Registered number
07711255
N & D Badley Ltd
Filleted Accounts
31 July 2023
N & D Badley Ltd
Registered number: 07711255
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 282,822 92,508
Current assets
Debtors 4 51,498 38,869
Cash at bank and in hand 125,734 374,932
177,232 413,801
Creditors: amounts falling due within one year 5 (21,519) (51,024)
Net current assets 155,713 362,777
Net assets 438,535 455,285
Capital and reserves
Called up share capital 2 2
Profit and loss account 438,533 455,283
Shareholders' funds 438,535 455,285
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr Daniel Badley
Director
Approved by the board on 16 April 2024
N & D Badley Ltd
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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2022 133,367
Additions 214,568
Disposals (1,500)
At 31 July 2023 346,435
Depreciation
At 1 August 2022 40,859
Charge for the year 22,754
At 31 July 2023 63,613
Net book value
At 31 July 2023 282,822
At 31 July 2022 92,508
4 Debtors 2023 2022
£ £
Trade debtors 16,498 1,650
Other debtors 35,000 37,219
51,498 38,869
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 30,516 3,736
Taxation and social security costs (12,949) 45,808
Other creditors 3,952 1,480
21,519 51,024
6 Other information
N & D Badley Ltd is a private company limited by shares and incorporated in England. Its registered office is:
8 Church Street
Great Hale
Sleaford
Lincs
NG34 9LF
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