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Company Registration No. 11129388 (England and Wales)
National Road Marking Ltd Unaudited accounts for the year ended 31 January 2024
National Road Marking Ltd Unaudited accounts Contents
Page
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National Road Marking Ltd Company Information for the year ended 31 January 2024
Director
Richard Robinson
Company Number
11129388 (England and Wales)
Registered Office
98 Boultham Park Road Lincoln LN6 7TH UNITED KINGDOM
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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National Road Marking Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,594 
16,993 
Current assets
Debtors
7,386 
5,451 
Cash at bank and in hand
16,064 
22,869 
23,450 
28,320 
Creditors: amounts falling due within one year
(3,610)
(10,529)
Net current assets
19,840 
17,791 
Total assets less current liabilities
33,434 
34,784 
Provisions for liabilities
Deferred tax
(2,075)
(2,721)
Net assets
31,359 
32,063 
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
10,000 
10,000 
Capital contribution reserve
12,250 
20,000 
Profit and loss account
9,108 
2,062 
Shareholders' funds
31,359 
32,063 
For the year ending 31 January 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 October 2024 and were signed on its behalf by
Richard Robinson Director Company Registration No. 11129388
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National Road Marking Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
National Road Marking Ltd is a private company, limited by shares, registered in England and Wales, registration number 11129388. The registered office is 98 Boultham Park Road, Lincoln, LN6 7TH, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Motor vehicles
20% Reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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National Road Marking Ltd Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
24,626 
16,195 
399 
41,220 
At 31 January 2024
24,626 
16,195 
399 
41,220 
Depreciation
At 1 February 2023
13,416 
10,667 
144 
24,227 
Charge for the year
2,242 
1,105 
52 
3,399 
At 31 January 2024
15,658 
11,772 
196 
27,626 
Net book value
At 31 January 2024
8,968 
4,423 
203 
13,594 
At 31 January 2023
11,210 
5,528 
255 
16,993 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
331 
- 
Trade debtors
7,055 
5,451 
7,386 
5,451 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
(997)
Trade creditors
26 
- 
Taxes and social security
2,664 
4,104 
Other creditors
413 
- 
Loans from directors
32 
6,947 
Accruals
475 
475 
3,610 
10,529 
7
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
2,075 
2,721 
2024 
2023 
£ 
£ 
Provision at start of year
2,721 
3,528 
Credited to the profit and loss account
(646)
(807)
Provision at end of year
2,075 
2,721 
Due to accelerated capital allowances a reserve has been created to accommodate future tax liabilities. In this period a reversal of some (£646) has been accounted for.
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National Road Marking Ltd Notes to the Accounts for the year ended 31 January 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Capital contribution reserve
A movement in the capital contribution reserve has been made in this period of some £7,750 as positive cash flow has been achieved.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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