2022-04-012023-03-312023-03-31falseSC591386NA EDINBURGH LTD2024-01-1656103iso4217:GBPxbrli:pureSC5913862022-04-01SC5913862023-03-31SC5913862022-04-012023-03-31SC5913862021-04-01SC5913862022-03-31SC5913862021-04-012022-03-31SC591386bus:SmallEntities2022-04-012023-03-31SC591386bus:AuditExempt-NoAccountantsReport2022-04-012023-03-31SC591386bus:FullAccounts2022-04-012023-03-31SC591386bus:PrivateLimitedCompanyLtd2022-04-012023-03-31SC591386core:WithinOneYear2023-03-31SC591386core:AfterOneYear2023-03-31SC591386core:WithinOneYear2022-03-31SC591386core:AfterOneYear2022-03-31SC591386core:ShareCapital2023-03-31SC591386core:SharePremium2023-03-31SC591386core:RevaluationReserve2023-03-31SC591386core:OtherReservesSubtotal2023-03-31SC591386core:RetainedEarningsAccumulatedLosses2023-03-31SC591386core:ShareCapital2022-03-31SC591386core:SharePremium2022-03-31SC591386core:RevaluationReserve2022-03-31SC591386core:OtherReservesSubtotal2022-03-31SC591386core:RetainedEarningsAccumulatedLosses2022-03-31SC591386core:LandBuildings2023-03-31SC591386core:PlantMachinery2023-03-31SC591386core:Vehicles2023-03-31SC591386core:FurnitureFittings2023-03-31SC591386core:OfficeEquipment2023-03-31SC591386core:NetGoodwill2023-03-31SC591386core:IntangibleAssetsOtherThanGoodwill2023-03-31SC591386core:ListedExchangeTraded2023-03-31SC591386core:UnlistedNon-exchangeTraded2023-03-31SC591386core:LandBuildings2022-03-31SC591386core:PlantMachinery2022-03-31SC591386core:Vehicles2022-03-31SC591386core:FurnitureFittings2022-03-31SC591386core:OfficeEquipment2022-03-31SC591386core:NetGoodwill2022-03-31SC591386core:IntangibleAssetsOtherThanGoodwill2022-03-31SC591386core:ListedExchangeTraded2022-03-31SC591386core:UnlistedNon-exchangeTraded2022-03-31SC591386core:LandBuildings2022-04-012023-03-31SC591386core:PlantMachinery2022-04-012023-03-31SC591386core:Vehicles2022-04-012023-03-31SC591386core:FurnitureFittings2022-04-012023-03-31SC591386core:OfficeEquipment2022-04-012023-03-31SC591386core:NetGoodwill2022-04-012023-03-31SC591386core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-31SC591386core:ListedExchangeTraded2022-04-012023-03-31SC591386core:UnlistedNon-exchangeTraded2022-04-012023-03-31SC591386core:MoreThanFiveYears2022-04-012023-03-31SC591386core:Non-currentFinancialInstruments2023-03-31SC591386core:Non-currentFinancialInstruments2022-03-31SC591386dpl:CostSales2022-04-012023-03-31SC591386dpl:DistributionCosts2022-04-012023-03-31SC591386core:LandBuildings2022-04-012023-03-31SC591386core:PlantMachinery2022-04-012023-03-31SC591386core:Vehicles2022-04-012023-03-31SC591386core:FurnitureFittings2022-04-012023-03-31SC591386core:OfficeEquipment2022-04-012023-03-31SC591386dpl:AdministrativeExpenses2022-04-012023-03-31SC591386core:NetGoodwill2022-04-012023-03-31SC591386core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-31SC591386dpl:GroupUndertakings2022-04-012023-03-31SC591386dpl:ParticipatingInterests2022-04-012023-03-31SC591386dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-31SC591386core:ListedExchangeTraded2022-04-012023-03-31SC591386dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-31SC591386core:UnlistedNon-exchangeTraded2022-04-012023-03-31SC591386dpl:CostSales2021-04-012022-03-31SC591386dpl:DistributionCosts2021-04-012022-03-31SC591386core:LandBuildings2021-04-012022-03-31SC591386core:PlantMachinery2021-04-012022-03-31SC591386core:Vehicles2021-04-012022-03-31SC591386core:FurnitureFittings2021-04-012022-03-31SC591386core:OfficeEquipment2021-04-012022-03-31SC591386dpl:AdministrativeExpenses2021-04-012022-03-31SC591386core:NetGoodwill2021-04-012022-03-31SC591386core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-31SC591386dpl:GroupUndertakings2021-04-012022-03-31SC591386dpl:ParticipatingInterests2021-04-012022-03-31SC591386dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-31SC591386core:ListedExchangeTraded2021-04-012022-03-31SC591386dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-31SC591386core:UnlistedNon-exchangeTraded2021-04-012022-03-31SC591386core:NetGoodwill2023-03-31SC591386core:IntangibleAssetsOtherThanGoodwill2023-03-31SC591386core:LandBuildings2023-03-31SC591386core:PlantMachinery2023-03-31SC591386core:Vehicles2023-03-31SC591386core:FurnitureFittings2023-03-31SC591386core:OfficeEquipment2023-03-31SC591386core:AfterOneYear2023-03-31SC591386core:WithinOneYear2023-03-31SC591386core:ListedExchangeTraded2023-03-31SC591386core:UnlistedNon-exchangeTraded2023-03-31SC591386core:ShareCapital2023-03-31SC591386core:SharePremium2023-03-31SC591386core:RevaluationReserve2023-03-31SC591386core:OtherReservesSubtotal2023-03-31SC591386core:RetainedEarningsAccumulatedLosses2023-03-31SC591386core:NetGoodwill2022-03-31SC591386core:IntangibleAssetsOtherThanGoodwill2022-03-31SC591386core:LandBuildings2022-03-31SC591386core:PlantMachinery2022-03-31SC591386core:Vehicles2022-03-31SC591386core:FurnitureFittings2022-03-31SC591386core:OfficeEquipment2022-03-31SC591386core:AfterOneYear2022-03-31SC591386core:WithinOneYear2022-03-31SC591386core:ListedExc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NA EDINBURGH LTD

