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REGISTERED NUMBER: 10514006 (England and Wales)

















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29TH FEBRUARY 2024

FOR

NGS TRADING & HOLDINGS LTD

NGS TRADING & HOLDINGS LTD (REGISTERED NUMBER: 10514006)

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 TRADING & HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH FEBRUARY 2024







DIRECTOR: Mr. M Karia





SECRETARY: Mr B S Bassi





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





REGISTERED NUMBER: 10514006 (England and Wales)





ACCOUNTANTS: Watergates Ltd
109 Coleman Road
Leicester
LE5 4LE

NGS TRADING & HOLDINGS LTD (REGISTERED NUMBER: 10514006)

STATEMENT OF FINANCIAL POSITION
29TH FEBRUARY 2024

29/2/24 28/2/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 65,881 83,548
Investments 5 874,411 874,411
940,292 957,959

CURRENT ASSETS
Debtors 6 1,881,280 1,646,614
Cash at bank and in hand 47,580 99,218
1,928,860 1,745,832
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

7

(2,055,453

)

(1,842,230

)
NET CURRENT LIABILITIES (126,593 ) (96,398 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

813,699

861,561

PROVISIONS FOR LIABILITIES (3,077 ) (3,460 )
NET ASSETS 810,622 858,101

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 810,522 858,001
SHAREHOLDERS' FUNDS 810,622 858,101

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 TRADING & HOLDINGS LTD (REGISTERED NUMBER: 10514006)

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 TRADING & HOLDINGS LTD (REGISTERED NUMBER: 10514006)

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


1. STATUTORY INFORMATION

NGS Trading & Holdings 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.

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

NGS TRADING & HOLDINGS LTD (REGISTERED NUMBER: 10514006)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st March 2023
and 29th February 2024 101,184 8,000 5,000 3,600 117,784
DEPRECIATION
At 1st March 2023 31,008 1,400 1,063 765 34,236
Charge for year 15,177 1,200 750 540 17,667
At 29th February 2024 46,185 2,600 1,813 1,305 51,903
NET BOOK VALUE
At 29th February 2024 54,999 5,400 3,187 2,295 65,881
At 28th February 2023 70,176 6,600 3,937 2,835 83,548

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1st March 2023
and 29th February 2024 874,411
NET BOOK VALUE
At 29th February 2024 874,411
At 28th February 2023 874,411

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade debtors 107,000 -
Amounts owed by group undertakings 224,185 131,823
Other debtors 1,550,095 1,514,791
1,881,280 1,646,614

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade creditors 161,562 150,478
Amounts owed to group undertakings 1,699,778 1,347,372
Taxation and social security 144,112 2,407
Other creditors 50,001 341,973
2,055,453 1,842,230

NGS TRADING & HOLDINGS LTD (REGISTERED NUMBER: 10514006)

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


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29/2/24 28/2/23
value: £    £   
100 ordinary shares £1.00 100 100

9. RELATED PARTY DISCLOSURES

Mr M Karia is the managing director of the company.

The balance on the previous director's loan account at the year end was £50,000 owed by the company.

The director loans are interest free and are repayable on demand.

Mr M Karia is a director of the subsidiary companies of NGS Trading & Holdings Ltd

Subsidiaries and Account Balances:

NGS Constructions & Estates Ltd - 100% owned. Balance £107,833 Cr (2023: £94,933 Cr)

NGS Global Services Ltd - 100% owned. Balance £218,510 Cr (2023: £150,407Cr)

NGS Gritting Services Ltd - 100% owned. Balance £1,231,785 Cr (2023: £1,022,482 Cr)

NGS Salt Supplies Ltd - 100% owned. Balance £224,185 Dr (2023: £123,491 Dr)

NGS Enterprises & Trading Ltd - 100% owned Balance £33,570 Cr (2023: £33,970 Cr)

NGS Group Trading Ltd - 100% owned Balance £33,580 Cr (2023: £39,780Cr)

Parent and Account Balances:

RLK Holdings Ltd Balance £74,500 Cr