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REGISTERED NUMBER: 04742911 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 April 2024

for

NAS GROUP DURHAM LIMITED

NAS GROUP DURHAM LIMITED (REGISTERED NUMBER: 04742911)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 8

NAS GROUP DURHAM LIMITED

Company Information
for the Year Ended 30 April 2024







Director: K Pugh





Registered office: Unit A310
Howden Road
Aycliffe Business Park
Newton Aycliffe
Co. Durham
DL5 6EU





Registered number: 04742911 (England and Wales)





Accountants: Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH

NAS GROUP DURHAM LIMITED (REGISTERED NUMBER: 04742911)

Abridged Balance Sheet
30 April 2024

30/4/24 30/4/23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 103,038 146,362
Investment property 5 77,633 190,817
180,671 337,179

Current assets
Stocks 28,450 25,000
Debtors 148,207 156,156
Cash in hand 11,917 10,038
188,574 191,194
Creditors
Amounts falling due within one year 212,575 325,183
Net current liabilities (24,001 ) (133,989 )
Total assets less current liabilities 156,670 203,190

Creditors
Amounts falling due after more than one
year

6

46,875

124,514
Net assets 109,795 78,676

Capital and reserves
Called up share capital 300 300
Fair value reserve 8 5,217 5,217
Retained earnings 104,278 73,159
Shareholders' funds 109,795 78,676

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

NAS GROUP DURHAM LIMITED (REGISTERED NUMBER: 04742911)

Abridged Balance Sheet - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 11 November 2024 and were signed by:





K Pugh - Director


NAS GROUP DURHAM LIMITED (REGISTERED NUMBER: 04742911)

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

1. STATUTORY INFORMATION

NAS Group Durham 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

The financial statements have been prepared under the going concern basis of accounting.

Turnover
Turnover represents the value of work carried out during the year including amounts not yet invoiced, excluding value added tax. Income is being recognised according to the stage of completion of work done.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


NAS GROUP DURHAM LIMITED (REGISTERED NUMBER: 04742911)

Notes to the Financial Statements - continued
for the Year Ended 30 April 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 264,931
Additions 1,788
Disposals (36,000 )
At 30 April 2024 230,719
DEPRECIATION
At 1 May 2023 118,569
Charge for year 21,125
Eliminated on disposal (12,013 )
At 30 April 2024 127,681
NET BOOK VALUE
At 30 April 2024 103,038
At 30 April 2023 146,362

NAS GROUP DURHAM LIMITED (REGISTERED NUMBER: 04742911)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 May 2023 142,010
Disposals (23,500 )
At 30 April 2024 118,510
DEPRECIATION
At 1 May 2023 44,555
Charge for year 12,781
Eliminated on disposal (7,759 )
At 30 April 2024 49,577
NET BOOK VALUE
At 30 April 2024 68,933
At 30 April 2023 97,455

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 190,817
Disposals (113,184 )
At 30 April 2024 77,633
NET BOOK VALUE
At 30 April 2024 77,633
At 30 April 2023 190,817

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2016 5,217
Cost 72,416
77,633

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
30/4/24 30/4/23
£    £   
Repayable otherwise than by instalments
Bank loans - 38,001

NAS GROUP DURHAM LIMITED (REGISTERED NUMBER: 04742911)

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

7. SECURED DEBTS

The following secured debts are included within creditors:

30/4/24 30/4/23
£    £   
Bank overdrafts 14,456 40,022
Bank loans 84,375 164,913
Hire purchase contracts - 40,553
98,831 245,488

Debts are secured on the assets to which they relate including 11 Lambton Street Shildon.

8. RESERVES
Fair
value
reserve
£   
At 1 May 2023
and 30 April 2024 5,217

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30/4/24 30/4/23
£    £   
S W C Haden
Balance outstanding at start of year - 8
Amounts advanced - 125
Amounts repaid - (133 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

K Pugh
Balance outstanding at start of year - -
Amounts advanced 560 715
Amounts repaid (560 ) (715 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The loan balances were interest free and repayable on demand.

Accountants' Report to the Director
on the Unaudited Financial Statements of
NAS Group Durham Limited

The following reproduces the text of the report prepared for the director 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 Abridged Income Statement and certain other primary statements and the Report of the Director 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 NAS Group Durham Limited for the year ended 30 April 2024 which comprise the Abridged Income Statement, Abridged Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of NAS Group Durham Limited in accordance with the terms of our engagement letter dated 21 January 2022. Our work has been undertaken solely to prepare for your approval the financial statements of NAS Group Durham Limited and state those matters that we have agreed to state to the director of NAS Group Durham Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that NAS Group Durham 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 NAS Group Durham Limited. You consider that NAS Group Durham 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 NAS Group Durham 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.






Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH


11 November 2024