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REGISTERED NUMBER: 07911395 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Nepean Construction (2011) Limited

Nepean Construction (2011) Limited (Registered number: 07911395)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Nepean Construction (2011) Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: D C Nepean
Mrs T Nepean





SECRETARY:





REGISTERED OFFICE: Danienon
Cwmorgan
Newcastle Emlyn
Ceredigion
SA38 9LZ





REGISTERED NUMBER: 07911395 (England and Wales)





ACCOUNTANTS: Eagle Accountancy (UK) Limited
2 Coracle Offices
St Catherine Street
Carmarthen
Carmarthenshire
SA31 1RD

Nepean Construction (2011) Limited (Registered number: 07911395)

Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,386 29,128

CURRENT ASSETS
Stocks 4,135 3,377
Debtors 5 7,956 1,789
Cash at bank - 1,523
12,091 6,689
CREDITORS
Amounts falling due within one year 6 26,588 48,383
NET CURRENT LIABILITIES (14,497 ) (41,694 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,889

(12,566

)

CREDITORS
Amounts falling due after more than one year 7 (11,364 ) -

PROVISIONS FOR LIABILITIES 8 (7,103 ) (3,757 )
NET ASSETS/(LIABILITIES) 4,422 (16,323 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,322 (16,423 )
4,422 (16,323 )

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

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

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 12 August 2024 and were signed on its behalf by:





D C Nepean - Director


Nepean Construction (2011) Limited (Registered number: 07911395)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Nepean Construction (2011) 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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 10% on reducing balance
Computer equipment - 10% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Nepean Construction (2011) Limited (Registered number: 07911395)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 67,371 10,275 567 78,213
Additions 17,000 - - 17,000
At 31 January 2024 84,371 10,275 567 95,213
DEPRECIATION
At 1 February 2023 43,065 5,609 411 49,085
Charge for year 8,261 466 15 8,742
At 31 January 2024 51,326 6,075 426 57,827
NET BOOK VALUE
At 31 January 2024 33,045 4,200 141 37,386
At 31 January 2023 24,306 4,666 156 29,128

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 6,812 1,789
Other debtors 1,144 -
7,956 1,789

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 4,581 -
Hire purchase contracts 5,636 -
Trade creditors - 371
Taxation and social security 5,807 14,832
Other creditors 10,564 33,180
26,588 48,383

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 11,364 -

8. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax
Accelerated capital allowances 7,103 3,757

Deferred
tax
£   
Balance at 1 February 2023 3,757
Provided during year 3,346
Balance at 31 January 2024 7,103