Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30truefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-05-01falsethat of remediation activities and other waste management services.44false 09853387 2023-05-01 2024-04-30 09853387 2022-05-01 2023-04-30 09853387 2024-04-30 09853387 2023-04-30 09853387 2022-05-01 09853387 c:Director1 2023-05-01 2024-04-30 09853387 d:PlantMachinery 2023-05-01 2024-04-30 09853387 d:PlantMachinery 2024-04-30 09853387 d:PlantMachinery 2023-04-30 09853387 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 09853387 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 09853387 d:MotorVehicles 2023-05-01 2024-04-30 09853387 d:MotorVehicles 2024-04-30 09853387 d:MotorVehicles 2023-04-30 09853387 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 09853387 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 09853387 d:OfficeEquipment 2023-05-01 2024-04-30 09853387 d:OfficeEquipment 2024-04-30 09853387 d:OfficeEquipment 2023-04-30 09853387 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 09853387 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 09853387 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 09853387 d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 09853387 d:CurrentFinancialInstruments 2024-04-30 09853387 d:CurrentFinancialInstruments 2023-04-30 09853387 d:Non-currentFinancialInstruments 2024-04-30 09853387 d:Non-currentFinancialInstruments 2023-04-30 09853387 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 09853387 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 09853387 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 09853387 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 09853387 d:ShareCapital 2024-04-30 09853387 d:ShareCapital 2023-04-30 09853387 d:SharePremium 2024-04-30 09853387 d:SharePremium 2023-04-30 09853387 d:OtherMiscellaneousReserve 2024-04-30 09853387 d:OtherMiscellaneousReserve 2023-04-30 09853387 d:RetainedEarningsAccumulatedLosses 2024-04-30 09853387 d:RetainedEarningsAccumulatedLosses 2023-04-30 09853387 c:OrdinaryShareClass1 2023-05-01 2024-04-30 09853387 c:OrdinaryShareClass1 2024-04-30 09853387 c:FRS102 2023-05-01 2024-04-30 09853387 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 09853387 c:FullAccounts 2023-05-01 2024-04-30 09853387 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09853387 d:HirePurchaseContracts d:WithinOneYear 2024-04-30 09853387 d:HirePurchaseContracts d:WithinOneYear 2023-04-30 09853387 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-04-30 09853387 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-04-30 09853387 2 2023-05-01 2024-04-30 09853387 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 09853387 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 09853387 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-04-30 09853387 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-04-30 09853387 d:LeasedAssetsHeldAsLessee 2024-04-30 09853387 d:LeasedAssetsHeldAsLessee 2023-04-30 09853387 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09853387









NATIONAL RESOURCE CONSORTIUM LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
NATIONAL RESOURCE CONSORTIUM LTD
REGISTERED NUMBER: 09853387

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
52,726
5,414

Current assets
  

Debtors: amounts falling due within one year
 5 
549,539
485,681

Cash at bank and in hand
 6 
248,783
61,312

  
798,322
546,993

Creditors: amounts falling due within one year
 7 
(519,737)
(368,196)

Net current assets
  
 
 
278,585
 
 
178,797

Total assets less current liabilities
  
331,311
184,211

Creditors: amounts falling due after more than one year
 8 
(20,642)
(4,369)

Provisions for liabilities
  

Deferred tax
  
(14,536)
(1,354)

Net assets
  
296,133
178,488


Capital and reserves
  

Called up share capital 
 11 
100
100

Share premium account
  
89,062
89,062

Other reserves
  
(96)
(94)

Profit and loss account
  
207,067
89,420

  
296,133
178,488

Page 1

 
NATIONAL RESOURCE CONSORTIUM LTD
REGISTERED NUMBER: 09853387
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




P R Jackson Esq
Director

Date: 14 October 2024

The notes on pages 3 to 9 form part of these financial statements.
Page 2

 
NATIONAL RESOURCE CONSORTIUM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

National Resource Consortium Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is 20-22 Wenlock Road, London, N1 7GU. The principal activity of the company during the year has been that of remediation activities and other waste management services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

Page 3

 
NATIONAL RESOURCE CONSORTIUM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in the Statement of comprehensive income in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
NATIONAL RESOURCE CONSORTIUM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following bases:


Plant & machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Office equipment
-
33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

  
2.11

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are made, they are charged to the provision carried in the Balance sheet.

  
2.12

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 5

 
NATIONAL RESOURCE CONSORTIUM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

  
2.13

Leasing and hire purchase

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Statement of comprehensive income account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).


4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2023
-
-
14,432
14,432


Additions
11,854
51,288
743
63,885



At 30 April 2024

11,854
51,288
15,175
78,317



Depreciation


At 1 May 2023
-
-
9,018
9,018


Charge for the year on owned assets
1,247
-
2,504
3,751


Charge for the year on financed assets
-
12,822
-
12,822



At 30 April 2024

1,247
12,822
11,522
25,591



Net book value



At 30 April 2024
10,607
38,466
3,653
52,726



At 30 April 2023
-
-
5,414
5,414

Page 6

 
NATIONAL RESOURCE CONSORTIUM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

           4.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, is as follows:


2024
2023
£
£



Motor vehicles
38,466
-

38,466
-


5.


Debtors

2024
2023
£
£


Trade debtors
524,175
450,335

Other debtors
791
891

Prepayments and accrued income
24,573
34,455

549,539
485,681



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
248,783
61,312

248,783
61,312


Page 7

 
NATIONAL RESOURCE CONSORTIUM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
449,423
332,263

Corporation tax
29,230
18,117

Other taxation and social security
17,789
10,736

Obligations under finance lease and hire purchase contracts
8,639
387

Other creditors
11,056
3,443

Accruals and deferred income
3,600
3,250

519,737
368,196


Obligations under finance lease and hire purchase contracts are secured on the assets to which they relate.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Current and previous members' loans
-
4,369

Net obligations under finance leases and hire purchase contracts
20,642
-

20,642
4,369


The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is £4,368 (2023: £4,369). There are no fixed terms of repayment and interest is not charged.


9.


Hire purchase and finance leases


Minimum lease payments under hire purchase contracts fall due as follows:

2024
2023
£
£


Within one year
9,119
387

Between 1-5 years
20,197
-

29,316
387

Page 8

 
NATIONAL RESOURCE CONSORTIUM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Deferred taxation




2024
2023


£

£






At beginning of year
(1,354)
(1,338)


Credited to profit or loss
(13,182)
(16)



At end of year
(14,536)
(1,354)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(14,536)
(1,354)

(14,536)
(1,354)


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1.00 each
100
100



12.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions totaling £893 (2023: £496) were payable to the fund at the year end and are included in creditors. 

 
Page 9