Registered Number:06914172 |
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2024
NCI Services Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
NCI Services Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
30,893
36,190
2
30,893
36,190
5,000
60,300
3
Trade and other receivables |
61,932
186,570
4
13
Cash and cash equivalents |
6
246,876
66,945
Trade and other payables: amounts falling due within one year |
(160,466)
(277,162)
5
(93,521)
(30,286)
Net current liabilities
Total assets less current liabilities |
607
(57,331)
607
Net assets/liabilities
(57,331)
100
100
507
(57,431)
607
(57,331)
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 11 October 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2024
NCI Services Ltd
Notes to the Financial Statements
Statutory Information
NCI Services Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 06914172. |
31 Church Road Business Centre
Sittingbourne
Kent
ME10 3RS
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have |
been prepared under the historical costs convention as modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
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
Computer equipment
Motor vehicles
Fixtures and fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding. |
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
Going Concern
The financial statements have been prepared on a going concern basis. This basis is considered appropriate as the company has the |
ongoing support of its directors. |
2 of 4
For the year ended 31 March 2024
NCI Services Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
82,065
6,695
9,600
23,300
42,470
5,003
2,003
-
-
3,000
23,300
9,600
8,698
87,068
45,470
Provision for depreciation and impairment |
45,875
4,368
5,805
13,839
21,863
Charge for year
10,300
1,083
950
2,365
5,902
56,175
5,451
6,755
16,204
27,765
17,705
7,096
2,845
3,247
30,893
20,607
9,461
3,795
2,327
36,190
2023
2024
60,300
5,000
4. Trade and other receivables |
2023
2024
138,973
61,932
47,597
-
61,932
186,570
5. Trade and other payables: amounts falling due within one year |
2023
2024
Bank loans and overdraft (secured) |
-
7,265
6,258
17,089
161,417
48,725
Taxation and social security |
102,986
55,289
6,501
32,098
277,162
160,466
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For the year ended 31 March 2024
NCI Services Ltd
Notes to the Financial Statements Continued
6. Average number of persons employed |
During the year the average number of employees was 5 (2023 : 5)
4 of 4