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REGISTERED NUMBER: 03907792 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29TH FEBRUARY 2024

FOR

NASHIL AUTOMOTIVE ENGINEERS LIMITED

NASHIL AUTOMOTIVE ENGINEERS LIMITED (REGISTERED NUMBER: 03907792)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


NASHIL AUTOMOTIVE ENGINEERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH FEBRUARY 2024







DIRECTORS: N R Brown
M Hawker





SECRETARY: N R Brown





REGISTERED OFFICE: 9 High Street
Woburn Sands
Milton Keynes
Buckinghamshire
MK17 8RF





REGISTERED NUMBER: 03907792 (England and Wales)





ACCOUNTANTS: Camfield Chapman Lowe
9 High Street
Woburn Sands
Milton Keynes
Buckinghamshire
MK17 8RF

NASHIL AUTOMOTIVE ENGINEERS LIMITED (REGISTERED NUMBER: 03907792)

STATEMENT OF FINANCIAL POSITION
29TH FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,584 12,833

CURRENT ASSETS
Debtors 5 12,196 24,825
Cash at bank 6,780 20,553
18,976 45,378
CREDITORS
Amounts falling due within one year 6 36,390 46,612
NET CURRENT LIABILITIES (17,414 ) (1,234 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,830

)

11,599

CREDITORS
Amounts falling due after more than one
year

7

(14,456

)

(24,367

)

PROVISIONS FOR LIABILITIES (2,619 ) (1,977 )
NET LIABILITIES (23,905 ) (14,745 )

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings (24,055 ) (14,895 )
SHAREHOLDERS' FUNDS (23,905 ) (14,745 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

NASHIL AUTOMOTIVE ENGINEERS LIMITED (REGISTERED NUMBER: 03907792)

STATEMENT OF FINANCIAL POSITION - continued
29TH FEBRUARY 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th October 2024 and were signed on its behalf by:




N R Brown - Director



M Hawker - Director


NASHIL AUTOMOTIVE ENGINEERS LIMITED (REGISTERED NUMBER: 03907792)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024

1. STATUTORY INFORMATION

Nashil Automotive Engineers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

NASHIL AUTOMOTIVE ENGINEERS LIMITED (REGISTERED NUMBER: 03907792)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1st March 2023 5,913 50,146 4,789
Disposals - - -
At 29th February 2024 5,913 50,146 4,789
DEPRECIATION
At 1st March 2023 5,696 41,651 3,485
Charge for year 32 1,274 195
Eliminated on disposal - - -
At 29th February 2024 5,728 42,925 3,680
NET BOOK VALUE
At 29th February 2024 185 7,221 1,109
At 28th February 2023 217 8,495 1,304

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st March 2023 18,518 13,867 93,233
Disposals - (856 ) (856 )
At 29th February 2024 18,518 13,011 92,377
DEPRECIATION
At 1st March 2023 16,935 12,633 80,400
Charge for year 396 154 2,051
Eliminated on disposal - (658 ) (658 )
At 29th February 2024 17,331 12,129 81,793
NET BOOK VALUE
At 29th February 2024 1,187 882 10,584
At 28th February 2023 1,583 1,234 12,833

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 655 9,928
Other debtors 11,541 14,897
12,196 24,825

NASHIL AUTOMOTIVE ENGINEERS LIMITED (REGISTERED NUMBER: 03907792)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

There is a rent deposit of £5,268 which has been formally charged on the 15th May 2001 in favour of MK Community Properties Limited.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,660 9,660
Trade creditors 11,870 21,946
Taxation and social security 9,953 12,354
Other creditors 4,907 2,652
36,390 46,612

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 14,456 24,367