Company Registration No. 08901770 (England and Wales)
N.E.D. Resources Ltd
Unaudited accounts
for the year ended 28 February 2023
N.E.D. Resources Ltd
Unaudited accounts
Contents
N.E.D. Resources Ltd
Company Information
for the year ended 28 February 2023
Company Number
08901770 (England and Wales)
Registered Office
113 Coxtie Green Road
Brentwood
Essex
CM14 5PT
England
Accountants
Carmar Accountancy and Bookkeeping Ltd
801 London Road
Westcliff-on-Sea
Essex
SS0 9SY
N.E.D. Resources Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
53,147
70,337
Cash at bank and in hand
8,161
61,727
Creditors: amounts falling due within one year
2,852
(47,243)
Net current assets
11,278
14,749
Total assets less current liabilities
71,425
95,086
Creditors: amounts falling due after more than one year
(41,667)
(52,889)
Called up share capital
1,000
1,000
Profit and loss account
28,758
41,197
Shareholders' funds
29,758
42,197
For the year ending 28 February 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 November 2023 and were signed on its behalf by
Kevin Lee
Director
Company Registration No. 08901770
N.E.D. Resources Ltd
Notes to the Accounts
for the year ended 28 February 2023
N.E.D. Resources Ltd is a private company, limited by shares, registered in England and Wales, registration number 08901770. The registered office is 113 Coxtie Green Road, Brentwood, Essex, CM14 5PT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance Basis
Motor vehicles
25% Reducing Balance Basis
Fixtures & fittings
25% Reducing Balance Basis
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
6,830
69,476
19,055
95,361
At 28 February 2023
6,830
69,476
19,055
95,361
At 1 March 2022
2,892
17,369
4,763
25,024
Charge for the year
590
13,027
3,573
17,190
At 28 February 2023
3,482
30,396
8,336
42,214
At 28 February 2023
3,348
39,080
10,719
53,147
At 28 February 2022
3,938
52,107
14,292
70,337
N.E.D. Resources Ltd
Notes to the Accounts
for the year ended 28 February 2023
5
Investments
Other investments
Valuation at 1 March 2022
10,000
Fair value adjustments
(3,000)
Valuation at 28 February 2023
7,000
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
11,222
11,222
Taxes and social security
467
-
Other creditors
2,989
1,699
Loans from directors
(21,094)
30,758
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
41,667
52,889
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).