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REGISTERED NUMBER: 01780731 (England and Wales)















Unaudited Financial Statements

for the Period 1 May 2022 to 31 January 2023

for

N C B Marking Equipment Limited

N C B Marking Equipment Limited (Registered number: 01780731)






Contents of the Financial Statements
for the Period 1 May 2022 to 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N C B Marking Equipment Limited

Company Information
for the Period 1 May 2022 to 31 January 2023







DIRECTORS: N C Bowers
C W Bowers





REGISTERED OFFICE: Brook Office
Evesbatch
Worcester
WR6 5BE





REGISTERED NUMBER: 01780731 (England and Wales)






N C B Marking Equipment Limited (Registered number: 01780731)

Balance Sheet
31 January 2023

31.1.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,420 10,970
Investment property 5 141,233 141,233
144,653 152,203

CURRENT ASSETS
Stocks 6 78,839 56,390
Debtors 7 274,901 363,254
Cash at bank 134,693 93,245
488,433 512,889
CREDITORS
Amounts falling due within one year 8 322,553 347,199
NET CURRENT ASSETS 165,880 165,690
TOTAL ASSETS LESS CURRENT
LIABILITIES

310,533

317,893

CREDITORS
Amounts falling due after more than
one year

9

30,085

37,500
NET ASSETS 280,448 280,393

CAPITAL AND RESERVES
Called up share capital 11 1,100 1,100
Retained earnings 12 279,348 279,293
SHAREHOLDERS' FUNDS 280,448 280,393

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 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.

N C B Marking Equipment Limited (Registered number: 01780731)

Balance Sheet - continued
31 January 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 Board of Directors and authorised for issue on 14 September 2023 and were signed on its behalf by:





N C Bowers - Director


N C B Marking Equipment Limited (Registered number: 01780731)

Notes to the Financial Statements
for the Period 1 May 2022 to 31 January 2023

1. STATUTORY INFORMATION

N C B Marking Equipment 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.

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 - at varying rates on cost
Motor vehicles - at varying rates on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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.


N C B Marking Equipment Limited (Registered number: 01780731)

Notes to the Financial Statements - continued
for the Period 1 May 2022 to 31 January 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 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2022 189,943 39,050 228,993
Disposals - (39,050 ) (39,050 )
At 31 January 2023 189,943 - 189,943
DEPRECIATION
At 1 May 2022 185,023 33,000 218,023
Charge for period 1,500 1,350 2,850
Eliminated on disposal - (34,350 ) (34,350 )
At 31 January 2023 186,523 - 186,523
NET BOOK VALUE
At 31 January 2023 3,420 - 3,420
At 30 April 2022 4,920 6,050 10,970

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022
and 31 January 2023 141,233
NET BOOK VALUE
At 31 January 2023 141,233
At 30 April 2022 141,233

N C B Marking Equipment Limited (Registered number: 01780731)

Notes to the Financial Statements - continued
for the Period 1 May 2022 to 31 January 2023

5. INVESTMENT PROPERTY - continued

The property was acquired at a cost of £141,233. The directors consider that there is no significant change in value to the period end at 31 January 2023.

6. STOCKS
31.1.23 30.4.22
£    £   
Stocks 78,839 56,390

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 30.4.22
£    £   
Trade debtors 129,587 219,915
Related company loan 140,000 140,000
Prepayments 5,314 3,339
274,901 363,254

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 30.4.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 129,164 148,364
Tax 19,074 58,195
Social security and other taxes 1,989 4,863
VAT 15,062 9,068
Related company loan 101,176 113,320
Directors' current accounts 38,669 -
Accruals and deferred income 7,419 3,389
322,553 347,199

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.23 30.4.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 20,085 27,500
30,085 37,500

10. SECURED DEBTS

Barclays Bank Plc. overdraft is secured by a debenture charge over the company's assets.

N C B Marking Equipment Limited (Registered number: 01780731)

Notes to the Financial Statements - continued
for the Period 1 May 2022 to 31 January 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 30.4.22
value: £    £   
1,100 Ordinary £1 1,100 1,100

12. RESERVES
Retained
earnings
£   

At 1 May 2022 279,293
Profit for the period 77,771
Dividends (77,716 )
At 31 January 2023 279,348

13. RELATED PARTY DISCLOSURES

During the period, total dividends of £39,943 (2022 - £150) were paid to the directors .

At the period end the company owed £101,176 (2022 : £113,320) to Padtec Limited, a company to which Mr NC Bowers and CW Bowers are directors. During the period the company was charged £54,000 management charge and £31,380 of sales commissions from Padtec Limited.

The company has a loan of £140,000 (2022 : £140,000) due from Aresco Developments Ltd, a company to which Mr NC Bowers and CW Bowers are directors.