2022-04-012023-03-312023-03-31falseSC591389NA ABERDEEN LTD2024-01-1656103iso4217:GBPxbrli:pureSC5913892022-04-01SC5913892023-03-31SC5913892022-04-012023-03-31SC5913892021-04-01SC5913892022-03-31SC5913892021-04-012022-03-31SC591389bus:SmallEntities2022-04-012023-03-31SC591389bus:AuditExempt-NoAccountantsReport2022-04-012023-03-31SC591389bus:FullAccounts2022-04-012023-03-31SC591389bus:PrivateLimitedCompanyLtd2022-04-012023-03-31SC591389core:WithinOneYear2023-03-31SC591389core:AfterOneYear2023-03-31SC591389core:WithinOneYear2022-03-31SC591389core:AfterOneYear2022-03-31SC591389core:ShareCapital2023-03-31SC591389core:SharePremium2023-03-31SC591389core:RevaluationReserve2023-03-31SC591389core:OtherReservesSubtotal2023-03-31SC591389core:RetainedEarningsAccumulatedLosses2023-03-31SC591389core:ShareCapital2022-03-31SC591389core:SharePremium2022-03-31SC591389core:RevaluationReserve2022-03-31SC591389core:OtherReservesSubtotal2022-03-31SC591389core:RetainedEarningsAccumulatedLosses2022-03-31SC591389core:LandBuildings2023-03-31SC591389core:PlantMachinery2023-03-31SC591389core:Vehicles2023-03-31SC591389core:FurnitureFittings2023-03-31SC591389core:OfficeEquipment2023-03-31SC591389core:NetGoodwill2023-03-31SC591389core:IntangibleAssetsOtherThanGoodwill2023-03-31SC591389core:ListedExchangeTraded2023-03-31SC591389core:UnlistedNon-exchangeTraded2023-03-31SC591389core:LandBuildings2022-03-31SC591389core:PlantMachinery2022-03-31SC591389core:Vehicles2022-03-31SC591389core:FurnitureFittings2022-03-31SC591389core:OfficeEquipment2022-03-31SC591389core:NetGoodwill2022-03-31SC591389core:IntangibleAssetsOtherThanGoodwill2022-03-31SC591389core:ListedExchangeTraded2022-03-31SC591389core:UnlistedNon-exchangeTraded2022-03-31SC591389core:LandBuildings2022-04-012023-03-31SC591389core:PlantMachinery2022-04-012023-03-31SC591389core:Vehicles2022-04-012023-03-31SC591389core:FurnitureFittings2022-04-012023-03-31SC591389core:OfficeEquipment2022-04-012023-03-31SC591389core:NetGoodwill2022-04-012023-03-31SC591389core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-31SC591389core:ListedExchangeTraded2022-04-012023-03-31SC591389core:UnlistedNon-exchangeTraded2022-04-012023-03-31SC591389core:MoreThanFiveYears2022-04-012023-03-31SC591389core:Non-currentFinancialInstruments2023-03-31SC591389core:Non-currentFinancialInstruments2022-03-31SC591389dpl:CostSales2022-04-012023-03-31SC591389dpl:DistributionCosts2022-04-012023-03-31SC591389core:LandBuildings2022-04-012023-03-31SC591389core:PlantMachinery2022-04-012023-03-31SC591389core:Vehicles2022-04-012023-03-31SC591389core:FurnitureFittings2022-04-012023-03-31SC591389core:OfficeEquipment2022-04-012023-03-31SC591389dpl:AdministrativeExpenses2022-04-012023-03-31SC591389core:NetGoodwill2022-04-012023-03-31SC591389core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-31SC591389dpl:GroupUndertakings2022-04-012023-03-31SC591389dpl:ParticipatingInterests2022-04-012023-03-31SC591389dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-31SC591389core:ListedExchangeTraded2022-04-012023-03-31SC591389dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-31SC591389core:UnlistedNon-exchangeTraded2022-04-012023-03-31SC591389dpl:CostSales2021-04-012022-03-31SC591389dpl:DistributionCosts2021-04-012022-03-31SC591389core:LandBuildings2021-04-012022-03-31SC591389core:PlantMachinery2021-04-012022-03-31SC591389core:Vehicles2021-04-012022-03-31SC591389core:FurnitureFittings2021-04-012022-03-31SC591389core:OfficeEquipment2021-04-012022-03-31SC591389dpl:AdministrativeExpenses2021-04-012022-03-31SC591389core:NetGoodwill2021-04-012022-03-31SC591389core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-31SC591389dpl:GroupUndertakings2021-04-012022-03-31SC591389dpl:ParticipatingInterests2021-04-012022-03-31SC591389dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-31SC591389core:ListedExchangeTraded2021-04-012022-03-31SC591389dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-31SC591389core:UnlistedNon-exchangeTraded2021-04-012022-03-31SC591389core:NetGoodwill2023-03-31SC591389core:IntangibleAssetsOtherThanGoodwill2023-03-31SC591389core:LandBuildings2023-03-31SC591389core:PlantMachinery2023-03-31SC591389core:Vehicles2023-03-31SC591389core:FurnitureFittings2023-03-31SC591389core:OfficeEquipment2023-03-31SC591389core:AfterOneYear2023-03-31SC591389core:WithinOneYear2023-03-31SC591389core:ListedExchangeTraded2023-03-31SC591389core:UnlistedNon-exchangeTraded2023-03-31SC591389core:ShareCapital2023-03-31SC591389core:SharePremium2023-03-31SC591389core:RevaluationReserve2023-03-31SC591389core:OtherReservesSubtotal2023-03-31SC591389core:RetainedEarningsAccumulatedLosses2023-03-31SC591389core:NetGoodwill2022-03-31SC591389core:IntangibleAssetsOtherThanGoodwill2022-03-31SC591389core:LandBuildings2022-03-31SC591389core:PlantMachinery2022-03-31SC591389core:Vehicles2022-03-31SC591389core:FurnitureFittings2022-03-31SC591389core:OfficeEquipment2022-03-31SC591389core:AfterOneYear2022-03-31SC591389core:WithinOneYear2022-03-31SC591389core:ListedExc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NA ABERDEEN LTD

