Company Registration No. 10491068 (England and Wales)
Nimco Hydraulic Systems Ltd
Unaudited accounts
for the year ended 30 November 2023
Nimco Hydraulic Systems Ltd
Unaudited accounts
Contents
Nimco Hydraulic Systems Ltd
Company Information
for the year ended 30 November 2023
Company Number
10491068 (England and Wales)
Registered Office
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
England
Nimco Hydraulic Systems Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
309,848
57,645
Inventories
443,583
422,532
Cash at bank and in hand
5,576
23,998
Creditors: amounts falling due within one year
(713,722)
(416,676)
Net current (liabilities)/assets
(43,097)
275,259
Total assets less current liabilities
266,751
332,904
Creditors: amounts falling due after more than one year
(57,658)
(68,881)
Net assets
209,093
264,023
Called up share capital
100
100
Profit and loss account
208,993
263,923
Shareholders' funds
209,093
264,023
For the year ending 30 November 2023 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 director acknowledges his 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 and authorised for issue on 28 November 2024 and were signed on its behalf by
T Nord
Director
Company Registration No. 10491068
Nimco Hydraulic Systems Ltd
Notes to the Accounts
for the year ended 30 November 2023
Nimco Hydraulic Systems Ltd is a private company, limited by shares, registered in England and Wales, registration number 10491068. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
- 5 years
Fixtures & fittings
- 4 years
Computer equipment
- 4 years
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2022
60,869
-
655
61,524
Additions
327,641
3,015
166
330,822
At 30 November 2023
388,510
3,015
821
392,346
At 1 December 2022
3,710
-
169
3,879
Charge for the year
77,702
754
163
78,619
At 30 November 2023
81,412
754
332
82,498
At 30 November 2023
307,098
2,261
489
309,848
At 30 November 2022
57,159
-
486
57,645
Nimco Hydraulic Systems Ltd
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due within one year
Trade debtors
163,632
168,824
Accrued income and prepayments
-
10,975
Other debtors
57,834
65,606
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
4,540
4,540
Obligations under finance leases and hire purchase contracts
6,683
5,717
Trade creditors
340,936
164,159
Taxes and social security
62,153
76,434
Other creditors
22,765
26,923
Loans from directors
274,725
136,543
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
27,950
34,633
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).