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Company Registration No. 13219491 (England and Wales)
NRB Surfacing & Groundworks Limited Unaudited accounts for the year ended 31 March 2024
NRB Surfacing & Groundworks Limited Unaudited accounts Contents
Page
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NRB Surfacing & Groundworks Limited Company Information for the year ended 31 March 2024
Director
Nicholas Blinston
Company Number
13219491 (England and Wales)
Registered Office
25 Ludford Close Newcastle-under-Lyme Staffordshire ST5 7SD United Kingdom
Accountants
Elevate Accounting Solutions Limited 14 John Bradshaw Court Alexandria Way Congleton CW12 1LB
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NRB Surfacing & Groundworks Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
463,843 
509,007 
Current assets
Debtors
130,477 
168,445 
Cash at bank and in hand
38,691 
158,600 
169,168 
327,045 
Creditors: amounts falling due within one year
(139,683)
(151,909)
Net current assets
29,485 
175,136 
Total assets less current liabilities
493,328 
684,143 
Creditors: amounts falling due after more than one year
(184,996)
(225,997)
Provisions for liabilities
Deferred tax
(79,425)
(83,782)
Net assets
228,907 
374,364 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
228,707 
374,164 
Shareholders' funds
228,907 
374,364 
For the year ending 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 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 9 July 2024 and were signed on its behalf by
Nicholas Blinston Director Company Registration No. 13219491
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NRB Surfacing & Groundworks Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
NRB Surfacing & Groundworks Limited is a private company, limited by shares, registered in England and Wales, registration number 13219491. The registered office is 25 Ludford Close, Newcastle-under-Lyme, Staffordshire, ST5 7SD, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 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 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
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
Deferred taxation
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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NRB Surfacing & Groundworks Limited Notes to the Accounts for the year ended 31 March 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
531,228 
76,841 
410 
4,817 
613,296 
Additions
114,334 
45,495 
- 
953 
160,782 
Disposals
(58,500)
(45,365)
- 
- 
(103,865)
At 31 March 2024
587,062 
76,971 
410 
5,770 
670,213 
Depreciation
At 1 April 2023
80,024 
23,127 
85 
1,053 
104,289 
Charge for the year
120,470 
13,926 
103 
1,264 
135,763 
On disposals
(13,806)
(19,876)
- 
- 
(33,682)
At 31 March 2024
186,688 
17,177 
188 
2,317 
206,370 
Net book value
At 31 March 2024
400,374 
59,794 
222 
3,453 
463,843 
At 31 March 2023
451,204 
53,714 
325 
3,764 
509,007 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
23,336 
45,226 
Trade debtors
107,141 
118,214 
Accrued income and prepayments
- 
5,005 
130,477 
168,445 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,140 
9,890 
Obligations under finance leases and hire purchase contracts
74,279 
67,761 
Trade creditors
44,443 
76,646 
Taxes and social security
10,740 
(2,685)
Other creditors
81 
- 
Loans from directors
- 
297 
139,683 
151,909 
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NRB Surfacing & Groundworks Limited Notes to the Accounts for the year ended 31 March 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
14,808 
24,949 
Obligations under finance leases and hire purchase contracts
170,188 
201,048 
184,996 
225,997 
8
Average number of employees
During the year the average number of employees was 7 (2023: 6).
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