Company Registration No. 09367738 (England and Wales)
NSP Stores Ltd
Unaudited accounts
for the year ended 31 March 2024
NSP Stores Ltd
Unaudited accounts
Contents
NSP Stores Ltd
Company Information
for the year ended 31 March 2024
Directors
Sujitha NAVANEETHAN
Tharmalingam NAVANEETHAN
Company Number
09367738 (England and Wales)
Registered Office
The Stores, Simons Road
Sherborne
Dorset
DT9 4DW
Accountants
Accountancy Plus
Chartered Management Accountants
77 Egham Crescent
Cheam
Sutton
SM3 9AP
NSP Stores Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
509,100
512,948
Cash at bank and in hand
-
3,772
Creditors: amounts falling due within one year
(119,835)
(75,508)
Net current liabilities
(57,114)
(10,862)
Total assets less current liabilities
451,986
502,086
Creditors: amounts falling due after more than one year
(311,017)
(361,882)
Net assets
140,969
140,204
Called up share capital
100
100
Share premium
99,900
99,900
Profit and loss account
40,969
40,204
Shareholders' funds
140,969
140,204
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by
Sujitha NAVANEETHAN
Director
Company Registration No. 09367738
NSP Stores Ltd
Notes to the Accounts
for the year ended 31 March 2024
NSP Stores Ltd is a private company, limited by shares, registered in England and Wales, registration number 09367738. The registered office is The Stores, Simons Road, Sherborne, Dorset, DT9 4DW.
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 year, 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 ã 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:
Motor vehicles
25% on reducing balance
Fixtures & fittings
15% on reducing balance
Computer equipment
33% on reducing balance
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
497,554
26,917
27,861
6,002
558,334
At 31 March 2024
497,554
26,917
27,861
6,002
558,334
At 1 April 2023
-
21,326
19,363
4,697
45,386
Charge for the year
-
1,398
2,124
326
3,848
At 31 March 2024
-
22,724
21,487
5,023
49,234
At 31 March 2024
497,554
4,193
6,374
979
509,100
At 31 March 2023
497,554
5,591
8,498
1,305
512,948
Amounts falling due within one year
NSP Stores Ltd
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
28,537
2,012
Trade creditors
4,228
3,596
Taxes and social security
1,082
2,265
Other creditors
33,109
1,756
Loans from directors
52,879
65,879
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
311,017
361,882
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).