Registered Number
SC591386
(Scotland)

Unaudited Financial Statements for the Year ended
31 March 2023

NA EDINBURGH LTD
Company Information
for the year from 1 April 2022 to 31 March 2023

Director

ATWAL, Narinder Singh

Registered Address

First Floor
108 George Street
Edinburgh
EH2 4LH

Registered Number

SC591386 (Scotland)
NA EDINBURGH LTD
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets5434,569485,825
Tangible assets6257,998314,432
Investments7100200
692,667800,457
Current assets
Stocks1014,56310,191
Debtors1171,852103,910
Cash at bank and on hand52,57037,248
138,985151,349
Creditors amounts falling due within one year12(1,180,012)(1,107,723)
Net current assets (liabilities)(1,041,027)(956,374)
Total assets less current liabilities(348,360)(155,917)
Creditors amounts falling due after one year13(136,870)(251,195)
Provisions for liabilities15(100,797)(101,543)
Net assets(586,027)(508,655)
Capital and reserves
Called up share capital100100
Profit and loss account(586,127)(508,755)
Shareholders' funds(586,027)(508,655)
The financial statements were approved and authorised for issue by the Director on 16 January 2024, and are signed on its behalf by:
ATWAL, Narinder Singh
Director
Registered Company No. SC591386
NA EDINBURGH LTD
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings10-
Plant and machinery10-
Fixtures and fittings-25
Intangible assets policy
Franchise fees Franchise fees relate to payments made for the right to discharge the operation of the franchise. They are amortised to the Income Statement and Retained Earning over their estimated economic useful life. Goodwill Goodwill represents the difference between amount paid on the cost of business combination and the acquirer's interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition , goodwill is measured at cost less accumulated amortisation and impairment losses. Goodwill is amortised to the Income Statement and Retained Earning over their estimated economic useful life. Amortisation is provided on the following bases: Franchise fees - 10% reducing balance Goodwill - 10% straight line
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
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.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Valuation of financial instruments policy
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortized cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortized. Classification of financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities Basic financial liabilities, including creditors, loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortized. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts 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 amortized cost using the effective interest method.
Going concern
The financial statements have been prepared on a going concern basis even though at the balance sheet date the company's net liabilities exceeded its net assets by £586,027(2022 £508,656). The director considers the going concern basis to be appropriate because in his opinion, the company will obtain sufficient funding from its shareholders to enable it to pay its debts as they fall due.
4.Employee information

