Registered number
10758228
Nunton Plant Services Ltd
Filleted Accounts
31 May 2024
Nunton Plant Services Ltd
Company Information
Directors
Mr M Thompson
Mr R E Thompson
Accountants
Bird & Co
183 Main Street
Yaxley
Peterborough
Cambs
PE7 3LD
Registered office
44 High Street
Maxey
Peterborough
PE6 9EE
Registered number
10758228
Nunton Plant Services Ltd
Registered number: 10758228
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 12,281 15,351
Current assets
Stocks 26,750 26,750
Debtors 4 204 4,052
Cash at bank and in hand 35,085 52,592
62,039 83,394
Creditors: amounts falling due within one year 5 (65,655) (88,638)
Net current liabilities (3,616) (5,244)
Net assets 8,665 10,107
Capital and reserves
Called up share capital 2 2
Profit and loss account 8,663 10,105
Shareholders' funds 8,665 10,107
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr R E Thompson
Director
Approved by the board on 17 December 2024
Nunton Plant Services Ltd
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Fixtures, fittings, tools and equipment 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2023 533 31,180 31,713
At 31 May 2024 533 31,180 31,713
Depreciation
At 1 June 2023 259 16,103 16,362
Charge for the year 55 3,015 3,070
At 31 May 2024 314 19,118 19,432
Net book value
At 31 May 2024 219 12,062 12,281
At 31 May 2023 274 15,077 15,351
4 Debtors 2024 2023
£ £
Other debtors 204 4,052
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 250 10
Other creditors 65,405 88,628
65,655 88,638
6 Other information
Nunton Plant Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
44 High Street
Maxey
Peterborough
PE6 9EE
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