2022-04-012023-03-312023-03-31falseSC591593NALMOND LTD2024-01-16iso4217:GBPxbrli:pureSC5915932022-04-01SC5915932023-03-31SC5915932022-04-012023-03-31SC5915932021-04-01SC5915932022-03-31SC5915932021-04-012022-03-31SC591593bus:SmallEntities2022-04-012023-03-31SC591593bus:AuditExempt-NoAccountantsReport2022-04-012023-03-31SC591593bus:FullAccounts2022-04-012023-03-31SC591593bus:PrivateLimitedCompanyLtd2022-04-012023-03-31SC591593core:WithinOneYear2023-03-31SC591593core:AfterOneYear2023-03-31SC591593core:WithinOneYear2022-03-31SC591593core:AfterOneYear2022-03-31SC591593core:ShareCapital2023-03-31SC591593core:SharePremium2023-03-31SC591593core:RevaluationReserve2023-03-31SC591593core:OtherReservesSubtotal2023-03-31SC591593core:RetainedEarningsAccumulatedLosses2023-03-31SC591593core:ShareCapital2022-03-31SC591593core:SharePremium2022-03-31SC591593core:RevaluationReserve2022-03-31SC591593core:OtherReservesSubtotal2022-03-31SC591593core:RetainedEarningsAccumulatedLosses2022-03-31SC591593core:LandBuildings2023-03-31SC591593core:PlantMachinery2023-03-31SC591593core:Vehicles2023-03-31SC591593core:FurnitureFittings2023-03-31SC591593core:OfficeEquipment2023-03-31SC591593core:NetGoodwill2023-03-31SC591593core:IntangibleAssetsOtherThanGoodwill2023-03-31SC591593core:ListedExchangeTraded2023-03-31SC591593core:UnlistedNon-exchangeTraded2023-03-31SC591593core:LandBuildings2022-03-31SC591593core:PlantMachinery2022-03-31SC591593core:Vehicles2022-03-31SC591593core:FurnitureFittings2022-03-31SC591593core:OfficeEquipment2022-03-31SC591593core:NetGoodwill2022-03-31SC591593core:IntangibleAssetsOtherThanGoodwill2022-03-31SC591593core:ListedExchangeTraded2022-03-31SC591593core:UnlistedNon-exchangeTraded2022-03-31SC591593core:LandBuildings2022-04-012023-03-31SC591593core:PlantMachinery2022-04-012023-03-31SC591593core:Vehicles2022-04-012023-03-31SC591593core:FurnitureFittings2022-04-012023-03-31SC591593core:OfficeEquipment2022-04-012023-03-31SC591593core:NetGoodwill2022-04-012023-03-31SC591593core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-31SC591593core:ListedExchangeTraded2022-04-012023-03-31SC591593core:UnlistedNon-exchangeTraded2022-04-012023-03-31SC591593core:MoreThanFiveYears2022-04-012023-03-31SC591593core:Non-currentFinancialInstruments2023-03-31SC591593core:Non-currentFinancialInstruments2022-03-31SC591593dpl:CostSales2022-04-012023-03-31SC591593dpl:DistributionCosts2022-04-012023-03-31SC591593core:LandBuildings2022-04-012023-03-31SC591593core:PlantMachinery2022-04-012023-03-31SC591593core:Vehicles2022-04-012023-03-31SC591593core:FurnitureFittings2022-04-012023-03-31SC591593core:OfficeEquipment2022-04-012023-03-31SC591593dpl:AdministrativeExpenses2022-04-012023-03-31SC591593core:NetGoodwill2022-04-012023-03-31SC591593core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-31SC591593dpl:GroupUndertakings2022-04-012023-03-31SC591593dpl:ParticipatingInterests2022-04-012023-03-31SC591593dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-31SC591593core:ListedExchangeTraded2022-04-012023-03-31SC591593dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-31SC591593core:UnlistedNon-exchangeTraded2022-04-012023-03-31SC591593dpl:CostSales2021-04-012022-03-31SC591593dpl:DistributionCosts2021-04-012022-03-31SC591593core:LandBuildings2021-04-012022-03-31SC591593core:PlantMachinery2021-04-012022-03-31SC591593core:Vehicles2021-04-012022-03-31SC591593core:FurnitureFittings2021-04-012022-03-31SC591593core:OfficeEquipment2021-04-012022-03-31SC591593dpl:AdministrativeExpenses2021-04-012022-03-31SC591593core:NetGoodwill2021-04-012022-03-31SC591593core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-31SC591593dpl:GroupUndertakings2021-04-012022-03-31SC591593dpl:ParticipatingInterests2021-04-012022-03-31SC591593dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-31SC591593core:ListedExchangeTraded2021-04-012022-03-31SC591593dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-31SC591593core:UnlistedNon-exchangeTraded2021-04-012022-03-31SC591593core:NetGoodwill2023-03-31SC591593core:IntangibleAssetsOtherThanGoodwill2023-03-31SC591593core:LandBuildings2023-03-31SC591593core:PlantMachinery2023-03-31SC591593core:Vehicles2023-03-31SC591593core:FurnitureFittings2023-03-31SC591593core:OfficeEquipment2023-03-31SC591593core:AfterOneYear2023-03-31SC591593core:WithinOneYear2023-03-31SC591593core:ListedExchangeTraded2023-03-31SC591593core:UnlistedNon-exchangeTraded2023-03-31SC591593core:ShareCapital2023-03-31SC591593core:SharePremium2023-03-31SC591593core:RevaluationReserve2023-03-31SC591593core:OtherReservesSubtotal2023-03-31SC591593core:RetainedEarningsAccumulatedLosses2023-03-31SC591593core:NetGoodwill2022-03-31SC591593core:IntangibleAssetsOtherThanGoodwill2022-03-31SC591593core:LandBuildings2022-03-31SC591593core:PlantMachinery2022-03-31SC591593core:Vehicles2022-03-31SC591593core:FurnitureFittings2022-03-31SC591593core:OfficeEquipment2022-03-31SC591593core:AfterOneYear2022-03-31SC591593core:WithinOneYear2022-03-31SC591593core:ListedExchange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NALMOND LTD

