Registered number
10665461
NUNHEAD EXPRESS LTD
Filleted Accounts
31 March 2024
NUNHEAD EXPRESS LTD
Registered number: 10665461
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 113,456 94,979
Current assets
Stocks 146,390 117,090
Debtors 4 1,715 1,715
Investments held as current assets 5 3,000 3,000
Cash at bank and in hand 91,704 64,762
242,809 186,567
Creditors: amounts falling due within one year 6 (116,607) (93,611)
Net current assets 126,202 92,956
Total assets less current liabilities 239,658 187,935
Creditors: amounts falling due after more than one year 7 (337,021) (239,061)
Net liabilities (97,363) (51,126)
Capital and reserves
Called up share capital 100 100
Profit and loss account (97,463) (51,226)
Shareholders' funds (97,363) (51,126)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Tuncay TELLI
Director
Approved by the board on 12 June 2024
NUNHEAD EXPRESS LTD
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, as follows:
Fixtures, fittings and equipment 18% pa (reducing balance)
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.Corporation tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 14 20
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 142,692 20,709 163,401
Additions 37,730 - 37,730
At 31 March 2024 180,422 20,709 201,131
Depreciation
At 1 April 2023 59,131 9,291 68,422
Charge for the year 17,198 2,055 19,253
At 31 March 2024 76,329 11,346 87,675
Net book value
At 31 March 2024 104,093 9,363 113,456
At 31 March 2023 83,561 11,418 94,979
4 Debtors 2024 2023
£ £
Deposit paid 1,715 1,715
5 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 3,000 3,000
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans 10,920 10,920
Trade creditors 12,358 65,642
Taxation and social security costs 6,124 6,128
Other creditors 87,205 10,921
116,607 93,611
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 19,125 28,911
Other creditors 317,896 210,150
337,021 239,061
8 Other information
NUNHEAD EXPRESS LTD is a private company limited by shares and incorporated in England. Its registered office is:
2 Kirkwood Road
London
SE15 3XX
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