Registered number
10776433
NP Sale Limited
Unaudited Filleted Accounts
31 May 2024
NP Sale Limited
Registered number: 10776433
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 340,000 350,000
Current assets
Cash at bank and in hand 7,896 2,542
Creditors: amounts falling due within one year 4 (300,444) (300,674)
Net current liabilities (292,548) (298,132)
Total assets less current liabilities 47,452 51,868
Creditors: amounts falling due after more than one year 5 (22,093) (26,512)
Provisions for liabilities (5,000) (5,000)
Net assets 20,359 20,356
Capital and reserves
Called up share capital 60 60
Profit and loss account 20,299 20,296
Shareholders' funds 20,359 20,356
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P C Sale
Director
Approved by the board on 30 September 2024
NP Sale Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investment properties
Investment properties are revalued annually by the directors. The revaluation surplus / deficit is credited / charged directly to the profit and loss account in accordance with the provisions of FRS102.
Deferred tax is provided on the cumulative revaluation surplus.
The cumulative revaluation gain, net of the deferred tax thereon, is credited to the profit and loss reserve in the balance sheet. The cumulative revaluation gain is a non-distributable reserve.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Investments
Other
investments
£
Cost
At 1 June 2023 350,000
Revaluation (10,000)
At 31 May 2024 340,000
Historical cost
At 1 June 2023 291,214
At 31 May 2024 291,214
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,419 4,419
Other creditors 296,025 296,255
300,444 300,674
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 22,093 26,512
6 Related party transactions
Other creditors includes an Interest free loan from The Computer Store SC Limited, a related company, of £256,554 (2023: £256,554).
7 Other information
NP Sale Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Tennyson Avenue
Four Oaks
Sutton Coldfield
B74 4YG
NP Sale Limited 10776433 false 2023-06-01 2024-05-31 2024-05-31 VT Final Accounts July 2024 P C Sale No description of principal activity 10776433 2022-06-01 2023-05-31 10776433 core:WithinOneYear 2023-05-31 10776433 core:AfterOneYear 2023-05-31 10776433 core:ShareCapital 2023-05-31 10776433 core:RetainedEarningsAccumulatedLosses 2023-05-31 10776433 2023-06-01 2024-05-31 10776433 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10776433 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 10776433 bus:Director40 2023-06-01 2024-05-31 10776433 1 2023-06-01 2024-05-31 10776433 2 2023-06-01 2024-05-31 10776433 countries:England 2023-06-01 2024-05-31 10776433 bus:FRS102 2023-06-01 2024-05-31 10776433 bus:FilletedAccounts 2023-06-01 2024-05-31 10776433 2024-05-31 10776433 core:WithinOneYear 2024-05-31 10776433 core:AfterOneYear 2024-05-31 10776433 core:ShareCapital 2024-05-31 10776433 core:RetainedEarningsAccumulatedLosses 2024-05-31 10776433 core:RevaluationsIncreaseDecreaseInInvestments 2024-05-31 10776433 2023-05-31 iso4217:GBP xbrli:pure