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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
Page
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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
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NSN TRADERS LIMITED Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,682 
5,547 
Current assets
Inventories
97,702 
69,572 
Debtors
145,694 
150,598 
Cash at bank and in hand
2,810 
(443)
246,206 
219,727 
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)
Net assets
7,088 
8,430 
Capital and reserves
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
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NSN TRADERS LIMITED Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Inventories
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
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.
Financial instruments
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:
Plant & machinery
3 Years
Computer equipment
25% RB
Going concern
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
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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 
Additions
- 
833 
833 
At 30 April 2024
2,654 
7,929 
10,583 
Depreciation
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 
Net book value
At 30 April 2024
945 
3,737 
4,682 
At 30 April 2023
1,708 
3,839 
5,547 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
33,000 
53,324 
Accrued income and prepayments
10,953 
- 
Other debtors
100,086 
- 
144,039 
53,324 
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 
VAT
10,743 
7,081 
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 
222,133 
187,065 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
21,667 
29,779 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
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NSN TRADERS LIMITED Notes to the Accounts for the year ended 30 April 2024
9
Loans to directors
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).
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