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REGISTERED NUMBER: 03040581 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

NUNEATON HOSE & FITTINGS LIMITED

NUNEATON HOSE & FITTINGS LIMITED (REGISTERED NUMBER: 03040581)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NUNEATON HOSE & FITTINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr B P Arnold
Mr D Sergent





REGISTERED OFFICE: Gethin House
36 Bond Street
Nuneaton
Warwickshire
CV11 4DA





REGISTERED NUMBER: 03040581 (England and Wales)





ACCOUNTANTS: Armstrongs Bishop Simmons
Chartered Accountants and Tax Advisors
Gethin House
36 Bond Street
Nuneaton
Warwickshire
CV11 4DA

NUNEATON HOSE & FITTINGS LIMITED (REGISTERED NUMBER: 03040581)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 122,767 110,469

CURRENT ASSETS
Stocks 275,184 256,928
Debtors 5 1,369,688 1,335,533
Cash at bank and in hand 365,054 172,321
2,009,926 1,764,782
CREDITORS
Amounts falling due within one year 6 299,160 297,082
NET CURRENT ASSETS 1,710,766 1,467,700
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,833,533

1,578,169

PROVISIONS FOR LIABILITIES 30,399 27,617
NET ASSETS 1,803,134 1,550,552

CAPITAL AND RESERVES
Called up share capital 990 990
Share premium 19,960 19,960
Revaluation reserve 1,050 1,050
Retained earnings 1,781,134 1,528,552
1,803,134 1,550,552

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.

NUNEATON HOSE & FITTINGS LIMITED (REGISTERED NUMBER: 03040581)

BALANCE SHEET - continued
31 MARCH 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 Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by:




Mr B P Arnold - Director



Mr D Sergent - Director


NUNEATON HOSE & FITTINGS LIMITED (REGISTERED NUMBER: 03040581)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Nuneaton Hose & Fittings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will now flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on the dispatch of goods.

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 - 33% on cost, 25% on reducing balance and 15% on reducing balance
Fixtures and fittings - 8% on cost
Motor vehicles - 25% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.

NUNEATON HOSE & FITTINGS LIMITED (REGISTERED NUMBER: 03040581)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 15 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 119,021 21,125 112,233 252,379
Additions 9,957 - 44,000 53,957
Disposals (7,160 ) - - (7,160 )
At 31 March 2024 121,818 21,125 156,233 299,176
DEPRECIATION
At 1 April 2023 78,488 18,649 44,773 141,910
Charge for year 12,716 310 27,866 40,892
Eliminated on disposal (6,393 ) - - (6,393 )
At 31 March 2024 84,811 18,959 72,639 176,409
NET BOOK VALUE
At 31 March 2024 37,007 2,166 83,594 122,767
At 31 March 2023 40,533 2,476 67,460 110,469

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 387,072 392,950
Amounts owed by group undertakings 975,309 931,294
Other debtors 2,987 4,000
Prepayments and accrued income 4,320 7,289
1,369,688 1,335,533

NUNEATON HOSE & FITTINGS LIMITED (REGISTERED NUMBER: 03040581)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 115,920 142,762
Taxation and social security 179,624 147,505
Other creditors 3,616 6,815
299,160 297,082

7. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is NHF Holdings Ltd.