Company registration number 07641083 (England and Wales)
NPB UTILITIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
NPB UTILITIES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
NPB UTILITIES LIMITED
COMPANY INFORMATION
Director
Mr N Budden
Company number
07641083
Registered office
Norway business centre
Compton road
Yeovil
Somerset
England
BA21 5BU
Accountants
Hunts Accountants Ltd
The Old Pump House
Oborne Road
Sherborne
Dorset
England
DT9 3RX
NPB UTILITIES LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
137,365
178,288
Current assets
Stocks
105,581
129,905
Debtors
5
934,074
864,135
Cash at bank and in hand
37,006
106,606
1,076,661
1,100,646
Creditors: amounts falling due within one year
6
(937,463)
(933,760)
Net current assets
139,198
166,886
Total assets less current liabilities
276,563
345,174
Creditors: amounts falling due after more than one year
7
(54,822)
(115,490)
Provisions for liabilities
(16,987)
(25,744)
Net assets
204,754
203,940
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
204,654
203,840
Total equity
204,754
203,940

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

NPB UTILITIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2024
31 August 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 7 January 2025
Mr N Budden
Director
Company registration number 07641083 (England and Wales)
NPB UTILITIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 3 -
1
Accounting policies
Company information

NPB Utilities Limited is a private company limited by shares incorporated in England and Wales. The registered office is Norway business centre, Compton road, Yeovil, Somerset, England, BA21 5BU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 8 years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% on reducing balance
Fixtures and fittings
25% on reducing balance
Computers
25% on reducing balance
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

NPB UTILITIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

 

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

NPB UTILITIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
60
60
3
Intangible fixed assets
Goodwill
£
Cost
At 1 September 2023 and 31 August 2024
22,819
Amortisation and impairment
At 1 September 2023 and 31 August 2024
22,819
Carrying amount
At 31 August 2024
-
0
At 31 August 2023
-
0
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023
717,281
Additions
4,864
At 31 August 2024
722,145
Depreciation and impairment
At 1 September 2023
538,993
Depreciation charged in the year
45,787
At 31 August 2024
584,780
Carrying amount
At 31 August 2024
137,365
At 31 August 2023
178,288
NPB UTILITIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 6 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
685,099
727,167
Other debtors
248,975
136,968
934,074
864,135
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
34,800
34,800
Trade creditors
124,836
124,004
Taxation and social security
215,734
241,559
Other creditors
562,093
533,397
937,463
933,760
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
29,000
63,800
Other creditors
25,822
51,690
54,822
115,490
2024-08-312023-09-01false07 January 2025CCH SoftwareCCH Accounts Production 2024.100No description of principal activityMr N Buddenfalsefalse076410832023-09-012024-08-3107641083bus:Director12023-09-012024-08-3107641083bus:RegisteredOffice2023-09-012024-08-31076410832024-08-31076410832023-08-3107641083core:OtherPropertyPlantEquipment2024-08-3107641083core:OtherPropertyPlantEquipment2023-08-3107641083core:CurrentFinancialInstrumentscore:WithinOneYear2024-08-3107641083core:CurrentFinancialInstrumentscore:WithinOneYear2023-08-3107641083core:Non-currentFinancialInstrumentscore:AfterOneYear2024-08-3107641083core:Non-currentFinancialInstrumentscore:AfterOneYear2023-08-3107641083core:CurrentFinancialInstruments2024-08-3107641083core:CurrentFinancialInstruments2023-08-3107641083core:Non-currentFinancialInstruments2024-08-3107641083core:Non-currentFinancialInstruments2023-08-3107641083core:ShareCapital2024-08-3107641083core:ShareCapital2023-08-3107641083core:RetainedEarningsAccumulatedLosses2024-08-3107641083core:RetainedEarningsAccumulatedLosses2023-08-3107641083core:Goodwill2023-09-012024-08-31076410832022-03-012023-08-3107641083core:NetGoodwill2023-08-3107641083core:NetGoodwill2024-08-3107641083core:NetGoodwill2023-08-3107641083core:OtherPropertyPlantEquipment2023-08-3107641083core:OtherPropertyPlantEquipment2023-09-012024-08-3107641083core:WithinOneYear2024-08-3107641083core:WithinOneYear2023-08-3107641083bus:PrivateLimitedCompanyLtd2023-09-012024-08-3107641083bus:SmallCompaniesRegimeForAccounts2023-09-012024-08-3107641083bus:FRS1022023-09-012024-08-3107641083bus:AuditExemptWithAccountantsReport2023-09-012024-08-3107641083bus:FullAccounts2023-09-012024-08-31xbrli:purexbrli:sharesiso4217:GBP