20232022
Average number of employees during the year11
5.Intangible assets

Goodwill

Other

Total

£££
Cost or valuation
At 01 April 22627,67614,799642,475
At 31 March 23627,67614,799642,475
Amortisation and impairment
At 01 April 22152,2664,384156,650
Charge for year50,2141,04251,256
At 31 March 23202,4805,426207,906
Net book value
At 31 March 23425,1969,373434,569
At 31 March 22475,41010,415485,825
6.Property, plant and equipment

Land & buildings

Plant & machinery

Fixtures & fittings

Total

££££
Cost or valuation
At 01 April 2211,595252,362248,249512,206
At 31 March 2311,595252,362248,249512,206
Depreciation and impairment
At 01 April 223,26766,391128,116197,774
Charge for year1,16425,23630,03456,434
At 31 March 234,43191,627158,150254,208
Net book value
At 31 March 237,164160,73590,099257,998
At 31 March 228,328185,971120,133314,432
The net carrying value of fixed assets includes the following in respect of assets held under finance leases or hire purchase. Fixtures and Fittings: £3,355 (2022: £4,474) Depreciation charged for the year in respect of leased assets £1,118 (2022: £1,118)
7.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 April 22200200
Disposals(100)(100)
At 31 March 23100100
Net book value
At 31 March 23100100
At 31 March 22200200

Notes

1Investments in group undertakings and participating interests
8.Description of financial commitments other than capital commitments
LEASING AGREEMENTS: Minimum lease payments under non-cancellable operating leases fall due as follows: Due within one year: £171,500 (2022: £171,500) Between two and five years: £686,000 (2022: £686,000) In more than 5 years: £343,000 (2022: £514,500)
9.Description of nature of transactions and balances with related parties
Included in other debtors falling due within one year are due from companies connected to the director. Nalmond Ltd £1,000 (2022: £1,000); SS North Ltd £0 (2022: £3,169). Hadplaid Ltd acts as management company for NA Edinburgh Ltd. The management charges amounting to £632,620(2022: £508,601) recorded in accounts are paid to Hadplaid Ltd. Included in other creditors falling due within one year is due to companies connected to the director. HA Aberdeen Ltd £8,000 (2022: £8,000); Hadplaid Limited £283,675 (2022: £366,243); NA Aberdeen Ltd £16,000 (2022: £16,000), Jedco Ltd £15,428 (2022: £15,428); ST Edinburgh Ltd £5,000 (2022: £5,000); HA Fife Ltd £22,000 (2022: £22,000) Included in other creditors due in 12 months is the amount due to the directors £18,220 (2022:£ £18,220)
10.Stocks

2023

2022

££
Raw materials and consumables14,56310,191
Total14,56310,191
11.Debtors

2023

2022

££
Other debtors36,74939,007
Prepayments and accrued income35,10364,903
Total71,852103,910
12.Creditors within one year

2023

2022

££
Trade creditors / trade payables590,723445,104
Bank borrowings and overdrafts116,572116,572
Finance lease and HP contracts3,4063,406
Other creditors401,812488,630
Accrued liabilities and deferred income67,49954,011
Total1,180,0121,107,723
13.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts133,894244,169
Other creditors2,9767,026
Total136,870251,195
Included within creditors falling due within one year and creditors falling due after more than one year is £37,967(2022: £41,667) in respect of a bank loan which is guaranteed by the government under Coronavirus Business Interruption Loan Scheme. The loan is repayable by April 2026 and interest is charged at 3.99% above base rate per annum on this loan. Included within creditors falling due within one year and creditors falling due after more than one year is £212,498(2022: £319,074) in respect of a bank loan from Bank of Scotland which is secured by a floating charge over present and future assets of the company.
14.Finance lease and HP contracts after one year

2023

2022

££
Finance lease and HP contracts2,9767,026
Obligations under finance leases are secured on the related assets.
15.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)75,79776,543
Other provisions25,00025,000
Total100,797101,543