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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
Page
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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
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NSP Stores Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
509,100 
512,948 
Current assets
Inventories
57,500 
57,500 
Debtors
5,221 
3,374 
Cash at bank and in hand
- 
3,772 
62,721 
64,646 
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 
Capital and reserves
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
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NSP Stores Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
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 year, 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:
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 
Depreciation
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 
Net book value
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 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,221 
3,374 
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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 
119,835 
75,508 
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).
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