NSBDC LIMITED

Company Registration Number:
14556485 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 23 December 2022

End date: 31 March 2024

NSBDC LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

NSBDC LIMITED

Balance sheet

As at 31 March 2024


Notes

15 months to 31 March 2024


£
Fixed assets
Intangible assets: 3 206,261
Tangible assets: 4 23,327
Total fixed assets: 229,588
Current assets
Stocks: 19,008
Debtors: 5 436
Cash at bank and in hand: 66,523
Total current assets: 85,967
Creditors: amounts falling due within one year:   (70,633)
Net current assets (liabilities): 15,334
Total assets less current liabilities: 244,922
Creditors: amounts falling due after more than one year: 6 (156,090)
Total net assets (liabilities): 88,832
Capital and reserves
Called up share capital: 100
Profit and loss account: 88,732
Shareholders funds: 88,832

The notes form part of these financial statements

NSBDC LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 September 2024
and signed on behalf of the board by:

Name: Mrs S L Cole
Status: Director

The notes form part of these financial statements

NSBDC LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. The company recognises revenue when The amount of revenue can be reliably measured It is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities

Tangible fixed assets and depreciation policy

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life. Leasehold buildings - 10% straight line Plant and Machinery - 25% on reducing balance Fixtures and Fittings - 25% on reducing balance Office Equipment - 25% on reducing balance

Intangible fixed assets and amortisation policy

Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised in order to write off the cost less estimated residual value over its estimated useful life. Amortisation is at 5% straight line

Valuation and information policy

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in first-out (FIFO) method. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Other accounting policies

Defined Contribution Pension Obligation A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contributions plans are recognised as employee benefit expenses when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

NSBDC LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

15 months to 31 March 2024
Average number of employees during the period 9

NSBDC LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Intangible Assets

Total
Cost £
Additions 217,117
At 31 March 2024 217,117
Amortisation
Charge for year 10,856
At 31 March 2024 10,856
Net book value
At 31 March 2024 206,261

NSBDC LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible Assets

Total
Cost £
Additions 26,578
At 31 March 2024 26,578
Depreciation
Charge for year 3,251
At 31 March 2024 3,251
Net book value
At 31 March 2024 23,327

NSBDC LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors

15 months to 31 March 2024
£
Debtors due after more than one year: 0

NSBDC LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due after more than one year note

The amount falling due after more than one year includes £95,961 relating to bank loans which are on repayment schedule.