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REGISTERED NUMBER: 08926112 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2024

FOR

NRG CONNECTIONS LTD

NRG CONNECTIONS LTD (REGISTERED NUMBER: 08926112)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NRG CONNECTIONS LTD

COMPANY INFORMATION
for the Year Ended 28 FEBRUARY 2024







DIRECTOR: Mr N Rees





REGISTERED OFFICE: 110 High Street
Stotfold
Hertfordshire
SG5 4LH





REGISTERED NUMBER: 08926112 (England and Wales)





ACCOUNTANTS: SRG Newmans Limited
Five Ways
57-59 Hatfield Road
Potters Bar
Hertfordshire
EN6 1HS

NRG CONNECTIONS LTD (REGISTERED NUMBER: 08926112)

BALANCE SHEET
28 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,243 27,519

CURRENT ASSETS
Debtors 5 12,031 2,546
Cash at bank 72,997 106,351
85,028 108,897
CREDITORS
Amounts falling due within one year 6 29,805 36,390
NET CURRENT ASSETS 55,223 72,507
TOTAL ASSETS LESS CURRENT
LIABILITIES

109,466

100,026

CREDITORS
Amounts falling due after more than one
year

7

-

(5,182

)

PROVISIONS FOR LIABILITIES (13,561 ) (5,229 )
NET ASSETS 95,905 89,615

NRG CONNECTIONS LTD (REGISTERED NUMBER: 08926112)

BALANCE SHEET - continued
28 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 95,901 89,611
SHAREHOLDERS' FUNDS 95,905 89,615

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 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.

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 29 November 2024 and were signed by:





Mr N Rees - Director


NRG CONNECTIONS LTD (REGISTERED NUMBER: 08926112)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 FEBRUARY 2024

1. STATUTORY INFORMATION

Nrg Connections 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.

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 each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

NRG CONNECTIONS LTD (REGISTERED NUMBER: 08926112)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 31,059 39,870 11,416 82,345
Additions 44,096 - 708 44,804
At 28 February 2024 75,155 39,870 12,124 127,149
DEPRECIATION
At 1 March 2023 13,638 34,340 6,848 54,826
Charge for year 15,379 1,382 1,319 18,080
At 28 February 2024 29,017 35,722 8,167 72,906
NET BOOK VALUE
At 28 February 2024 46,138 4,148 3,957 54,243
At 28 February 2023 17,421 5,530 4,568 27,519

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT 11,089 1,763
Prepayments 942 783
12,031 2,546

NRG CONNECTIONS LTD (REGISTERED NUMBER: 08926112)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 FEBRUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 5,182 7,789
Trade creditors 2,942 1,195
Tax 15,053 21,958
Social security and other taxes 1,369 629
Other creditors 493 -
Directors' current accounts 16 69
Accrued expenses 4,750 4,750
29,805 36,390

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 5,182