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Company Registration No. 07551606 (England and Wales)
NKB Machinery Ltd Unaudited accounts for the year ended 31 October 2023
NKB Machinery Ltd Unaudited accounts Contents
Page
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NKB Machinery Ltd Company Information for the year ended 31 October 2023
Directors
P Thornber P A Russell
Secretary
P Thornber
Company Number
07551606 (England and Wales)
Registered Office
Tuite Tang Wong 15 The Broadway Woodford Green Essex IG8 0HL
Accountants
Tuite Tang Wong Chartered Certified Accountants 15 The Broadway Woodford Green Essex IG8 0HL
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NKB Machinery Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
24,322 
30,402 
Current assets
Debtors
- 
10,551 
Cash at bank and in hand
82,606 
51,022 
82,606 
61,573 
Creditors: amounts falling due within one year
(7,959)
(1,760)
Net current assets
74,647 
59,813 
Net assets
98,969 
90,215 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
98,967 
90,213 
Shareholders' funds
98,969 
90,215 
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by
P A Russell Director Company Registration No. 07551606
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NKB Machinery Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
NKB Machinery Ltd is a private company, limited by shares, registered in England and Wales, registration number 07551606. The registered office is Tuite Tang Wong, 15 The Broadway, Woodford Green, Essex, IG8 0HL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on reducing balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 November 2022
73,699 
At 31 October 2023
73,699 
Depreciation
At 1 November 2022
43,297 
Charge for the year
6,080 
At 31 October 2023
49,377 
Net book value
At 31 October 2023
24,322 
At 31 October 2022
30,402 
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NKB Machinery Ltd Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
451 
Trade debtors
- 
10,100 
- 
10,551 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,729 
- 
Trade creditors
1,620 
- 
Taxes and social security
3,210 
715 
Accruals
1,400 
1,045 
7,959 
1,760 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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