IRIS Accounts Production v24.2.0.383 11143699 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh111436992023-03-31111436992024-03-31111436992023-04-012024-03-31111436992022-03-31111436992022-04-012023-03-31111436992023-03-3111143699ns15:EnglandWales2023-04-012024-03-3111143699ns14:PoundSterling2023-04-012024-03-3111143699ns10:Director12023-04-012024-03-3111143699ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3111143699ns10:SmallEntities2023-04-012024-03-3111143699ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3111143699ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3111143699ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3111143699ns10:FullAccounts2023-04-012024-03-3111143699ns10:Director22023-04-012024-03-3111143699ns10:RegisteredOffice2023-04-012024-03-3111143699ns5:CurrentFinancialInstruments2024-03-3111143699ns5:CurrentFinancialInstruments2023-03-3111143699ns5:ShareCapital2024-03-3111143699ns5:ShareCapital2023-03-3111143699ns5:RetainedEarningsAccumulatedLosses2024-03-3111143699ns5:RetainedEarningsAccumulatedLosses2023-03-3111143699ns5:CostValuation2023-03-31
















N & G HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MARCH 2024






N & G HOLDINGS LIMITED (REGISTERED NUMBER: 11143699)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

N & G HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: A Gharu
P Nichols





REGISTERED OFFICE: Unit 46
Singer Way
Woburn Road Industrial Estate
Kempston
Bedfordshire
MK42 7AF





REGISTERED NUMBER: 11143699 (England and Wales)





ACCOUNTANTS: HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN

N & G HOLDINGS LIMITED (REGISTERED NUMBER: 11143699)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 202 202

CURRENT ASSETS
Stocks 5,705 5,705
Debtors 5 69,142 34,197
Investments 6 31,559 54,755
Cash at bank 190,830 247,930
297,236 342,587
CREDITORS
Amounts falling due within one year 7 38,082 24,805
NET CURRENT ASSETS 259,154 317,782
TOTAL ASSETS LESS CURRENT
LIABILITIES

259,356

317,984

CAPITAL AND RESERVES
Called up share capital 202 202
Retained earnings 259,154 317,782
259,356 317,984

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

N & G HOLDINGS LIMITED (REGISTERED NUMBER: 11143699)

BALANCE SHEET - continued
31ST MARCH 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th November 2024 and were signed on its behalf by:





P Nichols - Director


N & G HOLDINGS LIMITED (REGISTERED NUMBER: 11143699)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

N & G Holdings 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Preparation of consolidated financial statements
The financial statements contain information about N & G Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents management charges and dividend income received from subsidiaries, stated net of value added tax.

Investments in subsidiaries
Investments held in subsidiaries are stated at cost less any impairment, net of any merger relief applicable to shares issued as consideration for their acquisition.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.


N & G HOLDINGS LIMITED (REGISTERED NUMBER: 11143699)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued
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.

Listed investments
Listed investments are held within current assets and measured at the lower of cost or net realisable value at the balance sheet date.

Profits/losses arising from the disposal of fixed asset investments are treated as part of the ordinary activities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st April 2023
and 31st March 2024 202
NET BOOK VALUE
At 31st March 2024 202
At 31st March 2023 202

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 69,142 34,197

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 31,559 54,755

N & G HOLDINGS LIMITED (REGISTERED NUMBER: 11143699)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 1,506 -
Social security and other taxes - 815
Other creditors 100 100
Directors' current accounts 35,156 22,570
Accrued expenses 1,320 1,320
38,082 24,805

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
N & G HOLDINGS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of N & G Holdings Limited for the year ended 31st March 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of N & G Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of N & G Holdings Limited and state those matters that we have agreed to state to the Board of Directors of N & G Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than N & G Holdings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that N & G Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of N & G Holdings Limited. You consider that N & G Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of N & G Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN


2nd December 2024