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REGISTERED NUMBER: 06822363 (England and Wales)











Financial Statements

for the Year Ended 28 February 2023

for

N-BUILD LIMITED

N-BUILD LIMITED (REGISTERED NUMBER: 06822363)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N-BUILD LIMITED

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Mrs C Nechelput





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 06822363 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

N-BUILD LIMITED (REGISTERED NUMBER: 06822363)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,693 2,879

CURRENT ASSETS
Stocks 5 117,450 132,500
Debtors 6 - 6,297
117,450 138,797
CREDITORS
Amounts falling due within one year 7 168,623 128,566
NET CURRENT (LIABILITIES)/ASSETS (51,173 ) 10,231
TOTAL ASSETS LESS CURRENT
LIABILITIES

(36,480

)

13,110

CREDITORS
Amounts falling due after more than one year 8 125,104 185,964
NET LIABILITIES (161,584 ) (172,854 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (161,684 ) (172,954 )
SHAREHOLDERS' FUNDS (161,584 ) (172,854 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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-BUILD LIMITED (REGISTERED NUMBER: 06822363)

Balance Sheet - continued
28 February 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 27 November 2023 and were signed by:





Mrs C Nechelput - Director


N-BUILD LIMITED (REGISTERED NUMBER: 06822363)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

N-Build 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 represents net invoiced sales of services, excluding value added tax.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

N-BUILD LIMITED (REGISTERED NUMBER: 06822363)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2022 1,285 3,031 12,700 17,016
Additions - - 16,000 16,000
Disposals - - (8,000 ) (8,000 )
At 28 February 2023 1,285 3,031 20,700 25,016
DEPRECIATION
At 1 March 2022 1,232 2,389 10,516 14,137
Charge for year 13 160 2,945 3,118
Eliminated on disposal - - (6,932 ) (6,932 )
At 28 February 2023 1,245 2,549 6,529 10,323
NET BOOK VALUE
At 28 February 2023 40 482 14,171 14,693
At 28 February 2022 53 642 2,184 2,879

5. STOCKS
28.2.23 28.2.22
£    £   
Work-in-progress 117,450 132,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors - 6,297

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts (see note 9) 49,333 47,022
Other loans (see note 9) 34,824 7,199
Trade creditors 50,868 51,638
Social security and other taxes 2,722 1,183
VAT 4,585 7,091
Other creditors 13,386 12,458
Directors' current accounts 12,905 1,975
168,623 128,566

N-BUILD LIMITED (REGISTERED NUMBER: 06822363)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans (see note 9) 5,491 9,581
Other loans (see note 9) 53,041 92,811
Other creditors 66,572 83,572
125,104 185,964

9. LOANS

An analysis of the maturity of loans is given below:

28.2.23 28.2.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 47,416 47,022
Bank loans 1,917 -
Other loans 34,824 7,199
84,157 54,221

Amounts falling due between one and two years:
Bank loans - 1-2 years 2,059 -
Other loans - 1-2 years 32,788 9,259
34,847 9,259

Amounts falling due between two and five years:
Bank loans - 2-5 years 3,432 9,581
Other loans - 2-5 years 20,253 83,552
23,685 93,133

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
90 Ordinary A £1 90 90
10 Ordinary B £1 10 10
100 100

11. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in creditors due within one year was £12,905 (2022: £1,975) due and payable to the director. The amount is interest free and repayable on demand

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs C Nechelput.