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REGISTERED NUMBER: 04775535 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

ND Services Lambourn Ltd

ND Services Lambourn Ltd (Registered number: 04775535)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ND Services Lambourn Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: N O'Riordan
Mrs D O'Riordan





SECRETARY: Mrs D O'Riordan





REGISTERED OFFICE: Unit F, Aerial Business Park
Lambourn Woodlands
Hungerford
Berkshire
RG17 7RZ





REGISTERED NUMBER: 04775535 (England and Wales)

ND Services Lambourn Ltd (Registered number: 04775535)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,399,790 1,480,119
1,399,790 1,480,119

CURRENT ASSETS
Stocks 3,500 3,500
Debtors 6 483,362 405,689
Cash at bank and in hand 540,919 453,763
1,027,781 862,952
CREDITORS
Amounts falling due within one year 7 463,332 302,097
NET CURRENT ASSETS 564,449 560,855
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,964,239

2,040,974

CREDITORS
Amounts falling due after more than one
year

8

(429,928

)

(532,853

)

PROVISIONS FOR LIABILITIES (133,296 ) (151,710 )
NET ASSETS 1,401,015 1,356,411

CAPITAL AND RESERVES
Called up share capital 2 74
Retained earnings 1,401,013 1,356,337
1,401,015 1,356,411

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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 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.

ND Services Lambourn Ltd (Registered number: 04775535)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 15 November 2024 and were signed on its behalf by:




N O'Riordan - Director



Mrs D O'Riordan - Director


ND Services Lambourn Ltd (Registered number: 04775535)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

ND Services Lambourn 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
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

The Company recognises revenue when the following conditions are satisfied:
i. the Company has transferred to the buyer the significant risks and rewards of ownership of the goods;
ii. the Company retains neither continuing managerial involvement to the degree associated with ownership nor effective control over the goods sold;
iii. the amount of revenue can be measured reliably;
iv. it is probable that the economic benefits associated with the transaction can be measured reliably.

Sale of goods and services

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable.

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.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Freehold land is not depreciated.

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any changes is accounted for prospectively.

Tangible assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in profit or loss.

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

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.


ND Services Lambourn Ltd (Registered number: 04775535)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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.

Hire purchase and leasing commitments
At inception the company assesses agreements that transfer the right to use assets. The assessment considers whether the arrangement is, or contains, a lease based on the substances of the arrangement.

Finance leased assets

Leases of assets that transfer substantially all the risks and rewards incidental to ownership are classified as finance leases.

Finance leases are capitalised at commencement of the lease as assets at their value of the lease asset or, if lower, the present value of the minimum lease payments calculated using the interest rate implicit in the lease. Where the implicit rate cannot be determined the company's incremental borrowing rate is used. Incremental direct costs, incurred in negotiating and arranging the lease, are included in the cost of the asset.

Assets are depreciated over the shorter of the lease term and the estimated useful life of the asset. Assets are assessed for impairment at each reporting date.

The capital element of lease obligations is recorded as a liability on inception of the arrangement. Lease payments are apportioned between capital repayment and finance charge, using the effective interest rate method, to produce a constant rate of charge on the balance of the capital repayments outstanding.

Operating leased assets

Leases that do no transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The obligations are recognised as an expense when they are due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Impairment of assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

ND Services Lambourn Ltd (Registered number: 04775535)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets

Basic financial assets, including trade and other receivables, cash and bank balances, are recognised at transaction price.

At the end of each reporting period financial assets are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans and overdrafts are initially recognised at transaction price.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised at transaction price.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 15,800
AMORTISATION
At 1 April 2023
and 31 March 2024 15,800
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

ND Services Lambourn Ltd (Registered number: 04775535)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 895,387 94,228 4,583
Additions - 43,308 -
Disposals - (16,882 ) -
At 31 March 2024 895,387 120,654 4,583
DEPRECIATION
At 1 April 2023 25,802 66,368 3,366
Charge for year 6,451 10,585 182
Eliminated on disposal - (16,277 ) -
At 31 March 2024 32,253 60,676 3,548
NET BOOK VALUE
At 31 March 2024 863,134 59,978 1,035
At 31 March 2023 869,585 27,860 1,217

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 1,401,168 14,790 2,410,156
Additions 56,793 2,543 102,644
Disposals - (8,403 ) (25,285 )
At 31 March 2024 1,457,961 8,930 2,487,515
DEPRECIATION
At 1 April 2023 825,773 8,728 930,037
Charge for year 162,482 1,048 180,748
Eliminated on disposal - (6,783 ) (23,060 )
At 31 March 2024 988,255 2,993 1,087,725
NET BOOK VALUE
At 31 March 2024 469,706 5,937 1,399,790
At 31 March 2023 575,395 6,062 1,480,119

Included in cost of land and buildings is freehold land of £ 572,858 (2023 - £ 572,858 ) which is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 380,230 324,819
Other debtors 10,848 431
Directors' current accounts 86,018 77,222
Prepayments and accrued income 6,266 3,217
483,362 405,689

ND Services Lambourn Ltd (Registered number: 04775535)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 22,200 22,200
Hire purchase contracts 80,097 81,654
Trade creditors 135,498 95,973
Tax 114,089 24,795
Social security and other taxes 13,846 12,299
VAT 76,849 55,587
Other creditors 12,403 4,740
Accruals and deferred income 8,350 4,849
463,332 302,097

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 66,600 66,600
Bank loans more 5 yr by instal 118,258 141,085
Hire purchase contracts 245,070 325,168
429,928 532,853

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 118,258 141,085
Hire purchase - 75,582
118,258 216,667

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 207,058 229,885
Hire purchase contracts 325,167 406,822
532,225 636,707

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
N O'Riordan
Balance outstanding at start of year 77,222 -
Amounts advanced 229,682 77,222
Amounts repaid (220,885 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 86,019 77,222