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Registered number: 09916143
Nbs Car Parts Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Willoughby & Smets Accountants Limited
Suite 14, 548-550 Elder House
Elder Gate
Milton Keynes
MK9 1LR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09916143
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 101 134
101 134
CURRENT ASSETS
Cash at bank and in hand 12,011 14,227
12,011 14,227
Creditors: Amounts Falling Due Within One Year 5 (8,597 ) (10,397 )
NET CURRENT ASSETS (LIABILITIES) 3,414 3,830
TOTAL ASSETS LESS CURRENT LIABILITIES 3,515 3,964
NET ASSETS 3,515 3,964
CAPITAL AND RESERVES
Called up share capital 6 1 1
Share premium account (5,000 ) (5,000 )
Profit and Loss Account 8,514 8,963
SHAREHOLDERS' FUNDS 3,515 3,964
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Kerry Henson
Director
19/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Nbs Car Parts Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09916143 . The registered office is 9 Kingshill Drive, Deanshanger, Milton Keynes, MK19 6GH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 July 2023 425
As at 30 June 2024 425
Depreciation
As at 1 July 2023 291
Provided during the period 33
As at 30 June 2024 324
Net Book Value
As at 30 June 2024 101
As at 1 July 2023 134
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,321 7,596
Other taxes and social security 163 -
VAT 829 2,801
Director's loan account 284 -
8,597 10,397
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4