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REGISTERED NUMBER: 07905581 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

NSC Trading Limited

NSC Trading Limited (Registered number: 07905581)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NSC Trading Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: R O Bansal
N Bansal





REGISTERED OFFICE: Flat 12
105 Wise Road
Stratford
London
E15 2FN





REGISTERED NUMBER: 07905581 (England and Wales)





ACCOUNTANT: Deb & Cre
Chartered Certified Accountant
64 Closemead Close
Northwood
London
HA6 2RZ

NSC Trading Limited (Registered number: 07905581)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,745 19,660
Tangible assets 5 11,222 16,156
25,967 35,816

CURRENT ASSETS
Stocks 56,950 43,750
Debtors 6 11,039 14,129
Cash at bank and in hand 19,253 17,049
87,242 74,928
CREDITORS
Amounts falling due within one year 7 171,497 195,238
NET CURRENT LIABILITIES (84,255 ) (120,310 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(58,288

)

(84,494

)

NSC Trading Limited (Registered number: 07905581)

Balance Sheet - continued
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (58,388 ) (84,594 )
SHAREHOLDERS' FUNDS (58,288 ) (84,494 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

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 Board of Directors and authorised for issue on 25 September 2023 and were signed on its behalf by:





N Bansal - Director


NSC Trading Limited (Registered number: 07905581)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

NSC Trading 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 as 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

NSC Trading Limited (Registered number: 07905581)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the costs of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.
Depreciation is provided on the following basis:

Plant and Machinery - 25% on cost

The asset's residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit and loss.

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.


NSC Trading Limited (Registered number: 07905581)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

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.

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.

Going concern
The total current liabilities exceeds the total current assets of the company as at 31st Jan 2023. The director has confirmed that the company will have continuous support from the creditors. It is on this basis Accounts have been prepared on the going concern basis.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

NSC Trading Limited (Registered number: 07905581)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 98,300
AMORTISATION
At 1 February 2022 78,640
Charge for year 4,915
At 31 January 2023 83,555
NET BOOK VALUE
At 31 January 2023 14,745
At 31 January 2022 19,660

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022
and 31 January 2023 28,570
DEPRECIATION
At 1 February 2022 12,414
Charge for year 4,934
At 31 January 2023 17,348
NET BOOK VALUE
At 31 January 2023 11,222
At 31 January 2022 16,156

NSC Trading Limited (Registered number: 07905581)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.1.23 31.1.22
£    £   
Trade debtors 764 3,854
Other debtors 10,275 10,275
11,039 14,129

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.1.23 31.1.22
£    £   
Trade creditors 4,253 3,055
Taxation and social security 2,195 3,490
Other creditors 165,049 188,693
171,497 195,238

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the suture payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less and impairment.