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
National Road Marking Ltd
Company Information
for the year ended 31 January 2024
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
National Road Marking Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
13,594
16,993
Cash at bank and in hand
16,064
22,869
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)
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
National Road Marking Ltd
Notes to the Accounts
for the year ended 31 January 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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 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.
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
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
At 31 January 2024
8,968
4,423
203
13,594
At 31 January 2023
11,210
5,528
255
16,993
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
2,664
4,104
Loans from directors
32
6,947
7
Deferred taxation
2024
2023
Accelerated capital allowances
2,075
2,721
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.
National Road Marking Ltd
Notes to the Accounts
for the year ended 31 January 2024
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).