Registered number
09415895
NOEL'S PROPERTY SERVICES LTD
Filleted Accounts
28 February 2023
NOEL'S PROPERTY SERVICES LTD
Registered number: 09415895
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 5,860 8,042
Current assets
Debtors 4 3,112 1,571
Cash at bank and in hand 71,465 62,133
74,577 63,704
Creditors: amounts falling due within one year 5 (25,335) (30,953)
Net current assets 49,242 32,751
Net assets 55,102 40,793
Capital and reserves
Called up share capital 100 100
Profit and loss account 55,002 40,693
Shareholders' funds 55,102 40,793
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Derril Noel
Director
Approved by the board on 28 November 2023
NOEL'S PROPERTY SERVICES LTD
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2022 9,328 13,679 23,007
Additions 499 - 499
At 28 February 2023 9,827 13,679 23,506
Depreciation
At 1 March 2022 6,539 8,426 14,965
Charge for the year 930 1,751 2,681
At 28 February 2023 7,469 10,177 17,646
Net book value
At 28 February 2023 2,358 3,502 5,860
At 28 February 2022 2,789 5,253 8,042
4 Debtors 2023 2022
£ £
Trade debtors 1,284 1,571
Other debtors 1,828 -
3,112 1,571
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 4,245 4,985
Taxation and social security costs 16,847 23,018
Other creditors 4,243 2,950
25,335 30,953
6 Other information
NOEL'S PROPERTY SERVICES LTD is a private company limited by shares and incorporated in England. Its registered office is:
23 Cookham Close
Southall
UB2 4PG
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