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Company Registration No. 11914405 (England and Wales)
NB&Co. Ltd Unaudited accounts for the year ended 31 March 2024
NB&Co. Ltd Unaudited accounts Contents
Page
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NB&Co. Ltd Company Information for the year ended 31 March 2024
Director
Mr N Bennett
Company Number
11914405 (England and Wales)
Registered Office
8 Tapson Drive Plymouth PL9 9UA United Kingdom
Accountants
PBS Accounting Limited 11 Long Meadow Close Plympton Plymouth Devon PL7 4JG
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NB&Co. Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
377 
120 
Current assets
Debtors
21,221 
18,125 
Cash at bank and in hand
60,323 
66,522 
81,544 
84,647 
Creditors: amounts falling due within one year
(63,464)
(81,692)
Net current assets
18,080 
2,955 
Total assets less current liabilities
18,457 
3,075 
Provisions for liabilities
Deferred tax
(72)
- 
Net assets
18,385 
3,075 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
18,384 
3,074 
Shareholders' funds
18,385 
3,075 
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 11 July 2024 and were signed on its behalf by
Mr N Bennett Director Company Registration No. 11914405
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NB&Co. Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
NB&Co. Ltd is a private company, limited by shares, registered in England and Wales, registration number 11914405. The registered office is 8 Tapson Drive, Plymouth, PL9 9UA, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Fixtures & fittings
20% straight line
Computer equipment
33% straight line
Deferred taxation
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.
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NB&Co. Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
50 
150 
200 
Additions
- 
351 
351 
At 31 March 2024
50 
501 
551 
Depreciation
At 1 April 2023
30 
50 
80 
Charge for the year
10 
84 
94 
At 31 March 2024
40 
134 
174 
Net book value
At 31 March 2024
10 
367 
377 
At 31 March 2023
20 
100 
120 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
20,711 
17,647 
Accrued income and prepayments
510 
478 
21,221 
18,125 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
10,878 
6,906 
Trade creditors
477 
56 
Taxes and social security
14,362 
9,393 
Proposed dividends
- 
24,500 
Loans from directors
36,962 
39,848 
Accruals
785 
989 
63,464 
81,692 
7
Loans to directors
The director loaned the company £39,849 at the beginning of the year and £36,962 at the year end
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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