Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 September 2022 false 1 April 2023 31 March 2024 31 March 2024 12921757 Mr THAYAPARAN NALLIAH NTS HOLDING LTD 53 Burlington Road, New Malden, KT3 4LP true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12921757 2023-03-31 12921757 2024-03-31 12921757 2023-04-01 2024-03-31 12921757 frs-core:CurrentFinancialInstruments 2024-03-31 12921757 frs-core:Non-currentFinancialInstruments 2024-03-31 12921757 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 12921757 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12921757 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 12921757 frs-core:PlantMachinery 2024-03-31 12921757 frs-core:PlantMachinery 2023-04-01 2024-03-31 12921757 frs-core:PlantMachinery 2023-03-31 12921757 frs-core:ShareCapital 2024-03-31 12921757 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 12921757 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12921757 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 12921757 frs-bus:SmallEntities 2023-04-01 2024-03-31 12921757 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12921757 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12921757 1 2023-04-01 2024-03-31 12921757 frs-bus:Director1 2023-04-01 2024-03-31 12921757 frs-countries:EnglandWales 2023-04-01 2024-03-31 12921757 2022-08-31 12921757 2023-03-31 12921757 2022-09-01 2023-03-31 12921757 frs-core:CurrentFinancialInstruments 2023-03-31 12921757 frs-core:Non-currentFinancialInstruments 2023-03-31 12921757 frs-core:ShareCapital 2023-03-31 12921757 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 12921757
NTS BEACON LTD
Financial Statements
For The Year Ended 31 March 2024
KS & CO ACCOUNTANTS
177 Hook Road
Surbiton
Surrey
KT6 5AR
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12921757
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 874,514 887,794
874,514 887,794
CURRENT ASSETS
Stocks 4 36,714 54,017
Debtors 5 260,362 248,865
Cash at bank and in hand 499,324 402,278
796,400 705,160
Creditors: Amounts Falling Due Within One Year 6 (154,449 ) (190,092 )
NET CURRENT ASSETS (LIABILITIES) 641,951 515,068
TOTAL ASSETS LESS CURRENT LIABILITIES 1,516,465 1,402,862
Creditors: Amounts Falling Due After More Than One Year 7 (975,905 ) (955,202 )
NET ASSETS 540,560 447,660
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 540,460 447,560
SHAREHOLDERS' FUNDS 540,560 447,660
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Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr THAYAPARAN NALLIAH
Director
26/12/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold N/A
Plant & Machinery 20% reducing balance
1.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: NIL (2023: NIL)
- -
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3. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 April 2023 813,154 112,213 925,367
Additions - 11,453 11,453
As at 31 March 2024 813,154 123,666 936,820
Depreciation
As at 1 April 2023 - 37,573 37,573
Provided during the period - 24,733 24,733
As at 31 March 2024 - 62,306 62,306
Net Book Value
As at 31 March 2024 813,154 61,360 874,514
As at 1 April 2023 813,154 74,640 887,794
4. Stocks
31 March 2024 31 March 2023
£ £
Stock 36,714 54,017
5. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Trade debtors 29,225 17,728
Amounts owed by group undertakings 231,137 231,137
260,362 248,865
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Trade creditors 63,538 131,983
Corporation tax 67,888 32,495
VAT 9,237 15,614
Other creditors 10,000 10,000
Accruals and deferred income 3,786 -
154,449 190,092
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 March 2023
£ £
Amounts owed to related parties 975,905 955,202
975,905 955,202
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8. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
NTS Fuel Ltd£231,137 owed by NTS Fuel Ltd to NTS Beacon Ltd

NTS Fuel Ltd

£231,137 owed by NTS Fuel Ltd to NTS Beacon Ltd

NTS Retail Ltd£975,905 owed to NTS Retail Ltd by NTS Beacon Ltd

NTS Retail Ltd

£975,905 owed to NTS Retail Ltd by NTS Beacon Ltd

10. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is NTS HOLDING LTD . NTS HOLDING LTD was incorporated in England and prepares the group financial statements. The registered office of NTS Holding Ltd is 53 Burlington Road, New Malden, KT3 4LP . The ultimate controlling party is NTS HOLDING LTD who controls 100% of the shares of NTS BEACON LTD .
11. Audit Exemption
This Company is entitled to exemption from audit under Section 479 of the Companies Act 2006 relating to subsidiary companies for the period ended 31 March 2024.
12. General Information
NTS BEACON LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12921757 . The registered office is 57 BLAKES AVENUE, NEW MALDEN, SURREY, KT3 6RF.
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