Registered number
11823170
N C R Holdings Limited
Report and Accounts
31 May 2023
Accountancy 4 Tax Savings Limited
Accountants and Business Advisors
33 Wolverhampton Road
Cannock
Staffordshire
WS11 1AP
N C R Holdings Limited
Registered number: 11823170
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 327,578 328,147
Investments 4 30 30
327,608 328,177
Current assets
Debtors 5 28,813 72,122
Cash at bank and in hand 3,887 4,690
32,700 76,812
Creditors: amounts falling due within one year 6 (5,881) (1,228)
Net current assets 26,819 75,584
Total assets less current liabilities 354,427 403,761
Creditors: amounts falling due after more than one year 7 (180,090) (205,000)
Net assets 174,337 198,761
Capital and reserves
Called up share capital 100 100
Profit and loss account 174,237 198,661
Shareholders' funds 174,337 198,761
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.
N C Reilly
Director
Approved by the board on 31 January 2024
N C R Holdings Limited
Notes to the Accounts
for the year ended 31 May 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.
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:
Freehold buildings NIL
Plant and machinery 25% reducing balance
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 June 2022 326,089 4,205 330,294
At 31 May 2023 326,089 4,205 330,294
Depreciation
At 1 June 2022 - 2,147 2,147
Charge for the year - 569 569
At 31 May 2023 - 2,716 2,716
Net book value
At 31 May 2023 326,089 1,489 327,578
At 31 May 2022 326,089 2,058 328,147
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 June 2022 30
At 31 May 2023 30
5 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 25,671 46,504
Other debtors 3,142 25,618
28,813 72,122
6 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 5,881 1,228
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 180,090 205,000
8 Related party transactions
At the year end the directors account balance was overdrawn by £3,142.
9 Controlling party
The company is controlled by its directors who are the shareholders.
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