NUGENT COACHWORKS LIMITED

Company Registration Number:
NI059279 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

NUGENT COACHWORKS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

NUGENT COACHWORKS LIMITED

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 376,783 387,727
Total fixed assets: 376,783 387,727
Current assets
Stocks: 895,617 745,210
Debtors:   355,581 317,963
Cash at bank and in hand: 49,753 66,927
Total current assets: 1,300,951 1,130,100
Creditors: amounts falling due within one year:   (1,247,832) (1,075,623)
Net current assets (liabilities): 53,119 54,477
Total assets less current liabilities: 429,902 442,204
Creditors: amounts falling due after more than one year:   (52,615) (79,700)
Total net assets (liabilities): 377,287 362,504
Capital and reserves
Called up share capital: 400 12
Profit and loss account: 376,887 362,492
Shareholders funds: 377,287 362,504

The notes form part of these financial statements

NUGENT COACHWORKS LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 22 November 2023
and signed on behalf of the board by:

Name: Shane Nugent
Status: Director

The notes form part of these financial statements

NUGENT COACHWORKS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

NUGENT COACHWORKS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 49 33

NUGENT COACHWORKS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible Assets

Total
Cost £
At 01 April 2022 551,601
Additions 135,018
Disposals (141,000)
At 31 March 2023 545,619
Depreciation
At 01 April 2022 163,874
Charge for year 47,712
On disposals (42,750)
At 31 March 2023 168,836
Net book value
At 31 March 2023 376,783
At 31 March 2022 387,727