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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
Page
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N.E.D. Resources Ltd Company Information for the period from 1 March 2023 to 28 February 2024
Director
Kevin Lee
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
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N.E.D. Resources Ltd Statement of financial position as at 28 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
40,195 
53,147 
Investments
7,000 
7,000 
47,195 
60,147 
Current assets
Debtors
6,387 
265 
Cash at bank and in hand
1,998 
8,161 
8,385 
8,426 
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)
Net assets
3,280 
29,758 
Capital and reserves
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
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N.E.D. Resources Ltd Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
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 
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N.E.D. Resources Ltd Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,122 
- 
Other debtors
265 
265 
6,387 
265 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,792 
3,564 
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)
21,856 
(2,852)
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).
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