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REGISTERED NUMBER: 09818746 (England and Wales)










Report of the Directors and


Abridged Financial Statements for the Year Ended 31 December 2023

for

NRB Accountancy Ltd

NRB Accountancy Ltd (Registered number: 09818746)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Report of the Directors 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


NRB Accountancy Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R F Norris
J R Ball





REGISTERED OFFICE: 40 Market Place
Belper
Derbyshire
DE56 1FZ





REGISTERED NUMBER: 09818746 (England and Wales)





ACCOUNTANTS: NRB Accountancy Limited
40 Market Place
Belper
Derbyshire
DE56 1FZ

NRB Accountancy Ltd (Registered number: 09818746)

Report of the Directors
for the Year Ended 31 December 2023

The directors present their report with the financial statements of the company for the year ended 31 December 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.

R F Norris
J R Ball

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





R F Norris - Director


16 August 2024

NRB Accountancy Ltd (Registered number: 09818746)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,000 10,000
Tangible assets 5 183,808 183,773
191,808 193,773

CURRENT ASSETS
Stocks 10,550 7,125
Debtors 19,027 39,681
Cash at bank 12,253 7,599
41,830 54,405
CREDITORS
Amounts falling due within one year 46,420 51,365
NET CURRENT (LIABILITIES)/ASSETS (4,590 ) 3,040
TOTAL ASSETS LESS CURRENT
LIABILITIES

187,218

196,813

CREDITORS
Amounts falling due after more than one
year

6

(108,976

)

(117,447

)

PROVISIONS FOR LIABILITIES (8,496 ) (8,261 )
NET ASSETS 69,746 71,105

CAPITAL AND RESERVES
Called up share capital 4 4
Fair value reserve 7 32,159 -
Retained earnings 37,583 71,101
SHAREHOLDERS' FUNDS 69,746 71,105

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

NRB Accountancy Ltd (Registered number: 09818746)

Abridged Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 16 August 2024 and were signed on its behalf by:





R F Norris - Director


NRB Accountancy Ltd (Registered number: 09818746)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

NRB Accountancy 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on cost

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 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.

NRB Accountancy Ltd (Registered number: 09818746)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 20,000
AMORTISATION
At 1 January 2023 10,000
Amortisation for year 2,000
At 31 December 2023 12,000
NET BOOK VALUE

At 31 December 2023 8,000
At 31 December 2022 10,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 194,849
Additions 1,304
At 31 December 2023 196,153
DEPRECIATION
At 1 January 2023 11,076
Charge for year 1,269
At 31 December 2023 12,345
NET BOOK VALUE
At 31 December 2023 183,808
At 31 December 2022 183,773

NRB Accountancy Ltd (Registered number: 09818746)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.12.23 31.12.22
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 69,467 77,316

7. RESERVES
Fair
value
reserve
£   
Fair value adjustment 32,159

At 31 December 2023 32,159

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors introduced funds to and withdrew funds from the company by way of a directors' loan account. This loan is interest free and repayable upon demand. At the year end the company owed the directors £5,715 (2022: £12,495) and this amount is included in creditors.