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REGISTERED NUMBER: 02015517 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

NKC GEOTECH LTD

NKC GEOTECH LTD (REGISTERED NUMBER: 02015517)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NKC GEOTECH LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTOR: N K Catlow



REGISTERED OFFICE: 25 Grosvenor Road
Wrexham
LL11 1BT



REGISTERED NUMBER: 02015517 (England and Wales)



ACCOUNTANTS: M. D. Coxey and Co. Limited
Chartered Accountants
25, Grosvenor Road
Wrexham
LL11 1BT



BANKERS: Co-operative Bank plc
Castle Street
Liverpool
L2 7UE

NKC GEOTECH LTD (REGISTERED NUMBER: 02015517)

BALANCE SHEET
30TH NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,663 18,729

CURRENT ASSETS
Debtors 5 20,808 23,032
Cash at bank 25,296 33,351
46,104 56,383
CREDITORS
Amounts falling due within one year 6 43,865 14,858
NET CURRENT ASSETS 2,239 41,525
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,902

60,254

PROVISIONS FOR LIABILITIES 7 121 2,154
NET ASSETS 16,781 58,100

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 16,681 58,000
SHAREHOLDERS' FUNDS 16,781 58,100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8th July 2024 and were signed by:



N K Catlow - Director


NKC GEOTECH LTD (REGISTERED NUMBER: 02015517)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023

1. STATUTORY INFORMATION

NKC Geotech 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Improvements to property - 10% on cost
Plant and machinery - 10% on cost
Motor vehicles - 20% on cost
Office Equipment - 10% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets held under hire purchase agreements and finance leases are included in tangible fixed assets. Obligations under such agreements are stated in the balance sheet net of finance charges allocated to future periods. The finance element of the lease instalments payable is charged to the profit and loss account over the period of the lease and is calculated so that the annual rate of the charge on the capital element outstanding is constant.

NKC GEOTECH LTD (REGISTERED NUMBER: 02015517)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Office
property machinery vehicles Equipment Totals
£    £    £    £    £   
COST
At 1st December 2022
and 30th November 2023 7,087 95,914 59,948 30,561 193,510
DEPRECIATION
At 1st December 2022 4,759 89,052 59,224 21,746 174,781
Charge for year 411 1,249 533 1,873 4,066
At 30th November 2023 5,170 90,301 59,757 23,619 178,847
NET BOOK VALUE
At 30th November 2023 1,917 5,613 191 6,942 14,663
At 30th November 2022 2,328 6,862 724 8,815 18,729

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 12,420 19,234
Other debtors 1,690 2,161
Tax 4,140 -
Prepayments 2,558 1,637
20,808 23,032

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 666 83
Tax - 4,140
Social security and other taxes 622 -
VAT 3,739 3,082
Directors' current accounts 37,182 5,986
Accrued expenses 1,656 1,567
43,865 14,858

7. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax
Accelerated capital allowances 1,514 2,154
Tax losses carried forward (1,393 ) -
121 2,154

NKC GEOTECH LTD (REGISTERED NUMBER: 02015517)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st December 2022 2,154
Movement in year due to: -
changes in tax allowances (640 )
changes in tax rates
changes in tax losses (1,393 )
Balance at 30th November 2023 121

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100

9. CAPITAL COMMITMENTS
30.11.23 30.11.22
£    £   
Contracted but not provided for in the
financial statements - -

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N K Catlow.