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REGISTERED NUMBER: SC309995 (Scotland)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Nrs Electrical Ltd.

Nrs Electrical Ltd. (Registered number: SC309995)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nrs Electrical Ltd.

Company Information
for the Year Ended 31 October 2023







DIRECTOR: N R Sharp





SECRETARY: Mrs S Sharp





REGISTERED OFFICE: 5 Belhaven Road
Pitmedden
Ellon
Aberdeenshire
AB41 7XA





REGISTERED NUMBER: SC309995 (Scotland)





ACCOUNTANTS: Add Accountancy Limited
6 Market Square
Oldmeldrum
Aberdeenshire
AB51 0AA

Nrs Electrical Ltd. (Registered number: SC309995)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,887 3,609

CURRENT ASSETS
Stocks 2,174 2,174
Debtors 5 14,363 13,276
Cash at bank 19 2,173
16,556 17,623
CREDITORS
Amounts falling due within one year 6 30,321 31,876
NET CURRENT LIABILITIES (13,765 ) (14,253 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,878

)

(10,644

)

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings (10,881 ) (10,647 )
SHAREHOLDERS' FUNDS (10,878 ) (10,644 )

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

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

The director acknowledges his 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.

Nrs Electrical Ltd. (Registered number: SC309995)

Balance Sheet - continued
31 October 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 director and authorised for issue on 30 July 2024 and were signed by:





N R Sharp - Director


Nrs Electrical Ltd. (Registered number: SC309995)

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

1. STATUTORY INFORMATION

Nrs Electrical Ltd. is a private company, limited by shares , registered in Scotland. 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.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022
and 31 October 2023 17,020 10,250 1,427 28,697
DEPRECIATION
At 1 November 2022 15,965 8,204 919 25,088
Charge for year 211 409 102 722
At 31 October 2023 16,176 8,613 1,021 25,810
NET BOOK VALUE
At 31 October 2023 844 1,637 406 2,887
At 31 October 2022 1,055 2,046 508 3,609

Nrs Electrical Ltd. (Registered number: SC309995)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 1,499 683
Directors' current accounts 12,864 12,593
14,363 13,276

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 1,632 3,422
Tax 4,288 115
VAT 23,641 27,579
Accrued expenses 760 760
30,321 31,876