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Company registration number:
07955462
NTP Hoistaid Limited
Unaudited Filleted Financial Statements for the year ended
30 April 2024
Addy Murgatroyd
Certified Accountants
16-18 Station Street, Meltham, Holmfirth, West Yorkshire, HD9 5QL, United Kingdom
NTP Hoistaid Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of NTP Hoistaid Limited
Year ended
30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
NTP Hoistaid Limited
for the year ended
30 April 2024
which comprise the income statement, statement of total comprehensive income, statement of financial position, statement of changes in equity and 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 https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Members/​Doc/​rule/​2018-rulebook.pdf.
This report is made solely to the Board of Directors of
NTP Hoistaid Limited
, as a body, in accordance with the terms of our engagement letter dated 10 June 2016. Our work has been undertaken solely to prepare for your approval the
financial statements
of
NTP Hoistaid Limited
and state those matters that we have agreed to state to the Board of Directors of
NTP Hoistaid Limited
, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Technical/​fact/​tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
NTP Hoistaid Limited
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
NTP Hoistaid 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
NTP Hoistaid Limited
. You consider that
NTP Hoistaid 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 NTP Hoistaid 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.
Addy Murgatroyd
Certified Accountants
16-18 Station Street
Meltham
Holmfirth
West Yorkshire
HD9 5QL
United Kingdom
Date:
12 July 2024
NTP Hoistaid Limited
Statement of Financial Position
30 April 2024
20242023
Note££
Fixed assets    
Tangible assets 5
39,750
 
41,787
 
Current assets    
Stocks
25,000
 
25,000
 
Debtors 6
255,102
 
200,029
 
Cash at bank and in hand
34,873
 
52,470
 
314,975
 
277,499
 
Creditors: amounts falling due within one year 7
(97,112
)
(72,167
)
Net current assets
217,863
 
205,332
 
Total assets less current liabilities 257,613   247,119  
Creditors: amounts falling due after more than one year 8
(11,707
)
(21,707
)
Net assets
245,906
 
225,412
 
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
245,806
 
225,312
 
Shareholders funds
245,906
 
225,412
 
For the year ending
30 April 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
12 July 2024
, and are signed on behalf of the board by:
N Eccles
R Mosley
DirectorDirector
Company registration number:
07955462
NTP Hoistaid Limited
Notes to the Financial Statements
Year ended
30 April 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
16-18 Station Street
,
Meltham
,
Holmfirth
,
West Yorkshire
,
HD9 5QL
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
15% Reducing Balance
Office equipment
15% Reducing Balance
Motor vehicles
25% Reducing Balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured 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 the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
22
(2023:
22.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 May 2023
87,699
 
Additions
1,684
 
Disposals
3,760
 
At
30 April 2024
93,143
 
Depreciation  
At
1 May 2023
45,912
 
Charge
7,481
 
At
30 April 2024
53,393
 
Carrying amount  
At
30 April 2024
39,750
 
At 30 April 2023
41,787
 
On 31st July 2019 plant and machinery with a cost of £1807138 was transferred to NTP Access Equipment Limited, a company under common control. A reduction in value of £321954 was transferred to Profit and Loss Reserves.

6 Debtors

20242023
££
Trade debtors
87,749
 
47,257
 
Other debtors
167,353
 
152,772
 
255,102
 
200,029
 

7 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
10,000
 
10,000
 
Trade creditors
35,494
 
23,077
 
Taxation and social security
37,864
 
29,564
 
Other creditors
13,754
 
9,526
 
97,112
 
72,167
 

8 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
11,707
 
21,707