Registered Number
SC591389
(Scotland)

Unaudited Financial Statements for the Year ended
31 March 2023

NA ABERDEEN 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

SC591389 (Scotland)
NA ABERDEEN LTD
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets5463,260540,877
Tangible assets6131,320167,532
Investments7104104
594,684708,513
Current assets
Stocks1015,24320,442
Debtors11113,155130,844
Cash at bank and on hand60,44071,193
188,838222,479
Creditors amounts falling due within one year12(926,813)(944,014)
Net current assets (liabilities)(737,975)(721,535)
Total assets less current liabilities(143,291)(13,022)
Creditors amounts falling due after one year13(39,636)(78,333)
Provisions for liabilities14(20,937)(39,804)
Net assets(203,864)(131,159)
Capital and reserves
Called up share capital100100
Profit and loss account(203,964)(131,259)
Shareholders' funds(203,864)(131,159)
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. SC591389
NA ABERDEEN 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 financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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. Goodwill are being amortised at 10% on cost. Patents and licences are being amortised evenly over their estimated useful life 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.
Investments policy
Investments in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised in profit or loss.
Valuation of financial instruments policy
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. 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 amortized 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 amortized. Classification of financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities Basic financial liabilities, including creditors, loans from fellow group companies 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 amortized. 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 £203,864 (2022: £131,158). 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.
4.Employee information

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

Goodwill

Other

Total

£££
Cost or valuation
At 01 April 22730,63945,525776,164
At 31 March 23730,63945,525776,164
Amortisation and impairment
At 01 April 22219,00716,280235,287
Charge for year73,0634,55477,617
At 31 March 23292,07020,834312,904
Net book value
At 31 March 23438,56924,691463,260
At 31 March 22511,63229,245540,877
6.Property, plant and equipment

Land & buildings

Fixtures & fittings

Total

£££
Cost or valuation
At 01 April 22143,573159,633303,206
Additions-590590
At 31 March 23143,573160,223303,796
Depreciation and impairment
At 01 April 2265,57370,101135,674
Charge for year14,35722,44536,802
At 31 March 2379,93092,546172,476
Net book value
At 31 March 2363,64367,677131,320
At 31 March 2278,00089,532167,532
7.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 April 22104104
At 31 March 23104104
Net book value
At 31 March 23104104
At 31 March 22104104

Notes

1Investments in group undertakings and participating interests
8.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: £154,333 (2022: £154,333) Between two and five years: £617,332 (2022: £617,332) In more than 5 years: £308,666 (2022: £462,999)
9.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. NA Edinburgh Ltd £16,000 (2022: £16,000); HWS (Edinburgh) Ltd £17,000 (2022: £17,000); Jedco Ltd £11,272 (2022: £11,272) Hadplaid Ltd acts as management company for NA Aberdeen Ltd. The management charges amounting to £678,830 (2022: £606,896) recorded in accounts are paid to Hadplaid Ltd. Included in other creditors falling due within one year is due to companies connected to the director. HA Aberdeen Ltd £63,557 (2022: £63,557); Hadplaid Limited £223,875 (2022: £307,270); Nalmond Ltd £20,000 (2022: £20,000), H & N Holdings Ltd £30,000 (2022: £30,000); HA Fife Ltd £20,000 (2022: £20,000) Included in other creditors is the amount due to the close relatives of the director H Atwal £175,000 (2022: £175,000) and J Atwal £23,731 (2022: £64,231)
10.Stocks

2023

2022

££
Raw materials and consumables15,24320,442
Total15,24320,442
11.Debtors

2023

2022

££
Amounts owed by group undertakings11,12851,128
Other debtors62,87169,270
Prepayments and accrued income39,15610,446
Total113,155130,844
12.Creditors within one year

2023

2022

££
Trade creditors / trade payables257,830121,785
Bank borrowings and overdrafts45,00045,000
Taxation and social security3,05115,513
Other creditors540,939703,085
Accrued liabilities and deferred income79,99358,631
Total926,813944,014
13.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts39,63678,333
Total39,63678,333
Included within creditors falling due within one year and creditors falling due after more than one year is £37,970(2022: £41,667) in respect of a bank loan which is guaranteed by the government under Coronavirus Business Interruption Loan Scheme. The loan is repayable by April 2026 and interest is charged at 3.99% above base rate per annum on this loan. Included within creditors falling due within one year and creditors falling due after more than one year is £46,667(2022: £81,667) in respect of a bank loan from Bank of Scotland which is secured by a floating charge over present and future assets of the company.
14.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)20,93739,804
Total20,93739,804