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REGISTERED NUMBER: 12098675 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JULY 2023

FOR

N37 LTD

N37 LTD (REGISTERED NUMBER: 12098675)

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










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


N37 LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mr N P W Beishon
Mrs S Beishon





REGISTERED OFFICE: 4th Floor Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP





REGISTERED NUMBER: 12098675 (England and Wales)





ACCOUNTANTS: JSA Services Limited
4th Floor
Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

N37 LTD (REGISTERED NUMBER: 12098675)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 JULY 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 5 29,959 39,618

CURRENT ASSETS
Debtors 32,881 38,974
Cash at bank 16,571 24,452
49,452 63,426
CREDITORS
Amounts falling due within one year 35,605 38,165
NET CURRENT ASSETS 13,847 25,261
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,806

64,879

CREDITORS
Amounts falling due after more than one
year

22,565

29,097
NET ASSETS 21,241 35,782

CAPITAL AND RESERVES
Called up share capital 6 10 10
Retained earnings 21,231 35,772
SHAREHOLDERS' FUNDS 21,241 35,782

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

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

N37 LTD (REGISTERED NUMBER: 12098675)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 JULY 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 April 2024 and were signed on its behalf by:





Mr N P W Beishon - Director


N37 LTD (REGISTERED NUMBER: 12098675)

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


1. STATUTORY INFORMATION

N37 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

4. EMPLOYEES AND DIRECTORS

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

N37 LTD (REGISTERED NUMBER: 12098675)

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


5. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 August 2022 87,351
Additions 1,724
Disposals (1,760 )
At 31 July 2023 87,315
DEPRECIATION
At 1 August 2022 47,733
Charge for year 11,383
Eliminated on disposal (1,760 )
At 31 July 2023 57,356
NET BOOK VALUE
At 31 July 2023 29,959
At 31 July 2022 39,618

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
10 Ordinary £1 10 10

7. PENSION COMMITMENTS

The company operates a defined pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £6,893 (2022 - £5,670).

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£ £
Mr N P W Beishon
Balance outstanding at start of year 5,037 -
Amounts advanced 22,972 21,961
Amounts repaid (22,987 ) (16,924 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,022 5,037

N37 LTD (REGISTERED NUMBER: 12098675)

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


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs S Beishon
Balance outstanding at start of year 10,838 (303 )
Amounts advanced 12,793 21,059
Amounts repaid (14,279 ) (9,918 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,352 10,838