Company Registration No. 11162285 (England and Wales)
Nene Valley Enterprises Limited
Profit & Loss Statement
for the year ended 31 December 2023
Nene Valley Enterprises Limited
Profit & Loss Statement
Contents
Nene Valley Enterprises Limited
Company Information
for the year ended 31 December 2023
Company Number
11162285 (England and Wales)
Registered Office
112 Station Road
Cogenhoe
Northampton
NN7 1LU
Accountants
Paula King t/a Back2Basics Bookkeeping
11 Kilworth Road
Swinford
Leicestershire
LE17 6BQ
Nene Valley Enterprises Limited
Statement of financial position
as at 31 December 2023
Tangible assets
738,087
85,317
Inventories
345,314
379,346
Cash at bank and in hand
53,585
290,046
Creditors: amounts falling due within one year
(674,840)
(592,004)
Net current (liabilities)/assets
(257,580)
103,264
Total assets less current liabilities
480,507
188,581
Creditors: amounts falling due after more than one year
(344,830)
(36,334)
Net assets
135,677
152,247
Called up share capital
1
1
Profit and loss account
135,676
152,246
Shareholders' funds
135,677
152,247
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 September 2024 and were signed on its behalf by
Mark Littlewood
Director
Company Registration No. 11162285
Nene Valley Enterprises Limited
Notes to the Accounts
for the year ended 31 December 2023
Nene Valley Enterprises Limited is a private company, limited by shares, registered in England and Wales, registration number 11162285. The registered office is 112 Station Road, Cogenhoe, Northampton, NN7 1LU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Fixtures & fittings
10%, 20% or 50% Straight Line dependant on estimated useful life
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 January 2023
-
157
102,082
567
1,632
104,438
Additions
550,000
54,400
37,660
87,607
1,604
731,271
Disposals
-
-
(57,083)
-
-
(57,083)
At 31 December 2023
550,000
54,557
82,659
88,174
3,236
778,626
At 1 January 2023
-
157
17,504
432
1,028
19,121
Charge for the year
-
10,882
-
9,787
749
21,418
At 31 December 2023
-
11,039
17,504
10,219
1,777
40,539
At 31 December 2023
550,000
43,518
65,155
77,955
1,459
738,087
At 31 December 2022
-
-
84,578
135
604
85,317
Nene Valley Enterprises Limited
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Trade debtors
18,136
25,176
Accrued income and prepayments
225
700
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
13,993
10,000
Obligations under finance leases and hire purchase contracts
2,522
2,522
Trade creditors
41,759
10,896
Taxes and social security
5,836
19,738
Other creditors
194,575
199,563
Loans from directors
401,875
348,835
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
10,794
12,168
8
Average number of employees
During the year the average number of employees was 11 (2022: 6).