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REGISTERED NUMBER: 04879464 (England and Wales)












Unaudited Financial Statements

for the Year Ended 5 April 2024

for

NDL Electrical (Scarborough) Ltd

NDL Electrical (Scarborough) Ltd (Registered number: 04879464)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NDL Electrical (Scarborough) Ltd

Company Information
for the Year Ended 5 April 2024







Director: N D Leadley





Registered office: 2 Belgrave Crescent
Scarborough
North Yorkshire
YO11 1UB





Registered number: 04879464 (England and Wales)





Accountants: Ashby Berry Coulsons
2 Belgrave Crescent
Scarborough
North Yorkshire
YO11 1UB

NDL Electrical (Scarborough) Ltd (Registered number: 04879464)

Balance Sheet
5 April 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 4,942 6,554
4,942 6,554

Current assets
Stocks 5,500 10,750
Debtors 6 66,404 71,793
Cash at bank 238 27,432
72,142 109,975
Creditors
Amounts falling due within one year 7 34,415 70,431
Net current assets 37,727 39,544
Total assets less current liabilities 42,669 46,098

Creditors
Amounts falling due after more than one
year

8

(20,907

)

(30,200

)

Provisions for liabilities (1,707 ) (1,707 )
Net assets 20,055 14,191

Capital and reserves
Called up share capital 9 2 2
Retained earnings 20,053 14,189
Shareholders' funds 20,055 14,191

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

NDL Electrical (Scarborough) Ltd (Registered number: 04879464)

Balance Sheet - continued
5 April 2024


The 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.

The financial statements were approved by the director and authorised for issue on 27 August 2024 and were signed by:





N D Leadley - Director


NDL Electrical (Scarborough) Ltd (Registered number: 04879464)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. Statutory information

NDL Electrical (Scarborough) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twelve years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


NDL Electrical (Scarborough) Ltd (Registered number: 04879464)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 4 (2023 - 4 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 6 April 2023
and 5 April 2024 31,500
Amortisation
At 6 April 2023
and 5 April 2024 31,500
Net book value
At 5 April 2024 -
At 5 April 2023 -

NDL Electrical (Scarborough) Ltd (Registered number: 04879464)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

5. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 6 April 2023
and 5 April 2024 39,689
Depreciation
At 6 April 2023 33,135
Charge for year 1,612
At 5 April 2024 34,747
Net book value
At 5 April 2024 4,942
At 5 April 2023 6,554

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 2,862 12,516
Other debtors 63,542 59,277
66,404 71,793

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 6,474 -
Trade creditors 4,119 30,199
Taxation and social security 22,352 38,832
Other creditors 1,470 1,400
34,415 70,431

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 20,907 30,200

NDL Electrical (Scarborough) Ltd (Registered number: 04879464)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

8. Creditors: amounts falling due after more than one year - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 20,907 30,200

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

10. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 5 April 2024 and 5 April 2023:

2024 2023
£    £   
N D Leadley
Balance outstanding at start of year 46,852 48,629
Amounts advanced 69,313 61,223
Amounts repaid (65,048 ) (63,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 51,117 46,852