IRIS Accounts Production v24.1.9.2 06432653 Board of Directors 1.4.23 31.3.24 31.3.24 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh064326532023-03-31064326532024-03-31064326532023-04-012024-03-31064326532022-03-31064326532022-04-012023-03-31064326532023-03-3106432653ns15:EnglandWales2023-04-012024-03-3106432653ns14:PoundSterling2023-04-012024-03-3106432653ns10:Director12023-04-012024-03-3106432653ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106432653ns10:SmallEntities2023-04-012024-03-3106432653ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3106432653ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106432653ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106432653ns10:FullAccounts2023-04-012024-03-3106432653ns10:Director22023-04-012024-03-3106432653ns10:Director32023-04-012024-03-3106432653ns10:Director42023-04-012024-03-3106432653ns10:CompanySecretary12023-04-012024-03-3106432653ns10:RegisteredOffice2023-04-012024-03-3106432653ns5:CurrentFinancialInstruments2024-03-3106432653ns5:CurrentFinancialInstruments2023-03-3106432653ns5:ShareCapital2024-03-3106432653ns5:ShareCapital2023-03-3106432653ns5:RetainedEarningsAccumulatedLosses2024-03-3106432653ns5:RetainedEarningsAccumulatedLosses2023-03-3106432653ns5:PlantMachinery2023-04-012024-03-3106432653ns5:FurnitureFittings2023-04-012024-03-3106432653ns5:MotorVehicles2023-04-012024-03-3106432653ns5:LandBuildings2023-03-3106432653ns5:PlantMachinery2023-03-3106432653ns5:FurnitureFittings2023-03-3106432653ns5:MotorVehicles2023-03-3106432653ns5:LandBuildings2023-04-012024-03-3106432653ns5:LandBuildings2024-03-3106432653ns5:PlantMachinery2024-03-3106432653ns5:FurnitureFittings2024-03-3106432653ns5:MotorVehicles2024-03-3106432653ns5:LandBuildings2023-03-3106432653ns5:PlantMachinery2023-03-3106432653ns5:FurnitureFittings2023-03-3106432653ns5:MotorVehicles2023-03-3106432653ns5:CostValuation2023-03-31
REGISTERED NUMBER: 06432653 (England and Wales)








Unaudited Financial Statements

for the Year Ended

31 March 2024

for

N.E.Downing (Holdings) Limited

N.E.Downing (Holdings) Limited (Registered number: 06432653)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


N.E.Downing (Holdings) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S E Downing
Mrs S K Downing
W S Downing
Mrs L H Griffiths





SECRETARY: W S Downing





REGISTERED OFFICE: 68/72 Mount Pleasant
Quarry Bank
Brierley Hill
West Midlands
DY5 2YS





REGISTERED NUMBER: 06432653 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

N.E.Downing (Holdings) Limited (Registered number: 06432653)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,763,041 2,849,404
Investments 5 20,000 20,000
2,783,041 2,869,404

CURRENT ASSETS
Debtors 6 3,000 -
Cash at bank 9,621 3,264
12,621 3,264
CREDITORS
Amounts falling due within one year 7 318,752 387,024
NET CURRENT LIABILITIES (306,131 ) (383,760 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,476,910

2,485,644

PROVISIONS FOR LIABILITIES 214,325 145,840
NET ASSETS 2,262,585 2,339,804

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 2,242,585 2,319,804
SHAREHOLDERS' FUNDS 2,262,585 2,339,804

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 14 June 2024 and were signed on its behalf by:




S E Downing - Director


N.E.Downing (Holdings) Limited (Registered number: 06432653)

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

1. STATUTORY INFORMATION

N.E.Downing (Holdings) 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.

Preparation of consolidated financial statements
The financial statements contain information about N.E.Downing (Holdings) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance

No depreciation is provided on freehold buildings as it is the company's policy to maintain its property in good condition to preserve its residual value such that any depreciation is immaterial. Maintenance is regularly undertaken and charged to profit and loss account.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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 4 (2023 - 4 ) .

N.E.Downing (Holdings) Limited (Registered number: 06432653)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 1,774,656 103,582 167,025 1,080,834 3,126,097
Additions 5,433 8,734 8,687 - 22,854
At 31 March 2024 1,780,089 112,316 175,712 1,080,834 3,148,951
DEPRECIATION
At 1 April 2023 - 68,841 86,019 121,833 276,693
Charge for year - 4,348 8,969 95,900 109,217
At 31 March 2024 - 73,189 94,988 217,733 385,910
NET BOOK VALUE
At 31 March 2024 1,780,089 39,127 80,724 863,101 2,763,041
At 31 March 2023 1,774,656 34,741 81,006 959,001 2,849,404

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 20,000
NET BOOK VALUE
At 31 March 2024 20,000
At 31 March 2023 20,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,000 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to subsidiary 205,687 374,180
Social security and other taxes 8,619 9,898
Other creditors 1,500 -
Accrued expenses 102,946 2,946
318,752 387,024