IRIS Accounts Production v24.3.0.553 11141795 Board of Directors 1.4.23 31.3.24 31.3.24 15.11.24 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh111417952023-03-31111417952024-03-31111417952023-04-012024-03-31111417952022-03-31111417952022-04-012023-03-31111417952023-03-3111141795ns15:EnglandWales2023-04-012024-03-3111141795ns14:PoundSterling2023-04-012024-03-3111141795ns10:Director12023-04-012024-03-3111141795ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3111141795ns10:SmallEntities2023-04-012024-03-3111141795ns10:Audited2023-04-012024-03-3111141795ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3111141795ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3111141795ns10:FullAccounts2023-04-012024-03-3111141795ns10:OrdinaryShareClass12023-04-012024-03-3111141795ns10:Director22023-04-012024-03-3111141795ns10:Director32023-04-012024-03-3111141795ns10:CompanySecretary12023-04-012024-03-3111141795ns10:RegisteredOffice2023-04-012024-03-3111141795ns5:CurrentFinancialInstruments2024-03-3111141795ns5:CurrentFinancialInstruments2023-03-3111141795ns5:ShareCapital2024-03-3111141795ns5:ShareCapital2023-03-3111141795ns5:RetainedEarningsAccumulatedLosses2024-03-3111141795ns5:RetainedEarningsAccumulatedLosses2023-03-3111141795ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3111141795ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3111141795ns5:WithinOneYear2024-03-3111141795ns5:WithinOneYear2023-03-3111141795ns5:BetweenOneFiveYears2024-03-3111141795ns5:BetweenOneFiveYears2023-03-3111141795ns5:AllPeriods2024-03-3111141795ns5:AllPeriods2023-03-3111141795ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 11141795 (England and Wales)















AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

NRS SERVICES LTD

NRS SERVICES LTD (REGISTERED NUMBER: 11141795)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NRS SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M C Ketcher
K D Montgomery
D Forder





SECRETARY: Ms L J Shirley





REGISTERED OFFICE: NRS House
Site 7, Meriden Park
Cornets End Lane
Meriden
CV7 7LG





REGISTERED NUMBER: 11141795 (England and Wales)





AUDITORS: D.R.E. & Co. (Audit) Limited
Kingsland House
39 Abbey Foregate
Shrewsbury
Shropshire
SY2 6BL

NRS SERVICES LTD (REGISTERED NUMBER: 11141795)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Debtors 5 92,415 95,148
Cash at bank 105,723 46,867
198,138 142,015
CREDITORS
Amounts falling due within one year 6 279,684 264,119
NET CURRENT LIABILITIES (81,546 ) (122,104 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(81,546

)

(122,104

)

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings (81,548 ) (122,106 )
SHAREHOLDERS' FUNDS (81,546 ) (122,104 )

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:





M C Ketcher - Director


NRS SERVICES LTD (REGISTERED NUMBER: 11141795)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

NRS Services Ltd is a private company, limited by shares, incorporated and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements are for the individual entity only.

The financial statements are presented in Sterling (£), rounded to the nearest £1.

At the balance sheet date the company had net liabilities of £81,546 (2023: £122,104). As shown in the creditors due within one year note, creditors includes amounts owed to group companies of £236,708 (2023: £222,330). The directors have reviewed the support of group companies and fully expect it to continue for the foreseeable future and have therefore prepared the financial statements on a going concern basis.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax. Turnover is recognised when goods have been despatched or made available for collection by the customer or when the services are provided to the customer.

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

(i) Financial assets

Basic financial assets, including cash at bank, amounts owed by related parties and other debtors, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. If objective evidence of impairment is found, an 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 or control of the ownership of the asset are transferred to another party.

(ii) Financial liabilities

Basic financial liabilities, including trade creditors and amounts owed to related parties, are initially recognised at transaction price and subsequently carried at amortised cost.

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

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.


NRS SERVICES LTD (REGISTERED NUMBER: 11141795)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 4 ) .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 78,748 79,048
Amounts owed by group undertakings 13,375 15,463
Other debtors - 637
Prepayments and accrued income 292 -
92,415 95,148

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 18,457 12,379
Amounts owed to group undertakings 236,708 222,330
VAT 13,818 13,155
Amounts owed to related parties 6,081 6,000
Accrued expenses 4,620 10,255
279,684 264,119

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 60,000 60,000
Between one and five years 145,000 205,000
205,000 265,000

NRS SERVICES LTD (REGISTERED NUMBER: 11141795)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. SECURED DEBTS

Charge created 14 August 2019 between NRS Services Limited and HSBC Bank UK Plc with a fixed and floating charge over all assets currently or at any time afterwards owned by the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary £1 2 2

Ordinary shares are entitled to full voting rights and dividends.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Francis Nock F.C.C.A (Senior Statutory Auditor)
for and on behalf of D.R.E. & Co. (Audit) Limited

NRS SERVICES LTD (REGISTERED NUMBER: 11141795)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

11. RELATED PARTY DISCLOSURES

During the current and prior year transactions occurred between NRS Services Limited and companies that were related due to being under the control of key management personnel of the company. Details of these transactions are as follows:

2024 2023
£ £
Sales to related party - 180
Purchases from related party 60,000 60,000
Amounts due to related party 6,081 6,000

During the current and prior year transactions occurred between NRS Services Limited and group companies. Details of these transactions are as follows:

2024 2023
£ £
Sales to related parties 300 -
Balances due from related parties 85 -

The company rents land from a company that is related due to being under the control of key management personnel of the company. Details of the lease have been disclosed in the operating commitments note. The annual payable rent is £60,000.

The immediate parent company is Natural Resource Services Holding Company Limited. Natural Resource
Services Holding Company Limited is the parent of the smallest group for which consolidated financial
statements are prepared, which include NRS Services Limited. The registered office of the immediate parent
company is the same as that of NRS Services Limited. Group accounts are freely available from Companies
House.

The ultimate parent company is LAF Holdings Limited. LAF Holdings Limited is the parent of the largest group
for which consolidated financial statements are prepared which include NRS Services Limited. The registered
office of the ultimate parent company is The Mill, Morton, Oswestry, Shropshire, SY10 8BH. Group accounts
are freely available from Companies House.

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12. ULTIMATE CONTROLLING PARTY

The ultimate parent company is LAF Holdings Limited, by way of its majority shareholding in the parent company. No one person has ultimate control.