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REGISTERED NUMBER: 08481435 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

NM & Sons Ltd

NM & Sons Ltd (Registered number: 08481435)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NM & Sons Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr M Ahmad
Mrs N Ahmad





REGISTERED OFFICE: Unit 2a Praed Road
Trafford Park
Manchester
M17 1PQ





REGISTERED NUMBER: 08481435 (England and Wales)





ACCOUNTANTS: CapShire (UK) LLP
Chartered Certified Accountants
86-90 Paul Street
London
EC2A 4NE

NM & Sons Ltd (Registered number: 08481435)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 40,626 43,783

CURRENT ASSETS
Stocks 17,281 21,112
Debtors 5 922,374 708,800
Cash at bank 25,593 8,752
965,248 738,664
CREDITORS
Amounts falling due within one year 6 (535,829 ) (363,293 )
NET CURRENT ASSETS 429,419 375,371
TOTAL ASSETS LESS CURRENT
LIABILITIES

470,045

419,154

CREDITORS
Amounts falling due after more than one year 7 (11,369 ) (21,595 )
NET ASSETS 458,676 397,559

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 458,576 397,459
SHAREHOLDERS' FUNDS 458,676 397,559

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

NM & Sons Ltd (Registered number: 08481435)

Balance Sheet - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





Mr M Ahmad - Director


NM & Sons Ltd (Registered number: 08481435)

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

1. STATUTORY INFORMATION

NM & Sons Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is the amount derived from ordinary activities and is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances, and is stated net of VAT.

Sale of goods
Revenue from the sale of computers and hardware as specified in the directors report is recognised when all the following conditions are satisfied:

- the company has transferred to the buyer the significant risks and rewards of ownership of the goods;

- the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that the economic benefits associated with the transaction will flow to the company; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Specifically, revenue from the sale of components is recognised when the goods are delivered, and legal title has passed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


NM & Sons Ltd (Registered number: 08481435)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 81,964
Additions 6,999
At 30 April 2024 88,963
DEPRECIATION
At 1 May 2023 38,181
Charge for year 10,156
At 30 April 2024 48,337
NET BOOK VALUE
At 30 April 2024 40,626
At 30 April 2023 43,783

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 461,831 254,618
Other debtors 29,963 20,474
491,794 275,092

NM & Sons Ltd (Registered number: 08481435)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Other debtors 430,580 433,708

Aggregate amounts 922,374 708,800

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,225 9,973
Trade creditors 7,681 13,933
Taxation and social security 19,231 19,114
Other creditors 498,692 320,273
535,829 363,293

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,369 21,595