Registered Number
SC591593
(Scotland)

Unaudited Financial Statements for the Year ended
31 March 2023

NALMOND LTD
Company Information
for the year from 1 April 2022 to 31 March 2023

Director

ATWAL, Narinder Singh

Registered Address

First Floor
108 George Street
Edinburgh
EH2 4LH

Registered Number

SC591593 (Scotland)
NALMOND LTD
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets6136,403159,139
Tangible assets76,8008,876
Investments8100100
143,303168,115
Current assets
Stocks112,7592,577
Debtors1257,89041,435
Cash at bank and on hand16,17216,163
76,82160,175
Creditors amounts falling due within one year13270,645252,160
Net current assets (liabilities)(193,824)(191,985)
Total assets less current liabilities(50,521)(23,870)
Creditors amounts falling due after one year1429,63433,333
Net assets(80,155)(57,203)
Capital and reserves
Called up share capital100100
Profit and loss account(80,255)(57,303)
Shareholders' funds(80,155)(57,203)
The financial statements were approved and authorised for issue by the Director on 16 January 2024, and are signed on its behalf by:
ATWAL, Narinder Singh
Director
Registered Company No. SC591593
NALMOND LTD
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
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).
3.Principal activities
The principal activity of the business is take-away food shops and mobile food stands.
4.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-10
Fixtures and fittings25-
Intangible assets policy
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses over a period of 10 years.
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
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.
Government grants and other government assistance policy
Government grants are recognised at the fair value of consideration received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
Leases policy
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Valuation of financial instruments policy
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortized cost using the effective interest method.
Going concern
The financial statements have been prepared on a going concern basis even though at the balance sheet date the company's net liabilities exceeded its net assets by £80,155 (2022: £57,203). The director considers the going concern basis to be appropriate because in his opinion, the company will obtain sufficient funding from its shareholders to enable it to pay its debts as they fall due.
5.Employee information

20232022
Average number of employees during the year11
6.Intangible assets

Goodwill

Other

Total

£££
Cost or valuation
At 01 April 22222,6844,675227,359
At 31 March 23222,6844,675227,359
Amortisation and impairment
At 01 April 2266,8161,40468,220
Charge for year22,26846822,736
At 31 March 2389,0841,87290,956
Net book value
At 31 March 23133,6002,803136,403
At 31 March 22155,8683,271159,139
7.Property, plant and equipment

Land & buildings

Fixtures & fittings

Total

£££
Cost or valuation
At 01 April 221,75017,88819,638
At 31 March 231,75017,88819,638
Depreciation and impairment
At 01 April 2247810,28410,762
Charge for year1751,9012,076
At 31 March 2365312,18512,838
Net book value
At 31 March 231,0975,7036,800
At 31 March 221,2727,6048,876
8.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 April 22100100
At 31 March 23100100
Net book value
At 31 March 23100100
At 31 March 22100100

Notes

1Investments in group undertakings and participating interests
9.Description of financial commitments other than capital commitments
LEASING AGREEMENTS: Minimum lease payments under non-cancellable operating leases fall due as follows: Due within one year: 20,000(2022: 20,000)
10.Description of nature of transactions and balances with related parties
Included in other debtors falling due within one year are due from companies connected to the director. PB (Edinburgh) Ltd £594 (2022: £594); NA Aberdeen Ltd £20,000 (2022: £20,000); HWS (Edinburgh) Ltd £11,000 (2022: £11,000) Included in other creditors falling due within one year is due to companies connected to the director. NA Edinburgh Ltd Cr £1,000 (2022: Cr £1,000); GS (Bathgate) Ltd Cr £4,711 (2022: Cr £4,761); Hadplaid Ltd £234,076 (2022: £206,070) Hadplaid Ltd acts as management company for Nalmond Ltd. The management charges amounting to £127,082(2022: £110,230) recorded in accounts are paid to Hadplaid Ltd.
11.Stocks

2023

2022

££
Other stocks2,7592,577
Total2,7592,577
12.Debtors

2023

2022

££
Other debtors57,89041,435
Total57,89041,435
13.Creditors within one year

2023

2022

££
Trade creditors / trade payables45,56223,625
Bank borrowings and overdrafts10,00010,000
Other creditors215,083218,535
Total270,645252,160
14.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts29,63433,333
Total29,63433,333
Included within other creditors falling due within one year and creditors falling due after more than one year is £39,634 (2022: £43,333) in respect of a bank loan which is guaranteed by the government under Coronavirus Business Interruption Loan Scheme. The interest is charged at 3.99% above base rate per annum on this loan. Bank loan is secured by a fixed and floating charge over present and future assets of the company.