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REGISTERED NUMBER: 11461920 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

NS Financial (Teesside) Limited

NS Financial (Teesside) Limited (Registered number: 11461920)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NS Financial (Teesside) Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: N K Steel





REGISTERED OFFICE: Queens Court Business Centre
Middlesbrough
TS1 5EH





REGISTERED NUMBER: 11461920 (England and Wales)





ACCOUNTANTS: APC Accountancy
Chartered Accountants
Queens Court Business Centre
Newport Road
Middlesbrough
TS1 5EH

NS Financial (Teesside) Limited (Registered number: 11461920)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £   
CURRENT ASSETS
Debtors 4 44,302 63,340
Cash at bank and in hand 3,164 4,867
47,466 68,207
CREDITORS
Amounts falling due within one year 5 36,214 51,082
NET CURRENT ASSETS 11,252 17,125
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,252

17,125

CREDITORS
Amounts falling due after more than one
year

6

11,000

17,000
NET ASSETS 252 125

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 152 25
252 125

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 15 November 2023 and were signed by:




N K Steel - Director


NS Financial (Teesside) Limited (Registered number: 11461920)

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

1. STATUTORY INFORMATION

NS Financial (Teesside) 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.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual
provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 44,302 63,340

NS Financial (Teesside) Limited (Registered number: 11461920)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 6,000 6,000
Taxation and social security 29,404 43,582
Other creditors 810 1,500
36,214 51,082

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 11,000 17,000

7. RELATED PARTY DISCLOSURES

As at the 31st July 2023 the director owed the company £33,435 (2022: £47,804)

N Steel is also a director of NS (NE) Properties Ltd and Bespoke Financial Health Limited.

As of 31st July 2023 there was Nil balance between both companies.

8. ULTIMATE CONTROLLING PARTY

The controlling party is N K Steel.