NMA (UK) LIMITED 03978955 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is grocery retail business Digita Accounts Production Advanced 6.30.9574.0 true true 03978955 2023-05-01 2024-04-30 03978955 2024-04-30 03978955 bus:OrdinaryShareClass1 2024-04-30 03978955 core:CurrentFinancialInstruments 2024-04-30 03978955 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 03978955 core:Non-currentFinancialInstruments 2024-04-30 03978955 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 03978955 core:FurnitureFittings 2024-04-30 03978955 core:MotorVehicles 2024-04-30 03978955 core:PlantMachinery 2024-04-30 03978955 bus:SmallEntities 2023-05-01 2024-04-30 03978955 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 03978955 bus:FilletedAccounts 2023-05-01 2024-04-30 03978955 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 03978955 bus:RegisteredOffice 2023-05-01 2024-04-30 03978955 bus:Director1 2023-05-01 2024-04-30 03978955 bus:Director3 2023-05-01 2024-04-30 03978955 bus:Director4 2023-05-01 2024-04-30 03978955 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 03978955 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03978955 core:Goodwill 2023-05-01 2024-04-30 03978955 core:FurnitureFittings 2023-05-01 2024-04-30 03978955 core:MotorVehicles 2023-05-01 2024-04-30 03978955 core:PlantMachinery 2023-05-01 2024-04-30 03978955 countries:AllCountries 2023-05-01 2024-04-30 03978955 2023-04-30 03978955 core:FurnitureFittings 2023-04-30 03978955 core:MotorVehicles 2023-04-30 03978955 core:PlantMachinery 2023-04-30 03978955 2022-05-01 2023-04-30 03978955 2023-04-30 03978955 bus:OrdinaryShareClass1 2023-04-30 03978955 core:CurrentFinancialInstruments 2023-04-30 03978955 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 03978955 core:Non-currentFinancialInstruments 2023-04-30 03978955 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 03978955 core:FurnitureFittings 2023-04-30 03978955 core:MotorVehicles 2023-04-30 03978955 core:PlantMachinery 2023-04-30 03978955 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 03978955

NMA (UK) LIMITED

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

NMA (UK) LIMITED

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

NMA (UK) LIMITED

Company Information

Directors

Mrs Jeyakumari Anandankumariah

Mrs Kalyani Muhunthakumar

Mr Nallanathan Muhunthakumar

Registered office

Chartered Certified Accountants
11 Approach Road
Raynes Park
London
SW20 8BA

Accountants

R S Business Consulting Ltd
11 Approach Road
Raynes Park
London
SW20 8BA

 

NMA (UK) LIMITED

(Registration number: 03978955)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

33,131

40,555

Current assets

 

Stocks

6

101,869

119,846

Debtors

7

38,508

145,711

Cash at bank and in hand

 

302,286

25,310

 

442,663

290,867

Creditors: Amounts falling due within one year

8

(178,195)

(192,979)

Net current assets

 

264,468

97,888

Total assets less current liabilities

 

297,599

138,443

Creditors: Amounts falling due after more than one year

8

(21,442)

(31,481)

Net assets

 

276,157

106,962

Capital and reserves

 

Called up share capital

9

100

100

Retained earnings

276,057

106,862

Shareholders' funds

 

276,157

106,962

For the financial 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 January 2025 and signed on its behalf by:
 

.........................................
Mr Nallanathan Muhunthakumar
Director

 

NMA (UK) LIMITED

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

1

General information

The address of its registered office is:
Chartered Certified Accountants
11 Approach Road
Raynes Park
London
SW20 8BA

These financial statements were authorised for issue by the Board on 15 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

NMA (UK) LIMITED

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

NMA (UK) LIMITED

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2023 - 8).

 

NMA (UK) LIMITED

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

4

Intangible assets

Cost or valuation

Amortisation

Carrying amount

At 30 April 2024

5

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2023

104,270

25,259

34,452

163,981

At 30 April 2024

104,270

25,259

34,452

163,981

Depreciation

At 1 May 2023

91,916

7,159

22,361

121,436

Charge for the year

2,471

4,525

2,418

9,414

At 30 April 2024

94,387

11,684

24,779

130,850

Carrying amount

At 30 April 2024

9,883

13,575

9,673

33,131

At 30 April 2023

10,364

18,100

12,091

40,555

6

Stocks

2024
£

2023
£

Other inventories

101,869

119,846

7

Debtors

Current

2024
£

2023
£

Prepayments

5,450

-

Other debtors

33,058

145,711

 

38,508

145,711

8

Creditors

Creditors: amounts falling due within one year

 

NMA (UK) LIMITED

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

2024
£

2023
£

Due within one year

Trade creditors

39,364

36,394

Taxation and social security

65,044

25,031

Accruals and deferred income

10,750

10,750

Other creditors

63,037

120,804

178,195

192,979

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

21,442

31,481

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

10

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

21,442

31,481

11

Dividends

Final dividends paid

2024
£

2023
£

Final dividend of £Nil (2023 - £500.00) per each Ordinary shares

-

50,000

 

 

12

Related party transactions

 

NMA (UK) LIMITED

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

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Contributions paid to money purchase schemes

60,000

120,000