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Company Registration No. 05994261 (England and Wales)
NDS Electrical Services Limited Unaudited accounts for the year ended 30 November 2023
NDS Electrical Services Limited Unaudited accounts Contents
Page
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NDS Electrical Services Limited Company Information for the year ended 30 November 2023
Directors
N Sandy J Sandy
Secretary
J Sandy
Company Number
05994261 (England and Wales)
Registered Office
4 Saunders Mews Southsea England PO4 9XZ
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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NDS Electrical Services Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,753 
7,670 
Current assets
Inventories
5,000 
5,000 
Debtors
20,682 
8,678 
Cash at bank and in hand
1 
4,164 
25,683 
17,842 
Creditors: amounts falling due within one year
(23,347)
(23,103)
Net current assets/(liabilities)
2,336 
(5,261)
Net assets
8,089 
2,409 
Capital and reserves
Called up share capital
400 
400 
Profit and loss account
7,689 
2,009 
Shareholders' funds
8,089 
2,409 
For the year ending 30 November 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 9 February 2024 and were signed on its behalf by
J Sandy Director Company Registration No. 05994261
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NDS Electrical Services Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
NDS Electrical Services Limited is a private company, limited by shares, registered in England and Wales, registration number 05994261. The registered office is 4 Saunders Mews, Southsea, England, PO4 9XZ .
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
- 25% on reducing balance
Motor vehicles
- 25% on reducing balance
Fixtures & fittings
- 25% on reducing balance
Computer equipment
- 25% on reducing balance
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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NDS Electrical Services Limited Notes to the Accounts for the year ended 30 November 2023
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 December 2022
7,066 
18,205 
1,791 
11,755 
38,817 
At 30 November 2023
7,066 
18,205 
1,791 
11,755 
38,817 
Depreciation
At 1 December 2022
6,972 
12,444 
1,538 
10,193 
31,147 
Charge for the year
23 
1,440 
64 
390 
1,917 
At 30 November 2023
6,995 
13,884 
1,602 
10,583 
33,064 
Net book value
At 30 November 2023
71 
4,321 
189 
1,172 
5,753 
At 30 November 2022
94 
5,761 
253 
1,562 
7,670 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
17,330 
7,473 
Accrued income and prepayments
1,217 
1,205 
Other debtors
2,135 
- 
20,682 
8,678 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,836 
5,762 
VAT
1,094 
2,665 
Obligations under finance leases and hire purchase contracts
- 
7,641 
Trade creditors
2,632 
1,638 
Taxes and social security
232 
(1,292)
Other creditors
1,032 
2,082 
Loans from directors
8,302 
1,642 
Accruals
3,219 
2,965 
23,347 
23,103 
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NDS Electrical Services Limited Notes to the Accounts for the year ended 30 November 2023
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
150 Ordinary shares (2015 - 200) of £1 each
150 
150 
150 A Ordinary shares of £1 each
150 
150 
100 B Ordinary shares of £1 each
100 
100 
400 
400 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
N Sandy
Director Current Account
(821)
(3,330)
- 
(4,151)
J Sandy
Director Current Account
(821)
(3,330)
- 
(4,151)
(1,642)
(6,660)
- 
(8,302)
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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