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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
Page
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Nimco Hydraulic Systems Ltd Company Information for the year ended 30 November 2023
Director
T Nord
Secretary
N Nord
Company Number
10491068 (England and Wales)
Registered Office
71-75 Shelton Street Covent Garden London WC2H 9JQ England
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Nimco Hydraulic Systems Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
309,848 
57,645 
Current assets
Inventories
443,583 
422,532 
Debtors
221,466 
245,405 
Cash at bank and in hand
5,576 
23,998 
670,625 
691,935 
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 
Capital and reserves
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
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Nimco Hydraulic Systems Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 30 November 2023
307,098 
2,261 
489 
309,848 
At 30 November 2022
57,159 
- 
486 
57,645 
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Nimco Hydraulic Systems Ltd Notes to the Accounts for the year ended 30 November 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
163,632 
168,824 
Accrued income and prepayments
- 
10,975 
Other debtors
57,834 
65,606 
221,466 
245,405 
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 
Accruals
1,920 
2,360 
713,722 
416,676 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
29,708 
34,248 
Obligations under finance leases and hire purchase contracts
27,950 
34,633 
57,658 
68,881 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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