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REGISTERED NUMBER: 09003457 (England and Wales)

















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29TH FEBRUARY 2024

FOR

NGS GRITTING SERVICES LTD

NGS GRITTING SERVICES LTD (REGISTERED NUMBER: 09003457)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


NGS GRITTING SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH FEBRUARY 2024







DIRECTOR: Mr. M Karia





SECRETARY: NGS Trading & Holdings Ltd





REGISTERED OFFICE: NGS Group Offices
Rushington Business Park
Chapel Lane
Southampton
SO40 9AH





REGISTERED NUMBER: 09003457 (England and Wales)





ACCOUNTANTS: Watergates Ltd
109 Coleman Road
Leicester
LE5 4LE

NGS GRITTING SERVICES LTD (REGISTERED NUMBER: 09003457)

STATEMENT OF FINANCIAL POSITION
29TH FEBRUARY 2024

29/2/24 28/2/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 385,467 362,808

CURRENT ASSETS
Stocks 38,279 55,970
Debtors 5 1,714,015 1,652,726
Cash at bank and in hand 47,569 84,334
1,799,863 1,793,030
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

(279,691

)

(345,315

)
NET CURRENT ASSETS 1,520,172 1,447,715
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,905,639

1,810,523

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

7

(297,008

)

(326,843

)
NET ASSETS 1,608,631 1,483,680

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 1,608,630 1,483,679
SHAREHOLDERS' FUNDS 1,608,631 1,483,680

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

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

The director acknowledges his 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.

NGS GRITTING SERVICES LTD (REGISTERED NUMBER: 09003457)

STATEMENT OF FINANCIAL POSITION - continued
29TH FEBRUARY 2024


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 28th November 2024 and were signed by:





Mr. M Karia - Director


NGS GRITTING SERVICES LTD (REGISTERED NUMBER: 09003457)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024


1. STATUTORY INFORMATION

NGS Gritting Services Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on cost
Motor vehicles - 15% on cost
Office equipment - 15% on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

NGS GRITTING SERVICES LTD (REGISTERED NUMBER: 09003457)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st March 2023 122,963 365,118 11,014 499,095
Additions 7,500 114,000 3,246 124,746
Disposals - (40,747 ) - (40,747 )
At 29th February 2024 130,463 438,371 14,260 583,094
DEPRECIATION
At 1st March 2023 44,947 83,215 8,125 136,287
Charge for year 14,030 57,881 1,034 72,945
Eliminated on disposal - (11,605 ) - (11,605 )
At 29th February 2024 58,977 129,491 9,159 197,627
NET BOOK VALUE
At 29th February 2024 71,486 308,880 5,101 385,467
At 28th February 2023 78,016 281,903 2,889 362,808

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st March 2023 50,500 328,506 379,006
Additions - 114,000 114,000
Disposals - (27,500 ) (27,500 )
At 29th February 2024 50,500 415,006 465,506
DEPRECIATION
At 1st March 2023 4,419 67,202 71,621
Charge for year 7,575 54,376 61,951
Eliminated on disposal - (7,219 ) (7,219 )
At 29th February 2024 11,994 114,359 126,353
NET BOOK VALUE
At 29th February 2024 38,506 300,647 339,153
At 28th February 2023 46,081 261,304 307,385

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade debtors 482,230 630,244
Amounts owed by group undertakings 1,231,785 1,022,482
1,714,015 1,652,726

NGS GRITTING SERVICES LTD (REGISTERED NUMBER: 09003457)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Hire purchase contracts 97,736 61,700
Trade creditors 87,272 173,344
Taxation and social security 83,219 55,924
Other creditors 11,464 54,347
279,691 345,315

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29/2/24 28/2/23
£    £   
Bank loans 67,540 97,547
Hire purchase contracts 229,468 229,296
297,008 326,843

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29/2/24 28/2/23
value: £    £   
1 Ordinary £1 1 1

9. ULTIMATE CONTROLLING PARTY

The company Is a wholly owned subsidiary under the control of NGS Trading & Holdings Ltd registered in England & Wales, registered office:NGS Group Offices, Rushington Business Park, Chapel Lane, Southampton, SO40 9AH, UK.