Registered number
07785905
NL2011 Limited
Filleted Accounts
31 March 2024
NL2011 Limited
Registered number: 07785905
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 15,717
Current assets
Debtors 4 9,662 17
Cash at bank and in hand 192,513 197,883
202,175 197,900
Creditors: amounts falling due within one year 5 (3,082) (4,686)
Net current assets 199,093 193,214
Net assets 199,093 208,931
Capital and reserves
Called up share capital 100 100
Profit and loss account 198,993 208,831
Shareholders' funds 199,093 208,931
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr N Long
Director
Approved by the board on 21 August 2024
NL2011 Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 7,609 34,294 41,903
Disposals (7,609) (34,294) (41,903)
At 31 March 2024 - - -
Depreciation
At 1 April 2023 5,938 20,248 26,186
Charge for the year 1,671 2,809 4,480
On disposals (7,609) (23,057) (30,666)
At 31 March 2024 - - -
Net book value
At 31 March 2024 - - -
At 31 March 2023 1,671 14,046 15,717
4 Debtors 2024 2023
£ £
Other debtors 9,662 17
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 72 -
Taxation and social security costs 1,662 3,031
Other creditors 1,348 1,655
3,082 4,686
6 Controlling party
Mr Long controls the company by virtue of a controlling interest of 51% of the issued ordinary share capital.
7 Other information
NL2011 Limited is a private company limited by shares and incorporated in England. Its registered office is:
17 Wellington Gardens
Battle
East Sussex
TN33 OHD
NL2011 Limited 07785905 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2022 Mr N Long No description of principal activity 07785905 2022-04-01 2023-03-31 07785905 core:WithinOneYear 2023-03-31 07785905 core:ShareCapital 2023-03-31 07785905 core:RetainedEarningsAccumulatedLosses 2023-03-31 07785905 2023-04-01 2024-03-31 07785905 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07785905 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07785905 bus:Director40 2023-04-01 2024-03-31 07785905 1 2023-04-01 2024-03-31 07785905 2 2023-04-01 2024-03-31 07785905 core:PlantMachinery 2023-04-01 2024-03-31 07785905 core:Vehicles 2023-04-01 2024-03-31 07785905 countries:England 2023-04-01 2024-03-31 07785905 bus:FRS102 2023-04-01 2024-03-31 07785905 bus:FullAccounts 2023-04-01 2024-03-31 07785905 2024-03-31 07785905 core:WithinOneYear 2024-03-31 07785905 core:ShareCapital 2024-03-31 07785905 core:RetainedEarningsAccumulatedLosses 2024-03-31 07785905 core:PlantMachinery 2024-03-31 07785905 core:Vehicles 2024-03-31 07785905 2023-03-31 07785905 core:PlantMachinery 2023-03-31 07785905 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure