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REGISTERED NUMBER: 01780731 (England and Wales)















Unaudited Financial Statements

for the Period 1 February 2023 to 30 April 2024

for

N C B Marking Equipment Limited

N C B Marking Equipment Limited (Registered number: 01780731)






Contents of the Financial Statements
for the Period 1 February 2023 to 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N C B Marking Equipment Limited

Company Information
for the Period 1 February 2023 to 30 April 2024







DIRECTOR: C W Bowers





SECRETARY: Mrs S L Bowers





REGISTERED OFFICE: 14 Balmercut
Buckingham Industrial Park
Buckingham
MK18 1SQ





REGISTERED NUMBER: 01780731 (England and Wales)





ACCOUNTANTS: LR Business Services Limited
Old Orchard
Crown East Lane
Lower Broadheath
Worcester
Worcestershire
WR2 6RH

N C B Marking Equipment Limited (Registered number: 01780731)

Balance Sheet
30 April 2024

30.4.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,170 3,420
Investment property 5 - 141,233
62,170 144,653

CURRENT ASSETS
Stocks 6 81,960 78,839
Debtors 7 355,067 274,901
Cash at bank 113,347 134,693
550,374 488,433
CREDITORS
Amounts falling due within one year 8 268,967 322,553
NET CURRENT ASSETS 281,407 165,880
TOTAL ASSETS LESS CURRENT
LIABILITIES

343,577

310,533

CREDITORS
Amounts falling due after more than
one year

9

57,633

30,085
NET ASSETS 285,944 280,448

CAPITAL AND RESERVES
Called up share capital 10 1,100 1,100
Retained earnings 11 284,844 279,348
SHAREHOLDERS' FUNDS 285,944 280,448

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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.

N C B Marking Equipment Limited (Registered number: 01780731)

Balance Sheet - continued
30 April 2024


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 director and authorised for issue on 28 August 2024 and were signed by:





C W Bowers - Director


N C B Marking Equipment Limited (Registered number: 01780731)

Notes to the Financial Statements
for the Period 1 February 2023 to 30 April 2024

1. STATUTORY INFORMATION

N C B Marking Equipment 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - at varying rates on cost
Motor vehicles - at varying rates on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 period 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.


N C B Marking Equipment Limited (Registered number: 01780731)

Notes to the Financial Statements - continued
for the Period 1 February 2023 to 30 April 2024

2. ACCOUNTING POLICIES - continued
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 period 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2023 189,943 - 189,943
Additions - 64,000 64,000
At 30 April 2024 189,943 64,000 253,943
DEPRECIATION
At 1 February 2023 186,523 - 186,523
Charge for period 2,500 2,750 5,250
At 30 April 2024 189,023 2,750 191,773
NET BOOK VALUE
At 30 April 2024 920 61,250 62,170
At 31 January 2023 3,420 - 3,420

N C B Marking Equipment Limited (Registered number: 01780731)

Notes to the Financial Statements - continued
for the Period 1 February 2023 to 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 64,000
At 30 April 2024 64,000
DEPRECIATION
Charge for period 2,750
At 30 April 2024 2,750
NET BOOK VALUE
At 30 April 2024 61,250

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 141,233
Disposals (141,233 )
At 30 April 2024 -
NET BOOK VALUE
At 30 April 2024 -
At 31 January 2023 141,233

6. STOCKS
30.4.24 31.1.23
£    £   
Stocks 81,960 78,839

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 31.1.23
£    £   
Trade debtors 173,450 129,587
Amounts owed by group undertakings 172,000 -
Related company loan - 140,000
Prepayments 9,617 5,314
355,067 274,901

N C B Marking Equipment Limited (Registered number: 01780731)

Notes to the Financial Statements - continued
for the Period 1 February 2023 to 30 April 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 31.1.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 11,200 -
Trade creditors 153,192 129,164
Tax 64,697 19,074
Social security and other taxes 1,988 1,989
VAT 13,700 15,062
Related company loan - 101,176
Sundry creditors 10,004 -
Directors' current accounts - 38,669
Accruals and deferred income 4,186 7,419
268,967 322,553

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 31.1.23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 7,500 20,085
Hire purchase contracts 40,133 -
57,633 30,085

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 31.1.23
value: £    £   
1,100 Ordinary £1 1,100 1,100

11. RESERVES
Retained
earnings
£   

At 1 February 2023 279,348
Profit for the period 204,382
Dividends (198,886 )
At 30 April 2024 284,844

12. POST BALANCE SHEET EVENTS

Following the financial period, on 1st May 2024, the trade and employees of the Parent company, Padtec Limited, were transferred to NCB Marking Equipment Limited.