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REGISTERED NUMBER: 07803556 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

NASHCO SYSTEMS LIMITED

NASHCO SYSTEMS LIMITED (REGISTERED NUMBER: 07803556)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


NASHCO SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: G A Nash





REGISTERED OFFICE: 444 Pinhoe Road
Exeter
Devon
EX4 8EW





REGISTERED NUMBER: 07803556 (England and Wales)





ACCOUNTANTS: Sheppard Rockey & Williams Ltd
Sannerville Chase
Exminster
Exeter
Devon
EX6 8AT

NASHCO SYSTEMS LIMITED (REGISTERED NUMBER: 07803556)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 171 6,738

CURRENT ASSETS
Stocks 9,500 6,549
Debtors 5 387,990 221,845
Cash at bank 191,358 182,124
588,848 410,518
CREDITORS
Amounts falling due within one year 6 129,658 103,298
NET CURRENT ASSETS 459,190 307,220
TOTAL ASSETS LESS CURRENT
LIABILITIES

459,361

313,958

CREDITORS
Amounts falling due after more than one
year

7

(16,520

)

(26,616

)

PROVISIONS FOR LIABILITIES (39 ) (1,280 )
NET ASSETS 442,802 286,062

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 442,702 285,962
SHAREHOLDERS' FUNDS 442,802 286,062

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

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

The director acknowledges his 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.

NASHCO SYSTEMS LIMITED (REGISTERED NUMBER: 07803556)

BALANCE SHEET - continued
31 OCTOBER 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 director and authorised for issue on 11 March 2024 and were signed by:





G A Nash - Director


NASHCO SYSTEMS LIMITED (REGISTERED NUMBER: 07803556)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Nashco Systems 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

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 equipment - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

NASHCO SYSTEMS LIMITED (REGISTERED NUMBER: 07803556)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022
and 31 October 2023 395 25,700 1,873 27,968
DEPRECIATION
At 1 November 2022 187 19,275 1,768 21,230
Charge for year 37 6,425 105 6,567
At 31 October 2023 224 25,700 1,873 27,797
NET BOOK VALUE
At 31 October 2023 171 - - 171
At 31 October 2022 208 6,425 105 6,738

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 291,974 166,903
Other debtors 96,016 54,942
387,990 221,845

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 43,344 40,196
Taxation and social security 73,707 50,762
Other creditors 12,607 12,340
129,658 103,298

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Other creditors 16,520 26,616

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary £1 100 100

NASHCO SYSTEMS LIMITED (REGISTERED NUMBER: 07803556)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
G A Nash
Balance outstanding at start of year 27,038 6,030
Amounts advanced 93,834 78,180
Amounts repaid (57,270 ) (57,172 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 63,602 27,038

The loan is unsecured and repayable on demand. Interest is charged at the official rate.