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REGISTERED NUMBER: 08719304 (England and Wales)



















NFDC LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD

1 NOVEMBER 2021 TO 30 OCTOBER 2022






NFDC LIMITED (REGISTERED NUMBER: 08719304)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2021 TO 30 OCTOBER 2022




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


NFDC LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 NOVEMBER 2021 TO 30 OCTOBER 2022







DIRECTORS: Mr E Gottesfeld
Dr J Schwab





SECRETARY: Mr M Gottesfeld





REGISTERED OFFICE: 2a Northfield Road
London
N16 5RN





REGISTERED NUMBER: 08719304 (England and Wales)





ACCOUNTANTS: Sugarwhite Meyer Accountants Ltd
First Floor
94 Stamford Hill
London
N16 6XS

NFDC LIMITED (REGISTERED NUMBER: 08719304)

BALANCE SHEET
30 OCTOBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 163,307 180,064

CURRENT ASSETS
Stocks 6 28,550 26,550
Debtors 7 69,632 25,945
Cash at bank 530 41,041
98,712 93,536
CREDITORS
Amounts falling due within one year 8 220,986 252,978
NET CURRENT LIABILITIES (122,274 ) (159,442 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,033

20,622

PROVISIONS FOR LIABILITIES 9 10,655 4,906
NET ASSETS 30,378 15,716

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 30,377 15,715
30,378 15,716

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 October 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 October 2022 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.

NFDC LIMITED (REGISTERED NUMBER: 08719304)

BALANCE SHEET - continued
30 OCTOBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2023 and were signed on its behalf by:





Mr E Gottesfeld - Director


NFDC LIMITED (REGISTERED NUMBER: 08719304)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2021 TO 30 OCTOBER 2022

1. STATUTORY INFORMATION

Nfdc 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance
Office equipment - 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 period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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.

NFDC LIMITED (REGISTERED NUMBER: 08719304)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2021 TO 30 OCTOBER 2022

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 11 (2021 - 8 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 November 2021 225,290 - 225,290
Additions - 1,666 1,666
At 30 October 2022 225,290 1,666 226,956
DEPRECIATION
At 1 November 2021 45,226 - 45,226
Charge for period 18,007 416 18,423
At 30 October 2022 63,233 416 63,649
NET BOOK VALUE
At 30 October 2022 162,057 1,250 163,307
At 31 October 2021 180,064 - 180,064

6. STOCKS
2022 2021
£    £   
Consumables & work in progress 28,550 26,550

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 28,858 25,945
Other debtors 40,774 -
69,632 25,945

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 36,070 64,487
Amounts owed to group undertakings 160,118 172,494
Taxation and social security 10,558 8,486
Other creditors 14,240 7,511
220,986 252,978

9. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 10,655 4,906

NFDC LIMITED (REGISTERED NUMBER: 08719304)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2021 TO 30 OCTOBER 2022

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2021 4,906
Provided during period 5,749
Balance at 30 October 2022 10,655

The provision for deferred tax is in respect of accelerated capital allowances, reduced by the availability of tax losses carried forward.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 October 2022 and the year ended 31 October 2021:

2022 2021
£    £   
Mr E Gottesfeld
Balance outstanding at start of period - -
Amounts advanced 27,089 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 27,089 -

The above director's loan was repaid in July 2023.

11. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Fountayne International Supplies Limited, a company incorporated in the United Kingdom.