Company Registration No. 12492688 (England and Wales)
NTS SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
NTS SERVICES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
NTS SERVICES LIMITED
BALANCE SHEET
AS AT 30 JUNE 2023
30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
11,842
-
0
Investment properties
4
1,139,901
888,126
1,151,743
888,126
Current assets
Debtors
5
377,559
868,407
Cash at bank and in hand
18,513,509
18,518,369
18,891,068
19,386,776
Creditors: amounts falling due within one year
6
(31,518)
(364,624)
Net current assets
18,859,550
19,022,152
Total assets less current liabilities
20,011,293
19,910,278
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
20,011,292
19,910,277
Total equity
20,011,293
19,910,278

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 7 March 2024
..............
David Jones
Director
Company Registration No. 12492688
NTS SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 2 -
1
Accounting policies
Company information

NTS Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is 27 Old Gloucester Street, London, United Kingdom, WC1N 3AX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Turnover

Turnover is recognised at the point the invoice is raised, with the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

2
Employees

The average monthly number of persons employed by the company during the year was:

2023
2022
Number
Number
Total
-
0
-
0
NTS SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 3 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022
-
0
Additions
11,842
At 30 June 2023
11,842
Depreciation and impairment
At 1 July 2022 and 30 June 2023
-
0
Carrying amount
At 30 June 2023
11,842
At 30 June 2022
-
0
4
Investment property
2023
£
Fair value
At 1 July 2022
888,126
Other changes
251,775
At 30 June 2023
1,139,901
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
-
0
90,000
Corporation tax recoverable
-
0
848
-
0
90,848
2023
2022
Amounts falling due after more than one year:
£
£
Other debtors
377,559
777,559
Total debtors
377,559
868,407
NTS SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 4 -
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
4,962
347,663
Corporation tax
26,855
57,329
Other taxation and social security
(1,549)
(41,868)
Other creditors
1,250
1,500
31,518
364,624
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