Company Registration No. 10730427 (England and Wales)
NSN TRADERS LIMITED
Unaudited accounts
for the year ended 30 April 2024
NSN TRADERS LIMITED
Unaudited accounts
Contents
NSN TRADERS LIMITED
Company Information
for the year ended 30 April 2024
Directors
DURAISAMY, Nandakumar
NANDAKUMAR, Shanmugavadivu
Company Number
10730427 (England and Wales)
Registered Office
1 SWALLOW COURT, DOLLIS CRESCENT
RUISLIP
MIDDLESEX
HA4 9ST
UNITED KINGDOM
Accountants
Tally Tally Accountants
79 College Road
Harrow
HA1 1BD
NSN TRADERS LIMITED
Statement of financial position
as at 30 April 2024
Tangible assets
4,682
5,547
Cash at bank and in hand
2,810
(443)
Creditors: amounts falling due within one year
(222,133)
(187,065)
Net current assets
24,073
32,662
Total assets less current liabilities
28,755
38,209
Creditors: amounts falling due after more than one year
(21,667)
(29,779)
Called up share capital
1
1
Profit and loss account
7,087
8,429
Shareholders' funds
7,088
8,430
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 June 2024 and were signed on its behalf by
DURAISAMY, Nandakumar
Director
Company Registration No. 10730427
NSN TRADERS LIMITED
Notes to the Accounts
for the year ended 30 April 2024
NSN TRADERS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10730427. The registered office is 1 SWALLOW COURT, DOLLIS CRESCENT, RUISLIP, MIDDLESEX, HA4 9ST, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
The financial statements have been prepared on a going concern basis, which is dependent upon the company's directors continuing to provide the necessary financial facilities, to enable the company to continue in operation for the foreseeable future
NSN TRADERS LIMITED
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2023
2,654
7,096
9,750
At 30 April 2024
2,654
7,929
10,583
At 1 May 2023
946
3,257
4,203
Charge for the year
763
935
1,698
At 30 April 2024
1,709
4,192
5,901
At 30 April 2024
945
3,737
4,682
At 30 April 2023
1,708
3,839
5,547
Amounts falling due within one year
Trade debtors
33,000
53,324
Accrued income and prepayments
10,953
-
Amounts falling due after more than one year
Other debtors
1,655
97,274
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
1,655
Trade creditors
90,757
74,782
Taxes and social security
32,819
13,749
Other creditors
33,864
31,029
Loans from directors
53,950
58,769
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
21,667
29,779
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
NSN TRADERS LIMITED
Notes to the Accounts
for the year ended 30 April 2024
As at the year-end date, the director had a credit balance of £53,950 (2023: £58,768.73 Cr ) on his director's current account. This is an interest-free loan to the Director and this amount is included in creditors due within one year.
10
Average number of employees
During the year the average number of employees was 9 (2023: 9).