IRIS Accounts Production v24.2.0.383 11884975 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false A Ordinary 10.00000 B Ordinary 10.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh118849752022-12-31118849752023-12-31118849752023-01-012023-12-31118849752021-12-31118849752022-01-012022-12-31118849752022-12-3111884975ns15:EnglandWales2023-01-012023-12-3111884975ns14:PoundSterling2023-01-012023-12-3111884975ns10:Director12023-01-012023-12-3111884975ns10:Director22023-01-012023-12-3111884975ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3111884975ns10:SmallEntities2023-01-012023-12-3111884975ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3111884975ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3111884975ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3111884975ns10:FullAccounts2023-01-012023-12-3111884975ns10:OrdinaryShareClass12023-01-012023-12-3111884975ns10:OrdinaryShareClass22023-01-012023-12-3111884975ns10:Director42023-01-012023-12-3111884975ns10:Director52023-01-012023-12-3111884975ns10:RegisteredOffice2023-01-012023-12-3111884975ns5:CurrentFinancialInstruments2023-12-3111884975ns5:CurrentFinancialInstruments2022-12-3111884975ns5:Non-currentFinancialInstruments2023-12-3111884975ns5:Non-currentFinancialInstruments2022-12-3111884975ns5:ShareCapital2023-12-3111884975ns5:ShareCapital2022-12-3111884975ns5:SharePremium2023-12-3111884975ns5:SharePremium2022-12-3111884975ns5:CapitalRedemptionReserve2023-12-3111884975ns5:CapitalRedemptionReserve2022-12-3111884975ns5:RetainedEarningsAccumulatedLosses2023-12-3111884975ns5:RetainedEarningsAccumulatedLosses2022-12-3111884975ns5:PlantMachinery2022-12-3111884975ns5:PlantMachinery2023-01-012023-12-3111884975ns5:PlantMachinery2023-12-3111884975ns5:PlantMachinery2022-12-3111884975ns5:CostValuation2022-12-3111884975ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3111884975ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3111884975ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-12-3111884975ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2022-12-3111884975ns10:OrdinaryShareClass12023-12-3111884975ns10:OrdinaryShareClass22023-12-31
REGISTERED NUMBER: 11884975 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

NATIONAL BUYING CONSORTIUM LIMITED

NATIONAL BUYING CONSORTIUM LIMITED (REGISTERED NUMBER: 11884975)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NATIONAL BUYING CONSORTIUM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: D Lunt
G R Lunt
D A Longfellow
J L Granville





REGISTERED OFFICE: 18-19b Cheriton House
Cromwell Business Park
Chipping Norton
Oxfordshire
OX7 5SR





REGISTERED NUMBER: 11884975 (England and Wales)





ACCOUNTANTS: Jamesons Limited
Jamesons House
Compton Way
Witney
OX28 3AB

NATIONAL BUYING CONSORTIUM LIMITED (REGISTERED NUMBER: 11884975)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,903 40,625
Investments 5 1 1
48,904 40,626

CURRENT ASSETS
Debtors 6 1,637,094 1,693,155
Cash at bank 685,583 856,401
2,322,677 2,549,556
CREDITORS
Amounts falling due within one year 7 1,621,934 1,707,970
NET CURRENT ASSETS 700,743 841,586
TOTAL ASSETS LESS CURRENT LIABILITIES 749,647 882,212

CREDITORS
Amounts falling due after more than one
year

8

(5,966

)

-

PROVISIONS FOR LIABILITIES (2,106 ) (4,377 )
NET ASSETS 741,575 877,835

CAPITAL AND RESERVES
Called up share capital 9 4,630 4,830
Share premium 420,230 420,230
Capital redemption reserve 1,410 1,210
Retained earnings 315,305 451,565
SHAREHOLDERS' FUNDS 741,575 877,835

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

NATIONAL BUYING CONSORTIUM LIMITED (REGISTERED NUMBER: 11884975)

BALANCE SHEET - continued
31 DECEMBER 2023


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 18 September 2024 and were signed on its behalf by:




D Lunt - Director



G R Lunt - Director


NATIONAL BUYING CONSORTIUM LIMITED (REGISTERED NUMBER: 11884975)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

National Buying Consortium 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 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.

Financial instruments
Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less. For the purpose of the cash flow statement, cash and cash equivalents consist of cash and cash equivalents as defined above, net of outstanding bank overdrafts.

Short-term debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other operating expenses.

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.

NATIONAL BUYING CONSORTIUM LIMITED (REGISTERED NUMBER: 11884975)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

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 13 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 81,127
Additions 41,080
Disposals (20,850 )
At 31 December 2023 101,357
DEPRECIATION
At 1 January 2023 40,502
Charge for year 23,739
Eliminated on disposal (11,787 )
At 31 December 2023 52,454
NET BOOK VALUE
At 31 December 2023 48,903
At 31 December 2022 40,625

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 1
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

NATIONAL BUYING CONSORTIUM LIMITED (REGISTERED NUMBER: 11884975)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 1,305,516 1,346,211
Other debtors 7,066 12,450
1,312,582 1,358,661

Amounts falling due after more than one year:
Other debtors 324,512 334,494

Aggregate amounts 1,637,094 1,693,155

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 4,773 5,260
Trade creditors 1,401,493 1,475,650
Taxation and social security 161,042 185,160
Other creditors 54,626 41,900
1,621,934 1,707,970

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 5,966 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
438 A Ordinary £10 4,380 4,580
25 B Ordinary £10 250 250
4,630 4,830

The company brought back 20 A Ordinary share during the year.

NATIONAL BUYING CONSORTIUM LIMITED (REGISTERED NUMBER: 11884975)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors' subsisted during the years ended 31 December 2023 and
31 December 2022:

31-Dec-2331-Dec-22
£

Balance outstanding at start of year8561,168
Amounts advanced198-
Amounts repaid(312)(312)
Balance outstanding at end of the year742856