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REGISTERED NUMBER: 01568932 (England and Wales)














NASSRIVER LIMITED

Unaudited Financial Statements

for the Year Ended 31 May 2023






NASSRIVER LIMITED (REGISTERED NUMBER: 01568932)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NASSRIVER LIMITED

Company Information
for the Year Ended 31 May 2023







DIRECTOR: M J Jessop





REGISTERED OFFICE: Ten Acre Cafe
Top Road
Osgodby Moor
Market Rasen
Lincolnshire
LN8 3TG





REGISTERED NUMBER: 01568932 (England and Wales)






NASSRIVER LIMITED (REGISTERED NUMBER: 01568932)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 106,499 113,631
106,499 113,631

CURRENT ASSETS
Stocks 203 193
Debtors 6 11,703 30,660
Cash at bank and in hand 13,083 6,688
24,989 37,541
CREDITORS
Amounts falling due within one year 7 77,221 90,378
NET CURRENT LIABILITIES (52,232 ) (52,837 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,267

60,794

CREDITORS
Amounts falling due after more than one
year

8

(17,581

)

(30,073

)

PROVISIONS FOR LIABILITIES (19,483 ) (19,128 )
NET ASSETS 17,203 11,593

NASSRIVER LIMITED (REGISTERED NUMBER: 01568932)

Balance Sheet - continued
31 May 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 12,203 6,593
SHAREHOLDERS' FUNDS 17,203 11,593

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 1 November 2023 and were signed by:





M J Jessop - Director


NASSRIVER LIMITED (REGISTERED NUMBER: 01568932)

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

1. STATUTORY INFORMATION

Nassriver 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 at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, 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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance and 15% 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 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.


NASSRIVER LIMITED (REGISTERED NUMBER: 01568932)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 2,626
AMORTISATION
At 1 June 2022
and 31 May 2023 2,626
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

NASSRIVER LIMITED (REGISTERED NUMBER: 01568932)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2022 61,230 115,586 176,816
Additions - 15,500 15,500
Disposals - (18,000 ) (18,000 )
At 31 May 2023 61,230 113,086 174,316
DEPRECIATION
At 1 June 2022 22,945 40,240 63,185
Charge for year 725 11,519 12,244
Eliminated on disposal - (7,612 ) (7,612 )
At 31 May 2023 23,670 44,147 67,817
NET BOOK VALUE
At 31 May 2023 37,560 68,939 106,499
At 31 May 2022 38,285 75,346 113,631

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,703 30,660

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,000 6,000
Hire purchase contracts 6,492 7,028
Trade creditors 4,462 5,160
Taxation and social security 4,395 9,438
Other creditors 55,872 62,752
77,221 90,378

NASSRIVER LIMITED (REGISTERED NUMBER: 01568932)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 12,500 18,500
Hire purchase contracts 5,081 11,573
17,581 30,073