Registered number
13855419
NEC FSF LTD
Unaudited Filleted Accounts
31 January 2024
NEC FSF LTD
Registered number: 13855419
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 6,073 7,316
Current assets
Debtors 4 47,009 12,483
Cash at bank and in hand 2,771 17,923
49,780 30,406
Creditors: amounts falling due within one year 5 (52,285) (27,030)
Net current (liabilities)/assets (2,505) 3,376
Net assets 3,568 10,692
Capital and reserves
Called up share capital 1 1
Profit and loss account 3,567 10,691
Shareholder's funds 3,568 10,692
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C Randles
Director
Approved by the board on 16 October 2024
NEC FSF LTD
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2023 - 9,145 9,145
Additions 732 - 732
At 31 January 2024 732 9,145 9,877
Depreciation
At 1 February 2023 - 1,829 1,829
Charge for the year 146 1,829 1,975
At 31 January 2024 146 3,658 3,804
Net book value
At 31 January 2024 586 5,487 6,073
At 31 January 2023 - 7,316 7,316
4 Debtors 2024 2023
£ £
Trade debtors 46,650 10,127
Other debtors 359 2,356
47,009 12,483
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 38,527 1,073
Taxation and social security costs 12,739 8,717
Other creditors 1,019 17,240
52,285 27,030
6 Other information
NEC FSF LTD is a private company limited by shares and incorporated in England. Its registered office is:
Brulimar House
Middleton
Manchester
M24 2LX
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