Registered number
11293072
Nomad Supply Store Limited
Accounts
For the Year Ended
30 April 2024
Oakensen
Chartered Accountants
Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
Nomad Supply Store Limited
Registered number: 11293072
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 11,662 6,696
Current assets
Stocks 30,236 48,050
Debtors 4 1,674 5,741
Cash at bank and in hand 9,210 5,009
41,120 58,800
Creditors: amounts falling due within one year 5 (53,377) (47,423)
Net current (liabilities)/assets (12,257) 11,377
Total assets less current liabilities (595) 18,073
Creditors: amounts falling due after more than one year 6 (42,088) (47,844)
Net liabilities (42,683) (29,771)
Capital and reserves
Called up share capital 100 100
Profit and loss account (42,783) (29,871)
Shareholders' funds (42,683) (29,771)
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.
T T James
Director
Approved by the board on 27 August 2024
Nomad Supply Store Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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. Turnover is recognised when payment is received.
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:
Fixtures and fittings over 7 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price, which is usually the invoice price, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price, which is usually the invoice price.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 7
3 Tangible fixed assets
Fixtures and fittings Motor vehicles Total
£ £ £
Cost
At 1 May 2023 12,032 - 12,032
Additions 1,957 6,995 8,952
At 30 April 2024 13,989 6,995 20,984
Depreciation
At 1 May 2023 5,336 - 5,336
Charge for the year 3,986 - 3,986
At 30 April 2024 9,322 - 9,322
Net book value
At 30 April 2024 4,667 6,995 11,662
At 30 April 2023 6,696 - 6,696
4 Debtors 2024 2023
£ £
Other debtors 1,674 5,741
5 Creditors: amounts falling due within one year 2024 2023
£ £
Gift card liability 4,840 2,396
Trade creditors 30,405 38,396
Taxation and social security costs 5,366 541
Other creditors 12,766 6,090
53,377 47,423
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 42,088 47,844
7 Related party transactions
Included in creditors due after one year is an amount of £42,088 (2023 - £47,844) which is due to the directors.
8 Other information
Nomad Supply Store Limited is a private company limited by shares and incorporated in England. Its registered office is:
7 Catherine Hill
Frome
Somerset
BA11 1BY
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