2022-03-01 2023-02-28 false No description of principal activity Capium Accounts Production 1.1 10634226 bus:AbridgedAccounts 2022-03-01 2023-02-28 10634226 bus:FRS102 2022-03-01 2023-02-28 10634226 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 10634226 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 10634226 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 10634226 2022-03-01 2023-02-28 10634226 2023-02-28 10634226 bus:RegisteredOffice 2022-03-01 2023-02-28 10634226 core:WithinOneYear 2023-02-28 10634226 core:AfterOneYear 2023-02-28 10634226 bus:Director1 2022-03-01 2023-02-28 10634226 bus:Director1 2023-02-28 10634226 bus:Director1 2021-03-01 2022-02-28 10634226 2021-03-01 10634226 bus:CompanySecretary1 2022-03-01 2023-02-28 10634226 bus:LeadAgentIfApplicable 2022-03-01 2023-02-28 10634226 2021-03-01 2022-02-28 10634226 2022-02-28 10634226 core:WithinOneYear 2022-02-28 10634226 core:AfterOneYear 2022-02-28 10634226 bus:EntityAccountantsOrAuditors 2021-03-01 2022-02-28 10634226 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 10634226 bus:OrdinaryShareClass1 2023-02-28 10634226 bus:OrdinaryShareClass1 2021-03-01 2022-02-28 10634226 bus:OrdinaryShareClass1 2022-02-28 10634226 bus:OrdinaryShareClass2 2022-03-01 2023-02-28 10634226 bus:OrdinaryShareClass2 2023-02-28 10634226 bus:OrdinaryShareClass2 2021-03-01 2022-02-28 10634226 bus:OrdinaryShareClass2 2022-02-28 10634226 bus:OrdinaryShareClass3 2022-03-01 2023-02-28 10634226 bus:OrdinaryShareClass3 2023-02-28 10634226 bus:OrdinaryShareClass3 2021-03-01 2022-02-28 10634226 bus:OrdinaryShareClass3 2022-02-28 10634226 bus:OrdinaryShareClass4 2022-03-01 2023-02-28 10634226 bus:OrdinaryShareClass4 2023-02-28 10634226 bus:OrdinaryShareClass4 2021-03-01 2022-02-28 10634226 bus:OrdinaryShareClass4 2022-02-28 10634226 core:PlantMachinery 2022-03-01 2023-02-28 10634226 core:PlantMachinery 2023-02-28 10634226 core:PlantMachinery 2022-02-28 10634226 core:ComputerEquipment 2022-03-01 2023-02-28 10634226 core:ComputerEquipment 2023-02-28 10634226 core:ComputerEquipment 2022-02-28 10634226 core:MotorCars 2022-03-01 2023-02-28 10634226 core:MotorCars 2023-02-28 10634226 core:MotorCars 2022-02-28 10634226 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-02-28 10634226 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-02-28 10634226 core:CostValuation core:Non-currentFinancialInstruments 2023-02-28 10634226 core:CostValuation core:Non-currentFinancialInstruments 2022-02-28 10634226 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-02-28 10634226 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-02-28 10634226 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-02-28 10634226 core:Non-currentFinancialInstruments 2023-02-28 10634226 core:Non-currentFinancialInstruments 2022-02-28 10634226 core:ShareCapital 2023-02-28 10634226 core:ShareCapital 2022-02-28 10634226 core:RetainedEarningsAccumulatedLosses 2023-02-28 10634226 core:RetainedEarningsAccumulatedLosses 2022-02-28 10634226 dpl:Item1 2022-03-01 10634226 dpl:Item1 2023-02-28 10634226 dpl:Item1 2021-03-01 10634226 dpl:Item1 2022-02-28 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 10634226
England and Wales

 

 

 

NADACH PROPERTY SERVICES LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 March 2022

End date: 28 February 2023
Report to the directors on the preparation of the unaudited statutory accounts of NADACH Property Services Limited for the year ended 28 February 2023. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of NADACH Property Services Limited for the year ended 28 February 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/. This report is made solely to the Board of Directors of NADACH Property Services Limited, as a body, in accordance with the terms of our engagement letter dated 18 December 2019. Our work has been undertaken solely to prepare for your approval the accounts of NADACH Property Services Limited and state those matters that we have agreed to state to the Board of Directors of NADACH Property Services Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NADACH Property Services Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that NADACH Property Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of NADACH Property Services Limited. You consider that NADACH Property Services Limited is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of NADACH Property Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts for the year ended 28 February 2023.



....................................................
Baranov Associates Ltd
4 Academy Close
Kirkby Stephen
Cumbria
CA17 4JG
09 November 2023
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 136,804    75,683 
136,804    75,683 
Current assets      
Stocks 1,000    1,000 
Debtors 727,719    722,538 
Cash at bank and in hand 57,325    105,649 
786,044    829,187 
Creditors: amount falling due within one year (610,677)   (680,921)
Net current assets 175,367    148,266 
 
Total assets less current liabilities 312,171    223,949 
Creditors: amount falling due after more than one year (64,498)   (47,020)
Provisions for liabilities (21,617)   (14,380)
Net assets 226,056    162,549 
 

Capital and reserves
     
Called up share capital 4 60    60 
Profit and loss account 225,996    162,489 
Shareholder's funds 226,056    162,549 
 


For the year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with Section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 09 November 2023 and were signed on its behalf by:


-------------------------------
Nathan Daniels
Director
2
General Information
NADACH Property Services Limited is a private company, limited by shares, registered in England and Wales, registration number 10634226, registration address Unit 1, Oak Bank, Bolesworth Road, Tattenhall, Chester, CH3 9HL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 25% Reducing Balance
Plant and Machinery 33% Straight Line
Computer Equipment 33% Straight Line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees


Average number of employees during the year was 39 (2022 : 27).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Motor Vehicles   Total
  £   £   £   £
At 01 March 2022 17,525    9,787    117,735    145,047 
Additions 10,827    3,031    102,500    116,358 
Disposals      
At 28 February 2023 28,352    12,818    220,235    261,405 
Depreciation
At 01 March 2022 9,925    6,489    52,950    69,364 
Charge for year 10,094    3,322    41,821    55,237 
On disposals      
At 28 February 2023 20,019    9,811    94,771    124,601 
Net book values
Closing balance as at 28 February 2023 8,333    3,007    125,464    136,804 
Opening balance as at 01 March 2022 7,600    3,298    64,785    75,683 

The net book value of Motor Vehicles includes £ 125,464 (2022 £64,785) in respect of assets leased under finance leases or hire purchase contracts.

4.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
15 Ordinary A shares of £1.00 each 15    15 
15 Ordinary B shares of £1.00 each 15    15 
15 Ordinary C shares of £1.00 each 15    15 
15 Ordinary D shares of £1.00 each 15    15 
60    60 

5.

Advances and Credits



N Daniels
During the year the company advanced funds to Mr Daniels, a director, these funds were advanced with no fixed date for repayment, Interest is being charged at the beneficial loan interest rate on this advance.

Current year (2023)
Brought Forward
£
Amount
£
Interest
£
Repaid
£
WrittenOff
£
Waived
£
Carry Forward
£
N Daniels21,000 165 8,853 12,312 
02100016588530012312
Previous year (2022)
Brought Forward
£
Amount
£
Interest
£
Repaid
£
WrittenOff
£
Waived
£
Carry Forward
£
N Daniels
0000000
3