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REGISTERED NUMBER: 04734747 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

NIA-CON LIMITED

NIA-CON LIMITED (REGISTERED NUMBER: 04734747)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NIA-CON LIMITED

COMPANY INFORMATION
for the year ended 31 May 2023







DIRECTORS: G Rankin
S Bateman
P Mawson





SECRETARY: Mrs K Rankin





REGISTERED OFFICE: First Floor Well House Mill
Main Street
Wilsden
Bradford
West Yorkshire
BD15 0JW





REGISTERED NUMBER: 04734747 (England and Wales)





ACCOUNTANTS: Baty Casson Long
6 Lascelles Road
Harrogate
HG2 0LA

NIA-CON LIMITED (REGISTERED NUMBER: 04734747)

BALANCE SHEET
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 104,387 102,076

CURRENT ASSETS
Stocks 24,597 15,500
Debtors 5 222,572 185,790
Prepayments and accrued income 9,509 9,070
Cash at bank and in hand 113,436 136,051
370,114 346,411
CREDITORS
Amounts falling due within one year 6 229,065 192,478
NET CURRENT ASSETS 141,049 153,933
TOTAL ASSETS LESS CURRENT
LIABILITIES

245,436

256,009

CREDITORS
Amounts falling due after more than one
year

7

(30,323

)

(28,041

)

PROVISIONS FOR LIABILITIES (19,780 ) (19,329 )
NET ASSETS 195,333 208,639

CAPITAL AND RESERVES
Called up share capital 9 120 120
Retained earnings 10 195,213 208,519
SHAREHOLDERS' FUNDS 195,333 208,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

NIA-CON LIMITED (REGISTERED NUMBER: 04734747)

BALANCE SHEET - continued
31 May 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 Board of Directors and authorised for issue on 3 November 2023 and were signed on its behalf by:





G Rankin - Director


NIA-CON LIMITED (REGISTERED NUMBER: 04734747)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2023

1. STATUTORY INFORMATION

Nia-Con 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 15% on cost
Computer equipment - 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Work in progress is valued at selling price on a part completed basis.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

NIA-CON LIMITED (REGISTERED NUMBER: 04734747)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 96,003 8,452 154,206 8,181 266,842
Additions 1,191 - 23,192 1,266 25,649
Disposals - - (21,990 ) - (21,990 )
At 31 May 2023 97,194 8,452 155,408 9,447 270,501
DEPRECIATION
At 1 June 2022 92,533 8,151 56,174 7,908 164,766
Charge for year 583 122 17,551 327 18,583
Eliminated on disposal - - (17,235 ) - (17,235 )
At 31 May 2023 93,116 8,273 56,490 8,235 166,114
NET BOOK VALUE
At 31 May 2023 4,078 179 98,918 1,212 104,387
At 31 May 2022 3,470 301 98,032 273 102,076

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 222,572 185,790

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Hire purchase contracts (see note 8) 17,329 16,940
Trade creditors 113,156 95,278
Tax 23,047 24,029
Social security and other taxes 14,431 16,380
VAT 37,600 26,810
Directors' loan accounts 8,744 3,962
Accruals and deferred income 14,758 9,079
229,065 192,478

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Hire purchase contracts (see note 8) 30,323 28,041

NIA-CON LIMITED (REGISTERED NUMBER: 04734747)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

Hire purchase liabilities of £47,652 are secured over the assets provided.

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.5.23 31.5.22
£    £   
Net obligations repayable:
Within one year 17,329 16,940
Between one and five years 30,323 28,041
47,652 44,981

Non-cancellable operating leases
31.5.23 31.5.22
£    £   
Within one year 3,120 3,000

The company occupies its office and warehouse property on a rolling annual lease at an annual rental of £3,120.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
120 Ordinary £1 120 120

10. RESERVES
Retained
earnings
£   

At 1 June 2022 208,519
Profit for the year 121,694
Dividends (135,000 )
At 31 May 2023 195,213

11. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.