1 May 2023 false No description of principal activity Taxfiler 2024.6 true 10737407business:PrivateLimitedCompanyLtd2023-05-012024-04-30 107374072023-04-30 107374072023-05-012024-04-30 10737407business:AuditExemptWithAccountantsReport2023-05-012024-04-30 10737407business:FilletedAccounts2023-05-012024-04-30 107374072024-04-30 10737407business:Director12023-05-012024-04-30 10737407business:RegisteredOffice2023-05-012024-04-30 107374072023-04-30 10737407core:WithinOneYear2024-04-30 10737407core:WithinOneYear2023-04-30 10737407core:AfterOneYear2024-04-30 10737407core:AfterOneYear2023-04-30 10737407core:ShareCapitalcore:PreviouslyStatedAmount2024-04-30 10737407core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 10737407core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-30 10737407core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 10737407core:PreviouslyStatedAmount2024-04-30 10737407core:PreviouslyStatedAmount2023-04-30 10737407business:SmallEntities2023-05-012024-04-30 10737407countries:EnglandWales2023-05-012024-04-30 10737407core:LandBuildings2023-05-012024-04-30 10737407core:PlantMachinery2023-05-012024-04-30 10737407core:MotorVehicles2023-05-012024-04-30 10737407core:FurnitureFittings2023-05-012024-04-30 10737407core:Goodwill2023-04-30 10737407core:Goodwill2024-04-30 10737407core:Goodwill2023-05-012024-04-30 10737407core:LandBuildings2023-04-30 10737407core:PlantMachinery2023-04-30 10737407core:MotorVehicles2023-04-30 10737407core:FurnitureFittings2023-04-30 10737407core:LandBuildings2024-04-30 10737407core:PlantMachinery2024-04-30 10737407core:MotorVehicles2024-04-30 10737407core:FurnitureFittings2024-04-30 10737407core:MotorVehiclescore:LeasedAssetsHeldAsLessee2024-04-30 10737407core:MotorVehiclescore:LeasedAssetsHeldAsLessee2023-04-30 10737407core:MoreThanFiveYears2024-04-30 10737407core:MoreThanFiveYears2023-04-30 107374072022-05-012023-04-30 iso4217:GBP xbrli:pure
Company Registration No. 10737407 (England and Wales)
Nuyard Group Limited Unaudited accounts for the year ended 30 April 2024
Nuyard Group Limited Unaudited accounts Contents
Page
- 2 -
Nuyard Group Limited Company Information for the year ended 30 April 2024
Director
Mr P Manship
Company Number
10737407 (England and Wales)
Registered Office
The Hollows Watling Terrace Fenny Stratford Milton Keynes Buckinghamshire MK2 2BT
Accountants
MJ Bookkeeping Services Limited Unit 6 The Courtyard Milton Road Aylesbury Buckinghamshire HP21 7LZ
- 3 -
Nuyard Group Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
360,000 
405,000 
Tangible assets
3,107,966 
3,072,517 
3,467,966 
3,477,517 
Current assets
Inventories
736,742 
838,226 
Debtors
301,618 
288,532 
Cash at bank and in hand
510,784 
562,738 
1,549,144 
1,689,496 
Creditors: amounts falling due within one year
(1,729,414)
(1,835,689)
Net current liabilities
(180,270)
(146,193)
Total assets less current liabilities
3,287,696 
3,331,324 
Creditors: amounts falling due after more than one year
(2,417,150)
(2,583,975)
Provisions for liabilities
Deferred tax
(144,024)
(128,685)
Net assets
726,522 
618,664 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
725,522 
617,664 
Shareholders' funds
726,522 
618,664 
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 director acknowledges his 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 and authorised for issue on 21 January 2025 and were signed on its behalf by
Mr P Manship Director Company Registration No. 10737407
- 4 -
Nuyard Group Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Nuyard Group Limited is a private company, limited by shares, registered in England and Wales, registration number 10737407. The registered office is The Hollows Watling Terrace, Fenny Stratford, Milton Keynes, Buckinghamshire, MK2 2BT.
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.
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill) are included at cost less accumulated amortisation. Goodwill is amortised over its useful life of 10 years.
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:
Land & buildings
Buildings depreciated over 50 years
Plant & machinery
20% Straight line
Motor vehicles
20% Straight line
Fixtures & fittings
20% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 5 -
Nuyard Group Limited Notes to the Accounts for the year ended 30 April 2024
Stocks
Stocks have been valued 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.
Leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
Current liabilities exceed current assets at the balance sheet date. The director, however, considers that the company has sufficient liquid assets to meet its liabilities as and when they fall due, and that the company has sufficient support from its creditors. The director has pledged to continue his support to the company for a foreseeable future. The director, therefore, considers that it is appropriate to prepare the accounts on a going concern basis.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2023
450,000 
At 30 April 2024
450,000 
Amortisation
At 1 May 2023
45,000 
Charge for the year
45,000 
At 30 April 2024
90,000 
Net book value
At 30 April 2024
360,000 
At 30 April 2023
405,000 
- 6 -
Nuyard Group Limited Notes to the Accounts for the year ended 30 April 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 May 2023
2,581,209 
392,820 
286,133 
61,622 
3,321,784 
Additions
- 
169,000 
39,931 
41,701 
250,632 
Disposals
- 
- 
(1)
- 
(1)
At 30 April 2024
2,581,209 
561,820 
326,063 
103,323 
3,572,415 
Depreciation
At 1 May 2023
23,431 
102,110 
95,384 
28,342 
249,267 
Charge for the year
25,908 
109,065 
65,210 
14,999 
215,182 
At 30 April 2024
49,339 
211,175 
160,594 
43,341 
464,449 
Net book value
At 30 April 2024
2,531,870 
350,645 
165,469 
59,982 
3,107,966 
At 30 April 2023
2,557,778 
290,710 
190,749 
33,280 
3,072,517 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
133,522 
185,709 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
256,395 
249,983 
Accrued income and prepayments
40,223 
38,549 
Other debtors
5,000 
- 
301,618 
288,532 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
109,349 
107,067 
VAT
68,759 
67,615 
Obligations under finance leases and hire purchase contracts
57,476 
64,423 
Trade creditors
1,450,433 
1,112,097 
Taxes and social security
27,858 
30,800 
Other creditors
3,576 
394,037 
Loans from directors
7,463 
52,914 
Accruals
4,500 
6,736 
1,729,414 
1,835,689 
- 7 -
Nuyard Group Limited Notes to the Accounts for the year ended 30 April 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,964,714 
2,074,064 
Obligations under finance leases and hire purchase contracts
52,436 
109,911 
Loans from directors
400,000 
400,000 
2,417,150 
2,583,975 
Aggregate of amounts that fall due for payment after five years
1,484,430 
1,613,844 
9
Average number of employees
During the year the average number of employees was 56 (2023: 33).
- 8 -