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REGISTERED NUMBER: 04075529 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 April 2023

for

NYA Service Centre Limited

NYA Service Centre Limited (Registered number: 04075529)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


NYA Service Centre Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: Mr J H Fraser





SECRETARY: Mrs D C Mirow





REGISTERED OFFICE: Riverside
Brundall
Norwich
Norfolk
NR13 5PW





REGISTERED NUMBER: 04075529 (England and Wales)





ACCOUNTANTS: Knights Lowe
Chartered Accountants
The Limes
32 Bridge Street
Thetford
Norfolk
IP24 3AG

NYA Service Centre Limited (Registered number: 04075529)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,693 43,098

CURRENT ASSETS
Stocks 20,620 31,171
Debtors 5 65,132 71,419
Cash at bank 5,807 57,773
91,559 160,363
CREDITORS
Amounts falling due within one year 6 79,446 79,493
NET CURRENT ASSETS 12,113 80,870
TOTAL ASSETS LESS CURRENT LIABILITIES 61,806 123,968

CREDITORS
Amounts falling due after more than one year 7 (1,801 ) (5,158 )

PROVISIONS FOR LIABILITIES 9 - (3,840 )
NET ASSETS 60,005 114,970

CAPITAL AND RESERVES
Called up share capital 10 50,000 50,000
Retained earnings 10,005 64,970
SHAREHOLDERS' FUNDS 60,005 114,970

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

NYA Service Centre Limited (Registered number: 04075529)

Balance Sheet - continued
30 April 2023


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 20 October 2023 and were signed by:





Mr J H Fraser - Director


NYA Service Centre Limited (Registered number: 04075529)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

NYA Service Centre 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Office equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, and loans from banks or other related parties.

Basic financial instruments are measured at cost and are assessed at the end of each reporting period for objective evidence of impairment. if objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

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.

NYA Service Centre Limited (Registered number: 04075529)

Notes to the Financial Statements - continued
for the Year Ended 30 April 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
Assets acquired under hire purchase contracts are capitalised as tangible assets and depreciated over their expected useful lives. Obligations under such agreements are included in creditors net of any finance charge allocated to future periods.

Operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

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 NIL (2022 - 10 ).

NYA Service Centre Limited (Registered number: 04075529)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 197,673
Additions 26,705
Disposals (33,352 )
At 30 April 2023 191,026
DEPRECIATION
At 1 May 2022 154,575
Charge for year 9,631
Eliminated on disposal (22,873 )
At 30 April 2023 141,333
NET BOOK VALUE
At 30 April 2023 49,693
At 30 April 2022 43,098

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2022
and 30 April 2023 15,621
DEPRECIATION
At 1 May 2022 2,929
Charge for year 3,173
At 30 April 2023 6,102
NET BOOK VALUE
At 30 April 2023 9,519
At 30 April 2022 12,692

NYA Service Centre Limited (Registered number: 04075529)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 28,951 39,355
Other debtors 36,181 32,064
65,132 71,419

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 5,306 7,107
Trade creditors 35,557 38,334
Taxation and social security 32,947 27,000
Other creditors 5,636 7,052
79,446 79,493

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 1,801 5,158

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 7,107 12,265

The hire purchase contracts are secured on the associated assets. The bank overdraft facility is secured by a fixed and floating charge over the assets of the company.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances - 3,840

Deferred
tax
£   
Balance at 1 May 2022 3,840
Balance at 30 April 2023 3,840

NYA Service Centre Limited (Registered number: 04075529)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50,000 Ordinary shares £1 50,000 50,000