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Registered Number: 09970523
England and Wales

 

 

 

NTH DEGREE ELECTRICAL INSTALLATION SERVICES LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 February 2023

End date: 31 January 2024
Report to the directors on the preparation of the unaudited statutory accounts of NTH DEGREE ELECTRICAL INSTALLATION SERVICES LIMITED for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of NTH DEGREE ELECTRICAL INSTALLATION SERVICES LIMITED for the year ended 31 January 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.

This report is made solely to the Board of Directors of NTH DEGREE ELECTRICAL INSTALLATION SERVICES LIMITED, as a body, in accordance with the terms of our engagement letter dated 31 May 2024 . Our work has been undertaken solely to prepare for your approval the accounts of NTH DEGREE ELECTRICAL INSTALLATION SERVICES LIMITED and state those matters that we have agreed to state to the Board of Directors of NTH DEGREE ELECTRICAL INSTALLATION SERVICES LIMITED, as a body, in this report.To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NTH DEGREE ELECTRICAL INSTALLATION SERVICES LIMITED and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that NTH DEGREE ELECTRICAL INSTALLATION SERVICES LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of NTH DEGREE ELECTRICAL INSTALLATION SERVICES LIMITED.You consider that NTH DEGREE ELECTRICAL INSTALLATION SERVICES LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of NTH DEGREE ELECTRICAL INSTALLATION SERVICES LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements 31 January 2024.



....................................................
Akhter's Limited
Akhter's Limited

64
Castle Boulevard
Nottingham
Nottinghamshire
NG7 1FN
31 May 2024
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 47,043    30,000 
47,043    30,000 
Current assets      
Debtors 587,848    338,987 
Cash at bank and in hand 102,336    64,158 
690,184    403,145 
Creditors: amount falling due within one year (426,362)   (192,057)
Net current assets 263,822    211,088 
 
Total assets less current liabilities 310,865    241,088 
Creditors: amount falling due after more than one year (44,985)   (34,167)
Provisions for liabilities (470)   (470)
Net assets 265,410    206,451 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 265,409    206,450 
Shareholders' funds 265,410    206,451 
 


For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 31 May 2024 and were signed on its behalf by:


-------------------------------
Colin Jerome Neita
Director
2
General Information
NTH DEGREE ELECTRICAL INSTALLATION SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09970523, registration address Unit 4C Willow Court, Cordy Lane, Nottingham, Nottinghamshire, NG16 5FD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 11 (2023 : 7).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 February 2023 1,240    34,580    1,032    4,151    41,003 
Additions   27,437        27,437 
Disposals        
At 31 January 2024 1,240    62,017    1,032    4,151    68,440 
Depreciation
At 01 February 2023 801    8,540    849    813    11,003 
Charge for year 155    9,404      835    10,394 
On disposals        
At 31 January 2024 956    17,944    849    1,648    21,397 
Net book values
Closing balance as at 31 January 2024 284    44,073    183    2,503    47,043 
Opening balance as at 01 February 2023 439    26,040    183    3,338    30,000 


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