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REGISTERED NUMBER: 01468792 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

NB (Seed Processors) Limited

NB (Seed Processors) Limited (Registered number: 01468792)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NB (Seed Processors) Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: D C Pell
D Nickols
Mrs C A Pell





SECRETARY: D Nickols





REGISTERED OFFICE: Northgate House
Northgate
Sleaford
Lincolnshire
NG34 7BZ





REGISTERED NUMBER: 01468792 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Northgate House
Northgate
Sleaford
Lincolnshire
NG34 7BZ

NB (Seed Processors) Limited (Registered number: 01468792)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 20,810 18,392
Investments 6 2 2
20,812 18,394

CURRENT ASSETS
Stocks 13,500 13,000
Debtors 7 50,126 58,779
Cash at bank 157,289 115,695
220,915 187,474
CREDITORS
Amounts falling due within one year 8 52,770 50,300
NET CURRENT ASSETS 168,145 137,174
TOTAL ASSETS LESS CURRENT
LIABILITIES

188,957

155,568

PROVISIONS FOR LIABILITIES 3,022 2,480
NET ASSETS 185,935 153,088

CAPITAL AND RESERVES
Called up share capital 9 50,000 50,000
Retained earnings 135,935 103,088
SHAREHOLDERS' FUNDS 185,935 153,088

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 18 November 2024 and were signed on its behalf by:





D C Pell - Director


NB (Seed Processors) Limited (Registered number: 01468792)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

NB (Seed Processors) 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.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost and 25% on reducing balance

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

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post retirement benefits
The company operates a self administered pension scheme for the benefit of the companies directors. Contributions to the scheme are charged to the profit and loss account in the year in which they are incurred.

3. EMPLOYEES AND DIRECTORS

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

NB (Seed Processors) Limited (Registered number: 01468792)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023
and 30 June 2024 15,000
AMORTISATION
At 1 July 2023
and 30 June 2024 15,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 49,354 4,710 66,544 1,790 122,398
Additions 6,824 - 2,500 - 9,324
At 30 June 2024 56,178 4,710 69,044 1,790 131,722
DEPRECIATION
At 1 July 2023 39,713 4,257 58,246 1,790 104,006
Charge for year 4,116 90 2,700 - 6,906
At 30 June 2024 43,829 4,347 60,946 1,790 110,912
NET BOOK VALUE
At 30 June 2024 12,349 363 8,098 - 20,810
At 30 June 2023 9,641 453 8,298 - 18,392

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2023
and 30 June 2024 2
NET BOOK VALUE
At 30 June 2024 2
At 30 June 2023 2

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,211 29,424
Other debtors 30,915 29,355
50,126 58,779

NB (Seed Processors) Limited (Registered number: 01468792)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 12,811 7,731
Taxation and social security 8,623 9,093
Other creditors 31,336 33,476
52,770 50,300

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50,000 Ordinary £1 50,000 50,000

10. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr Dennis Christopher Pell.