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
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
NRB Surfacing & Groundworks Limited
Statement of financial position
as at 31 March 2024
Tangible assets
463,843
509,007
Cash at bank and in hand
38,691
158,600
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
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
NRB Surfacing & Groundworks Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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.
NRB Surfacing & Groundworks Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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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
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
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
Amounts falling due within one year
Trade debtors
107,141
118,214
Accrued income and prepayments
-
5,005
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)
Loans from directors
-
297
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
Obligations under finance leases and hire purchase contracts
170,188
201,048
8
Average number of employees
During the year the average number of employees was 7 (2023: 6).