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REGISTERED NUMBER: 10646994 (England and Wales)






















N D and S Sellers Limited

Unaudited Financial Statements for the Year Ended 31st March 2024






N D and S Sellers Limited (Registered number: 10646994)






Contents of the Financial Statements
for the year ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N D and S Sellers Limited

Company Information
for the year ended 31st March 2024







DIRECTORS: N Sellers
D Sellers
S Sellers





REGISTERED OFFICE: Premier Paint Shop
The Elms Workshops
New Road
Brandesburton
North Yorkshire
YO25 8RT





REGISTERED NUMBER: 10646994 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

N D and S Sellers Limited (Registered number: 10646994)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 161,658 135,785

CURRENT ASSETS
Stocks 12,000 9,827
Debtors 5 139,577 138,069
Cash at bank and in hand 15,034 10,092
166,611 157,988
CREDITORS
Amounts falling due within one year 6 209,110 176,081
NET CURRENT LIABILITIES (42,499 ) (18,093 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,159

117,692

CREDITORS
Amounts falling due after more than one
year

7

(28,073

)

(48,945

)

PROVISIONS FOR LIABILITIES (25,981 ) (24,211 )
NET ASSETS 65,105 44,536

CAPITAL AND RESERVES
Called up share capital 8 93 93
Retained earnings 65,012 44,443
65,105 44,536

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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 D and S Sellers Limited (Registered number: 10646994)

Balance Sheet - continued
31st March 2024


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 6th August 2024 and were signed on its behalf by:





N Sellers - Director


N D and S Sellers Limited (Registered number: 10646994)

Notes to the Financial Statements
for the year ended 31st March 2024

1. STATUTORY INFORMATION

N D and S Sellers Limited 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.

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 etc - 25% on reducing balance and 20% on reducing balance

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

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.

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.

N D and S Sellers Limited (Registered number: 10646994)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

2. ACCOUNTING POLICIES - continued

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.

Government grants
Government grants in respect of capital expenditure are credited to the profit and loss account over the estimated lives of the relevant fixed assets. The amount shown in the balance sheet as deferred government grants represents the total grants receivable to date less the amounts so far released to profit and loss account.

Grants of a revenue nature which are made to give immediate financial support or to reimburse costs previously incurred are credited to profit and loss account in the period in which they become receivable.

Grants of a revenue nature which are made to finance general activities over a specified period or to compensate for a loss of current or future income are credited to profit and loss account in the period in which they are paid.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2023 32,340 197,040 229,380
Additions 19,827 32,908 52,735
Disposals - (1,810 ) (1,810 )
At 31st March 2024 52,167 228,138 280,305
DEPRECIATION
At 1st April 2023 - 93,595 93,595
Charge for year - 26,482 26,482
Eliminated on disposal - (1,430 ) (1,430 )
At 31st March 2024 - 118,647 118,647
NET BOOK VALUE
At 31st March 2024 52,167 109,491 161,658
At 31st March 2023 32,340 103,445 135,785

N D and S Sellers Limited (Registered number: 10646994)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

4. 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 1st April 2023 64,170
Additions 18,250
At 31st March 2024 82,420
DEPRECIATION
At 1st April 2023 21,227
Charge for year 12,897
At 31st March 2024 34,124
NET BOOK VALUE
At 31st March 2024 48,296
At 31st March 2023 42,943

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 126,083 116,583
Other debtors 13,494 21,486
139,577 138,069

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 14,415 10,168
Hire purchase contracts 18,372 13,872
Trade creditors 57,316 70,823
Taxation and social security 68,013 48,799
Other creditors 50,994 32,419
209,110 176,081

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 20,000 30,000
Hire purchase contracts 8,073 18,945
28,073 48,945

N D and S Sellers Limited (Registered number: 10646994)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

8. CALLED UP SHARE CAPITAL

Allotted,issued and fully
paid:

Number Class Nominal 2024 2023
value £ £
90 Ordinary £1 Share £1 90 90
1 A Ordinary £1 Share £1 1 1
1 B Ordinary £1 Share £1 1 1
1 C Ordinary £1 Share £1 1 1
93 93