Company Registration No. 12453565 (England and Wales)
NRB Ltd
Unaudited accounts
for the year ended 29 February 2024
NRB Ltd
Unaudited accounts
Contents
NRB Ltd
Company Information
for the year ended 29 February 2024
Directors
Mr R Brooks
Mrs J Brooks
Company Number
12453565 (England and Wales)
Registered Office
18 West End
Walkington
East Yorkshire
HU17 8SX
England
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
NRB Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
2,049
3,040
Cash at bank and in hand
37
4,549
Creditors: amounts falling due within one year
(19,371)
(21,051)
Net current liabilities
(19,334)
(16,502)
Total assets less current liabilities
(17,285)
(13,462)
Provisions for liabilities
Net liabilities
(17,505)
(13,682)
Called up share capital
2
2
Profit and loss account
(17,507)
(13,684)
Shareholders' funds
(17,505)
(13,682)
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2024 and were signed on its behalf by
Mr R Brooks
Director
Company Registration No. 12453565
NRB Ltd
Notes to the Accounts
for the year ended 29 February 2024
NRB Ltd is a private company, limited by shares, registered in England and Wales, registration number 12453565. The registered office is 18 West End, Walkington, East Yorkshire, HU17 8SX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Cost
Fixtures & fittings
25% Cost
Computer equipment
25% Cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
These accounts have been prepared on the going concern basis, on the understanding that the director(s) will continue to financially support the company during this uncertain period.
NRB Ltd
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
1,760
165
2,031
3,956
At 29 February 2024
1,760
165
2,031
3,956
At 1 March 2023
661
62
193
916
Charge for the year
442
41
508
991
At 29 February 2024
1,103
103
701
1,907
At 29 February 2024
657
62
1,330
2,049
At 28 February 2023
1,099
103
1,838
3,040
5
Creditors: amounts falling due within one year
2024
2023
Loans from directors
18,795
20,763
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).