Registered number
08601843
NMT HR Services Limited
Filleted Accounts
31 July 2023
NMT HR Services Limited
Registered number: 08601843
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 270 525
Current assets
Debtors 4 4,202 3,070
Cash at bank and in hand 22,999 20,904
27,201 23,974
Creditors: amounts falling due within one year 5 (19,695) (12,860)
Net current assets 7,506 11,114
Total assets less current liabilities 7,776 11,639
Provisions for liabilities (85) (100)
Net assets 7,691 11,539
Capital and reserves
Called up share capital 100 100
Profit and loss account 7,591 11,439
Shareholder's funds 7,691 11,539
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N Thompson
Director
Approved by the board on 5 April 2024
NMT HR Services Limited
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
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).
Turnover
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets as follows:
Plant and machinery 15% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2022 1,359
Disposals (891)
At 31 July 2023 468
Depreciation
At 1 August 2022 834
Charge for the year 79
On disposals (715)
At 31 July 2023 198
Net book value
At 31 July 2023 270
At 31 July 2022 525
4 Debtors 2023 2022
£ £
Trade debtors 4,202 3,070
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 699 609
Taxation and social security costs 9,654 11,419
Other creditors 9,342 832
19,695 12,860
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
N M Thompson
Directors loan account 832 (36,268) 35,604 168
832 (36,268) 35,604 168
7 Controlling party
The company is controlled by its director.
8 Other information
NMT HR Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Denesyde, Windsor Terrace
Dipton
Stanley
Co Durham
DH9 9EL
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