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REGISTERED NUMBER: 04582740 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

NLC TRANSPORT LIMITED

NLC TRANSPORT LIMITED (REGISTERED NUMBER: 04582740)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


NLC TRANSPORT LIMITED (REGISTERED NUMBER: 04582740)

ABRIDGED BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 105,322 139,035
Investments 6 25,000 25,000
130,322 164,035

CURRENT ASSETS
Debtors 7 1,018,961 938,849
Cash at bank and in hand 77,000 66,379
1,095,961 1,005,228
CREDITORS
Amounts falling due within one year 826,874 782,848
NET CURRENT ASSETS 269,087 222,380
TOTAL ASSETS LESS CURRENT
LIABILITIES

399,409

386,415

CREDITORS
Amounts falling due after more than one year (100,034 ) (158,708 )

PROVISIONS FOR LIABILITIES (13,636 ) (19,625 )
NET ASSETS 285,739 208,082

CAPITAL AND RESERVES
Called up share capital 9 201 201
Share premium 5,938 5,938
Capital redemption reserve 67 67
Retained earnings 279,533 201,876
SHAREHOLDERS' FUNDS 285,739 208,082

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

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 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.

NLC TRANSPORT LIMITED (REGISTERED NUMBER: 04582740)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue by the Board of Directors and authorised for issue on 21 September 2023 and were signed on its behalf by:




K Magill - Director



I Nicholson - Director


NLC TRANSPORT LIMITED (REGISTERED NUMBER: 04582740)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

NLC Transport Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04582740

Registered office: Unit 3 Warrington South Business Park
Lyncastle Road
Appleton Thorn
Warrington
Cheshire
WA4 4SN

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 represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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.


NLC TRANSPORT LIMITED (REGISTERED NUMBER: 04582740)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 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.

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.

Factored debts
NLC Transport Limited has entered into a factoring agreement. Advances are made to NLC Transport Limited by the factoring company in respect of 90% of the debt assigned. The balance relating to the factoring company is reflected within other creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2022 - 37 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 15,000
AMORTISATION
At 1 April 2022
and 31 March 2023 15,000
NET BOOK VALUE

At 31 March 2023 -
At 31 March 2022 -

NLC TRANSPORT LIMITED (REGISTERED NUMBER: 04582740)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 526,233
DEPRECIATION
At 1 April 2022 387,198
Charge for year 33,713
At 31 March 2023 420,911
NET BOOK VALUE
At 31 March 2023 105,322
At 31 March 2022 139,035

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2022
and 31 March 2023 25,000
NET BOOK VALUE
At 31 March 2023 25,000
At 31 March 2022 25,000

7. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other debtors 25,000 25,000

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 53,151 91,234
Other creditors 352,157 342,003
405,308 433,237

The hire purchase liability is secured against the assets to which it relates and the other creditors are secured by way of a first charge against all specified debts and a floating charge over the assets.

NLC TRANSPORT LIMITED (REGISTERED NUMBER: 04582740)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
198 Ordinary £1 198 198
1 A Ordinary £1 1 1
1 B Ordinary £1 1 1
1 D Ordinary £1 1 1
201 201

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
K Magill
Balance outstanding at start of year 11,981 9,801
Amounts advanced - 4,180
Amounts repaid - (2,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,981 11,981

I Nicholson
Balance outstanding at start of year 17,180 -
Amounts advanced 180 19,180
Amounts repaid - (2,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,360 17,180

The loan is interest free and has no fixed date of repayment.