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REGISTERED NUMBER: 12352533 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 December 2023

for

N K Paving Ltd

N K Paving Ltd (Registered number: 12352533)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N K Paving Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr N Ibbotson
Mr K Luke





REGISTERED OFFICE: 409 Westerton Road
Wakefield
West Yorkshire
WF3 1AF





REGISTERED NUMBER: 12352533 (England and Wales)





ACCOUNTANTS: Lishmans LLP
16-18 Station Road
Chapeltown
Sheffield
South Yorkshire
S35 2XH

N K Paving Ltd (Registered number: 12352533)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 111,255 125,162
Tangible assets 5 124,988 36,195
236,243 161,357

CURRENT ASSETS
Debtors 6 150,156 184,772
Cash at bank 54,218 27,926
204,374 212,698
CREDITORS
Amounts falling due within one year 7 161,080 162,119
NET CURRENT ASSETS 43,294 50,579
TOTAL ASSETS LESS CURRENT LIABILITIES 279,537 211,936

CREDITORS
Amounts falling due after more than one
year

8

(78,654

)

(27,806

)

PROVISIONS FOR LIABILITIES 9 (23,748 ) (6,877 )
NET ASSETS 177,135 177,253

CAPITAL AND RESERVES
Called up share capital 10 2
Retained earnings 177,125 177,251
SHAREHOLDERS' FUNDS 177,135 177,253

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

N K Paving Ltd (Registered number: 12352533)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 March 2024 and were signed on its behalf by:





Mr K Luke - Director


N K Paving Ltd (Registered number: 12352533)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

N K Paving Ltd 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance basis
Fixtures and fittings - 20% on reducing balance basis
Computer equipment - 20% on reducing balance basis

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

N K Paving Ltd (Registered number: 12352533)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 139,069
AMORTISATION
At 1 January 2023 13,907
Charge for year 13,907
At 31 December 2023 27,814
NET BOOK VALUE
At 31 December 2023 111,255
At 31 December 2022 125,162

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 45,244
Additions 120,041
At 31 December 2023 165,285
DEPRECIATION
At 1 January 2023 9,049
Charge for year 31,248
At 31 December 2023 40,297
NET BOOK VALUE
At 31 December 2023 124,988
At 31 December 2022 36,195

N K Paving Ltd (Registered number: 12352533)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 45,244
Additions 88,047
At 31 December 2023 133,291
DEPRECIATION
At 1 January 2023 9,049
Charge for year 24,848
At 31 December 2023 33,897
NET BOOK VALUE
At 31 December 2023 99,394
At 31 December 2022 36,195

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 22,612 66,708
Other debtors 127,544 118,064
150,156 184,772

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 33,287 9,599
Trade creditors 55,287 2
Taxation and social security 22,221 56,728
Other creditors 50,285 95,790
161,080 162,119

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 78,654 27,806

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 23,748 6,877

N K Paving Ltd (Registered number: 12352533)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 6,877
Provided during year 16,871
Balance at 31 December 2023 23,748