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REGISTERED NUMBER: 04703775 (England and Wales)















NDLT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023






NDLT LIMITED (REGISTERED NUMBER: 04703775)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


NDLT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: I Chapman
R Keech
D Keech





SECRETARY: I Chapman





REGISTERED OFFICE: 30 Burkitt Road
Earlstrees Industrial Estate
Corby
Northamptonshire
NN17 4DT





REGISTERED NUMBER: 04703775 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 All Saints Street
Stamford
Lincolnshire
PE9 2PA

NDLT LIMITED (REGISTERED NUMBER: 04703775)

STATEMENT OF FINANCIAL POSITION
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 35,000 40,000
Property, plant and equipment 5 1,108,892 912,442
1,143,892 952,442

CURRENT ASSETS
Inventories 47,693 86,010
Debtors 6 346,987 244,734
Cash at bank 482,574 521,149
877,254 851,893
CREDITORS
Amounts falling due within one year 7 298,777 355,157
NET CURRENT ASSETS 578,477 496,736
TOTAL ASSETS LESS CURRENT LIABILITIES 1,722,369 1,449,178

CREDITORS
Amounts falling due after more than one year 8 (120,268 ) (179,127 )

PROVISIONS FOR LIABILITIES (277,023 ) (227,814 )
NET ASSETS 1,325,078 1,042,237

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 1,324,078 1,041,237
SHAREHOLDERS' FUNDS 1,325,078 1,042,237

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

NDLT LIMITED (REGISTERED NUMBER: 04703775)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 February 2024 and were signed on its behalf by:




I Chapman - Director R Keech - Director




D Keech - Director


NDLT LIMITED (REGISTERED NUMBER: 04703775)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

NDLT Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill is being written off over a period of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Forklift trucks and cleaning machines - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving items.

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


NDLT LIMITED (REGISTERED NUMBER: 04703775)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 50,000
AMORTISATION
At 1 June 2022 10,000
Charge for year 5,000
At 31 May 2023 15,000
NET BOOK VALUE
At 31 May 2023 35,000
At 31 May 2022 40,000

NDLT LIMITED (REGISTERED NUMBER: 04703775)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

5. PROPERTY, PLANT AND EQUIPMENT
Forklift
trucks
and
Plant and cleaning Motor Computer
machinery machines vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 101,837 1,704,001 115,852 7,072 1,928,762
Additions 1,725 344,000 59,500 12,097 417,322
Disposals - (21,003 ) - - (21,003 )
At 31 May 2023 103,562 2,026,998 175,352 19,169 2,325,081
DEPRECIATION
At 1 June 2022 68,703 864,329 80,153 3,135 1,016,320
Charge for year 5,229 165,034 42,150 4,114 216,527
Eliminated on disposal - (16,658 ) - - (16,658 )
At 31 May 2023 73,932 1,012,705 122,303 7,249 1,216,189
NET BOOK VALUE
At 31 May 2023 29,630 1,014,293 53,049 11,920 1,108,892
At 31 May 2022 33,134 839,672 35,699 3,937 912,442

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 313,090 211,659
Other debtors 33,897 33,075
346,987 244,734

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 40,000 40,000
Hire purchase contracts 18,859 30,720
Trade creditors 126,328 151,787
Taxation and social security 84,460 88,765
Other creditors 29,130 43,885
298,777 355,157

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 106,667 146,667
Hire purchase contracts 13,601 32,460
120,268 179,127

NDLT LIMITED (REGISTERED NUMBER: 04703775)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 146,667 186,667
Hire purchase contracts 32,460 63,180
179,127 249,847

Hire purchase contracts are secured against the assets they relate to.

A loan has been taken out under the Coronavirus Business Interruption Loan Scheme (CBILS). The loan is secured by an existing debenture over the company's assets.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
R Keech
Balance outstanding at start of year 3,581 2,281
Amounts advanced 51,713 14,000
Amounts repaid (52,480 ) (12,700 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,814 3,581

D Keech
Balance outstanding at start of year 3,982 2,613
Amounts advanced 49,702 14,069
Amounts repaid (50,645 ) (12,700 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,039 3,982

Loans to directors are unsecured, interest free and repayable on demand.