Company Registration No. 08901770 (England and Wales)
N.E.D. Resources Ltd
Unaudited accounts
for the period from 1 March 2023 to 28 February 2024
N.E.D. Resources Ltd
Unaudited accounts
Contents
N.E.D. Resources Ltd
Company Information
for the period from 1 March 2023 to 28 February 2024
Company Number
08901770 (England and Wales)
Registered Office
113 Coxtie Green Road
Brentwood
Essex
CM14 5PT
England
Accountants
Carmar Accountancy and Bookkeeping Ltd
801 London Road
Westcliff-on-Sea
Essex
SS0 9SY
N.E.D. Resources Ltd
Statement of financial position
as at 28 February 2024
Tangible assets
40,195
53,147
Cash at bank and in hand
1,998
8,161
Creditors: amounts falling due within one year
(21,856)
2,852
Net current (liabilities)/assets
(13,471)
11,278
Total assets less current liabilities
33,724
71,425
Creditors: amounts falling due after more than one year
(30,444)
(41,667)
Called up share capital
1,000
1,000
Profit and loss account
2,280
28,758
Shareholders' funds
3,280
29,758
For the period ending 28 February 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 November 2024 and were signed on its behalf by
Kevin Lee
Director
Company Registration No. 08901770
N.E.D. Resources Ltd
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
N.E.D. Resources Ltd is a private company, limited by shares, registered in England and Wales, registration number 08901770. The registered office is 113 Coxtie Green Road, Brentwood, Essex, CM14 5PT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance Basis
Motor vehicles
25% Reducing Balance Basis
Fixtures & fittings
25% Reducing Balance Basis
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
6,830
69,476
19,055
95,361
At 28 February 2024
6,830
69,476
19,055
95,361
At 1 March 2023
3,482
30,396
8,336
42,214
Charge for the period
502
9,770
2,680
12,952
At 28 February 2024
3,984
40,166
11,016
55,166
At 28 February 2024
2,846
29,310
8,039
40,195
At 28 February 2023
3,348
39,080
10,719
53,147
5
Investments
Other investments
Valuation at 1 March 2023
7,000
Valuation at 28 February 2024
7,000
N.E.D. Resources Ltd
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
11,222
11,222
Taxes and social security
5,892
467
Other creditors
1,810
2,989
Loans from directors
140
(21,094)
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
30,444
41,667
9
Average number of employees
During the period the average number of employees was 0 (2023: 0).