PN
Bankers
Barclays Bank plc
Registered office
36 Nightingale Lane
Coventry
CV5 6AY
Registered number
09314139
NANO GAS SERVICES LIMITED
Registered number: 09314139
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 14,303 17,725
Current assets
Debtors 4 36,392 56,376
Cash at bank and in hand 19,399 30,757
55,791 87,133
Creditors: amounts falling due within one year 5 (39,255) (33,999)
Net current assets 16,536 53,134
Total assets less current liabilities 30,839 70,859
Provisions for liabilities (2,592) (3,180)
Net assets 28,247 67,679
Capital and reserves
Called up share capital 100 100
Profit and loss account 28,147 67,579
Shareholders' funds 28,247 67,679
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The directors report and profit and loss account have not been filed.
S.Gamwell
Director
Approved by the board on 7 October 2023
NANO GAS SERVICES LIMITED
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, Section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% on Reducing Balance
Motor Vehicles 25% on Reducing Balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 3
3 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 February 2022 15,929 17,990 33,919
Additions 499 - 499
At 31 January 2023 16,428 17,990 34,418
Depreciation
At 1 February 2022 13,194 3,000 16,194
Charge for the year 931 2,990 3,921
At 31 January 2023 14,125 5,990 20,115
Net book value
At 31 January 2023 2,303 12,000 14,303
At 31 January 2022 2,735 14,990 17,725
4 Debtors 2023 2022
£ £
Trade debtors 16,692 41,114
Other debtors 19,700 15,262
36,392 56,376
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 27,765 32,617
Other taxes and social security costs - -
Other creditors 11,490 1,382
39,255 33,999
6 Controlling party
The company in under the control of S.Gamwell.
7 Other information
NANO GAS SERVICES LIMITED is a private company limited by shares and incorporated in England. Its registered office is 36 Nightingale Lane, Coventry, CV5 6AY:
36 Nightingale Lane
Coventry
CV5 6AY
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