NEMEC LIMITED

Company Registration Number:
SC388930 (Scotland)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

NEMEC LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

NEMEC LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 37,271 36,606
Total fixed assets: 37,271 36,606
Current assets
Stocks: 17,974 12,809
Debtors: 4 42,365 45,751
Cash at bank and in hand: 9,399 13,376
Total current assets: 69,738 71,936
Creditors: amounts falling due within one year: 5 (37,046) (36,897)
Net current assets (liabilities): 32,692 35,039
Total assets less current liabilities: 69,963 71,645
Creditors: amounts falling due after more than one year: 6 (11,550) (1,583)
Provision for liabilities: (7,081) (6,955)
Total net assets (liabilities): 51,332 63,107
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 51,232 63,007
Shareholders funds: 51,332 63,107

The notes form part of these financial statements

NEMEC LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 14 September 2024
and signed on behalf of the board by:

Name: N WARD
Status: Director

The notes form part of these financial statements

NEMEC LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant & machinery etc -25% on reducing balance

Valuation and information policy

Stocks are valued at the lower of cost and net realisible value .

NEMEC LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

NEMEC LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 62,648
Additions 28,486
Disposals (36,624)
At 31 March 2024 54,510
Depreciation
At 01 April 2023 26,042
Charge for year 10,805
On disposals (19,608)
At 31 March 2024 17,239
Net book value
At 31 March 2024 37,271
At 31 March 2023 36,606

NEMEC LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

NEMEC LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

The amount of £37046 is made up as follows: Hire purchase contracts £7358 Tradwe creditors £18513 Taxation & social security £11076 Other creditors £99

NEMEC LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due after more than one year note

The amount due of £11550 referes to hire purchase contracts