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REGISTERED NUMBER: 06822363 (England and Wales)











Financial Statements

for the Year Ended 29 February 2024

for

N-BUILD LIMITED

N-BUILD LIMITED (REGISTERED NUMBER: 06822363)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


N-BUILD LIMITED

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mrs C Nechelput





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 06822363 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

N-BUILD LIMITED (REGISTERED NUMBER: 06822363)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,931 14,693

CURRENT ASSETS
Stocks 5 102,450 117,450
Debtors 6 292 -
102,742 117,450
CREDITORS
Amounts falling due within one year 7 154,270 168,623
NET CURRENT LIABILITIES (51,528 ) (51,173 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(38,597

)

(36,480

)

CREDITORS
Amounts falling due after more than one year 8 155,258 125,104
NET LIABILITIES (193,855 ) (161,584 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (193,955 ) (161,684 )
SHAREHOLDERS' FUNDS (193,855 ) (161,584 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 director and authorised for issue on 26 November 2024 and were signed by:





Mrs C Nechelput - Director


N-BUILD LIMITED (REGISTERED NUMBER: 06822363)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

N-Build Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2023 1,285 3,031 20,700 25,016
Additions - 1,066 - 1,066
At 29 February 2024 1,285 4,097 20,700 26,082
DEPRECIATION
At 1 March 2023 1,245 2,549 6,529 10,323
Charge for year 10 387 2,431 2,828
At 29 February 2024 1,255 2,936 8,960 13,151
NET BOOK VALUE
At 29 February 2024 30 1,161 11,740 12,931
At 28 February 2023 40 482 14,171 14,693

N-BUILD LIMITED (REGISTERED NUMBER: 06822363)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. STOCKS
29.2.24 28.2.23
£    £   
Work-in-progress 102,450 117,450

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 292 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts (see note 9) 38,620 49,333
Other loans (see note 9) 32,788 34,824
Trade creditors 39,317 50,868
Social security and other taxes 3,072 2,722
VAT 8,318 4,585
Other creditors 7,287 13,386
Directors' current accounts 24,868 12,905
154,270 168,623

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans (see note 9) 3,433 5,491
Other loans (see note 9) 20,253 53,041
Other creditors 131,572 66,572
155,258 125,104

9. LOANS

An analysis of the maturity of loans is given below:

29.2.24 28.2.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 36,561 47,416
Bank loans 2,059 1,917
Other loans 32,788 34,824
71,408 84,157

Amounts falling due between one and two years:
Bank loans - 1-2 years 2,213 2,059
Other loans - 1-2 years 18,653 32,788
20,866 34,847

N-BUILD LIMITED (REGISTERED NUMBER: 06822363)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

9. LOANS - continued
29.2.24 28.2.23
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 1,220 3,432
Other loans - 2-5 years 1,600 20,253
2,820 23,685

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
90 Ordinary A £1 90 90
10 Ordinary B £1 10 10
100 100

11. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in creditors due within one year was £24,868 (2023: £12,905) due and payable to the director. The amount is interest free and repayable on demand