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REGISTERED NUMBER: 07569270















Unaudited Financial Statements for the Year Ended 31 March 2024

for

NM Products Limited

NM Products Limited (Registered number: 07569270)






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


NM Products Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: N Mason





REGISTERED OFFICE: 20 Rainbow Way
Sheffield
S12 4BJ





REGISTERED NUMBER: 07569270





ACCOUNTANTS: A&MPG Limited
6 Meadowhead
Sheffield
South Yorkshire
S8 7UD

NM Products Limited (Registered number: 07569270)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,878 5,170

CURRENT ASSETS
Stocks 460,350 397,800
Debtors 5 - 6,509
Prepayments and accrued income 3,027 4,299
Cash in hand 3,637 878
467,014 409,486
CREDITORS
Amounts falling due within one year 6 383,218 349,122
NET CURRENT ASSETS 83,796 60,364
TOTAL ASSETS LESS CURRENT LIABILITIES 87,674 65,534

CAPITAL AND RESERVES
Called up share capital 12,000 12,000
Retained earnings 75,674 53,534
87,674 65,534

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 director acknowledges his 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 Profit and loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 September 2024 and were signed by:



N Mason - Director


NM Products Limited (Registered number: 07569270)

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

1. STATUTORY INFORMATION

NM Products Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

NM Products Limited (Registered number: 07569270)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 18,540 12,897 31,437
DEPRECIATION
At 1 April 2023 14,338 11,929 26,267
Charge for year 1,050 242 1,292
At 31 March 2024 15,388 12,171 27,559
NET BOOK VALUE
At 31 March 2024 3,152 726 3,878
At 31 March 2023 4,202 968 5,170

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 6,509

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 43,591 8,001
Trade creditors 8,587 91,829
Taxation and social security 23,964 5,607
Other creditors 307,076 243,685
383,218 349,122