Registered number
11601684
NL Services SW Limited
Filleted Accounts
31 March 2024
NL Services SW Limited
Registered number: 11601684
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,032 1,398
Current assets
Debtors 4 307,627 124,450
Cash at bank and in hand 253,264 160,221
560,891 284,671
Creditors: amounts falling due within one year 5 (340,959) (154,311)
Net current assets 219,932 130,360
Total assets less current liabilities 223,964 131,758
Creditors: amounts falling due after more than one year 6 (33,946) (16,147)
Provisions for liabilities (766) -
Net assets 189,252 115,611
Capital and reserves
Called up share capital 210 210
Profit and loss account 189,042 115,401
Shareholders' funds 189,252 115,611
The directors are 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 directors acknowledge their 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.
J Lucas
Director
Approved by the board on 18 November 2024
NL Services SW Limited
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 is recognised once the work or service has been completed.
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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 4 years straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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 current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 2,279
Additions 4,244
At 31 March 2024 6,523
Depreciation
At 1 April 2023 881
Charge for the year 1,610
At 31 March 2024 2,491
Net book value
At 31 March 2024 4,032
At 31 March 2023 1,398
4 Debtors 2024 2023
£ £
Trade debtors 249,844 121,409
Other debtors 57,783 3,041
307,627 124,450
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 160,234 80,217
Taxation and social security costs 119,675 54,484
Other creditors 61,050 19,610
340,959 154,311
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 4,675
Obligations under finance lease and hire purchase contracts 33,946 11,472
33,946 16,147
7 Related party transactions
At the year end the company owed the directors £26,011 (2023 : £18,560). This is repayable on demand.
8 Controlling party
The company is controlled by the the Mr J Lucas and Mr J Naylor who together own 100% of the issued ordinary shared capital.
9 Other information
NL Services SW Limited is a private company limited by shares and incorporated in England. Its registered office is:
46 Bishopsworth Road
Bristol
BS13 7JJ
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