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NACO SERVICES LIMITED

Registered Number
03181358
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

NACO SERVICES LIMITED
Company Information
for the year from 1 May 2023 to 30 April 2024

Directors

ELLACOTT, Daniel James
MUNRO, Stephen Peter
ODELL, Rian Bradley Clayton
ODELL, Terence William John

Company Secretary

MUNRO, Stephen Peter

Registered Address

37 Clacton Road
Leisurefame House
St. Osyth
CO16 8PA

Registered Number

03181358 (England and Wales)
NACO SERVICES LIMITED
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,346,0501,170,734
Investments4175,005143,005
1,521,0551,313,739
Current assets
Stocks558,20058,200
Debtors273,646334,119
Cash at bank and on hand9,49311,170
341,339403,489
Creditors amounts falling due within one year6(195,590)(273,566)
Net current assets (liabilities)145,749129,923
Total assets less current liabilities1,666,8041,443,662
Net assets1,666,8041,443,662
Capital and reserves
Called up share capital1,0001,000
Revaluation reserve266,67344,833
Profit and loss account1,399,1311,397,829
Shareholders' funds1,666,8041,443,662
The financial statements were approved and authorised for issue by the Board of Directors on 22 July 2024, and are signed on its behalf by:
ODELL, Terence William John
Director
Registered Company No. 03181358
NACO SERVICES LIMITED
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery20
Fixtures and fittings20
Vehicles20
Office Equipment20
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year1010
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Office Equipment

Total

£££££
Cost or valuation
At 01 May 231,085,160122,315104,00080,1781,391,653
Additions---3,2373,237
Revaluations189,840---189,840
At 30 April 241,275,000122,315104,00083,4151,584,730
Depreciation and impairment
At 01 May 23-115,67237,44067,807220,919
Charge for year-1,32813,3123,12117,761
At 30 April 24-117,00050,75270,928238,680
Net book value
At 30 April 241,275,0005,31553,24812,4871,346,050
At 30 April 231,085,1606,64366,56012,3711,170,734
4.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 May 23143,005143,005
Additions32,00032,000
At 30 April 24175,005175,005
Net book value
At 30 April 24175,005175,005
At 30 April 23143,005143,005

Notes

1Other investments other than loans
5.Stocks

2024

2023

££
Other stocks58,20058,200
Total58,20058,200
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables60,24561,042
Bank borrowings and overdrafts17,34915,728
Taxation and social security7,8857,725
Finance lease and HP contracts6678,667
Other creditors102,304173,605
Accrued liabilities and deferred income7,1406,799
Total195,590273,566
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.