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REGISTERED NUMBER: 02043844 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 March 2024

for

Needsuper Limited

Needsuper Limited (Registered number: 02043844)






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


Needsuper Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: N Nathwani
Mrs P Nathwani





SECRETARY: N Nathwani





REGISTERED OFFICE: 1c Henley Business Park
Pirbright Road
Guildford
Surrey
GU3 2DX





REGISTERED NUMBER: 02043844 (England and Wales)





ACCOUNTANTS: LB Group Advisory Limited
Swift House, Ground Floor
18 Hoffmanns Way
Chelmsford
Essex
CM1 1GU

Needsuper Limited (Registered number: 02043844)

Balance Sheet
31 March 2024

31.3.23 31.3.24
as restated
£    £    Notes £    £   
FIXED ASSETS
- Intangible assets 4 -
2,059 Tangible assets 5 5,091
2,059 5,091

CURRENT ASSETS
112,717 Stocks 103,551
302,501 Debtors 6 1,892,579
3,455,415 Cash at bank 1,978,354
3,870,633 3,974,484
CREDITORS
429,803 Amounts falling due within one year 7 397,967
3,440,830 NET CURRENT ASSETS 3,576,517
3,442,889 TOTAL ASSETS LESS CURRENT
LIABILITIES

3,581,608

391 PROVISIONS FOR LIABILITIES 1,273
3,442,498 NET ASSETS 3,580,335

CAPITAL AND RESERVES
51 Called up share capital 102
878 Share premium 878
50 Other reserves 50
3,441,519 Retained earnings 3,579,305
3,442,498 SHAREHOLDERS' FUNDS 3,580,335

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.

Needsuper Limited (Registered number: 02043844)

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 October 2024 and were signed on its behalf by:




N Nathwani - Director



Mrs P Nathwani - Director


Needsuper Limited (Registered number: 02043844)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Needsuper 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.

Goodwill
Amortisation is calculated so as to write off the cost of an asset over the useful economic life of that asset as follows :

Goodwill : 20 years

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on cost and 20% on cost

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 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.

Needsuper Limited (Registered number: 02043844)

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 13 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 400,000
AMORTISATION
At 1 April 2023
and 31 March 2024 400,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 67,598
Additions 6,200
At 31 March 2024 73,798
DEPRECIATION
At 1 April 2023 65,539
Charge for year 3,168
At 31 March 2024 68,707
NET BOOK VALUE
At 31 March 2024 5,091
At 31 March 2023 2,059

Needsuper Limited (Registered number: 02043844)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
as restated
£    £   
Trade debtors 192,057 205,098
Other debtors 1,700,522 97,403
1,892,579 302,501

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
as restated
£    £   
Trade creditors 319,575 311,203
Taxation and social security 16,375 62,296
Other creditors 62,017 56,304
397,967 429,803