Company Registration No. 05994261 (England and Wales)
NDS Electrical Services Limited
Unaudited accounts
for the year ended 30 November 2023
NDS Electrical Services Limited
Unaudited accounts
Contents
NDS Electrical Services Limited
Company Information
for the year ended 30 November 2023
Company Number
05994261 (England and Wales)
Registered Office
4 Saunders Mews
Southsea
England
PO4 9XZ
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
NDS Electrical Services Limited
Statement of financial position
as at 30 November 2023
Tangible assets
5,753
7,670
Cash at bank and in hand
1
4,164
Creditors: amounts falling due within one year
(23,347)
(23,103)
Net current assets/(liabilities)
2,336
(5,261)
Called up share capital
400
400
Profit and loss account
7,689
2,009
Shareholders' funds
8,089
2,409
For the year ending 30 November 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 directors acknowledge their 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 of Directors and authorised for issue on 9 February 2024 and were signed on its behalf by
J Sandy
Director
Company Registration No. 05994261
NDS Electrical Services Limited
Notes to the Accounts
for the year ended 30 November 2023
NDS Electrical Services Limited is a private company, limited by shares, registered in England and Wales, registration number 05994261. The registered office is 4 Saunders Mews, Southsea, England, PO4 9XZ .
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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
- 25% on reducing balance
Motor vehicles
- 25% on reducing balance
Fixtures & fittings
- 25% on reducing balance
Computer equipment
- 25% on reducing balance
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
NDS Electrical Services Limited
Notes to the Accounts
for the year ended 30 November 2023
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2022
7,066
18,205
1,791
11,755
38,817
At 30 November 2023
7,066
18,205
1,791
11,755
38,817
At 1 December 2022
6,972
12,444
1,538
10,193
31,147
Charge for the year
23
1,440
64
390
1,917
At 30 November 2023
6,995
13,884
1,602
10,583
33,064
At 30 November 2023
71
4,321
189
1,172
5,753
At 30 November 2022
94
5,761
253
1,562
7,670
Amounts falling due within one year
Trade debtors
17,330
7,473
Accrued income and prepayments
1,217
1,205
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,836
5,762
Obligations under finance leases and hire purchase contracts
-
7,641
Trade creditors
2,632
1,638
Taxes and social security
232
(1,292)
Other creditors
1,032
2,082
Loans from directors
8,302
1,642
NDS Electrical Services Limited
Notes to the Accounts
for the year ended 30 November 2023
Allotted, called up and fully paid:
150 Ordinary shares (2015 - 200) of £1 each
150
150
150 A Ordinary shares of £1 each
150
150
100 B Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Current Account
(821)
(3,330)
-
(4,151)
Director Current Account
(821)
(3,330)
-
(4,151)
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Average number of employees
During the year the average number of employees was 2 (2022: 2).