2023-02-01 2024-01-31 false Capium Accounts Production 1.1 SC687023 2023-02-01 2024-01-31 SC687023 bus:FullAccounts 2023-02-01 2024-01-31 SC687023 bus:FRS102 2023-02-01 2024-01-31 SC687023 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 SC687023 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 SC687023 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC687023 2023-02-01 2024-01-31 SC687023 2024-01-31 SC687023 bus:RegisteredOffice 2023-02-01 2024-01-31 SC687023 core:WithinOneYear 2024-01-31 SC687023 core:AfterOneYear 2024-01-31 SC687023 1 2023-02-01 2024-01-31 SC687023 bus:Director1 2023-02-01 2024-01-31 SC687023 bus:Director1 2024-01-31 SC687023 bus:Director1 2022-02-01 2023-01-31 SC687023 bus:Director2 2023-02-01 2024-01-31 SC687023 bus:Director2 2024-01-31 SC687023 bus:Director2 2022-02-01 2023-01-31 SC687023 bus:Director3 2023-02-01 2024-01-31 SC687023 bus:Director3 2024-01-31 SC687023 bus:Director3 2022-02-01 2023-01-31 SC687023 bus:Director4 2023-02-01 2024-01-31 SC687023 bus:Director4 2024-01-31 SC687023 bus:Director4 2022-02-01 2023-01-31 SC687023 2022-02-01 SC687023 2022-02-01 2023-01-31 SC687023 2023-01-31 SC687023 core:WithinOneYear 2023-01-31 SC687023 core:AfterOneYear 2023-01-31 SC687023 bus:EntityAccountantsOrAuditors 2022-02-01 2023-01-31 SC687023 core:PlantMachinery 2023-02-01 2024-01-31 SC687023 core:PlantMachinery 2024-01-31 SC687023 core:PlantMachinery 2023-01-31 SC687023 core:MotorCars 2023-02-01 2024-01-31 SC687023 core:MotorCars 2024-01-31 SC687023 core:MotorCars 2023-01-31 SC687023 core:FurnitureFittings 2023-02-01 2024-01-31 SC687023 core:FurnitureFittings 2024-01-31 SC687023 core:FurnitureFittings 2023-01-31 SC687023 core:ComputerEquipment 2023-02-01 2024-01-31 SC687023 core:ComputerEquipment 2024-01-31 SC687023 core:ComputerEquipment 2023-01-31 SC687023 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-01-31 SC687023 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-01-31 SC687023 core:CostValuation core:Non-currentFinancialInstruments 2024-01-31 SC687023 core:CostValuation core:Non-currentFinancialInstruments 2023-01-31 SC687023 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-01-31 SC687023 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-01-31 SC687023 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-01-31 SC687023 core:Non-currentFinancialInstruments 2024-01-31 SC687023 core:Non-currentFinancialInstruments 2023-01-31 SC687023 core:ShareCapital 2024-01-31 SC687023 core:ShareCapital 2023-01-31 SC687023 core:RetainedEarningsAccumulatedLosses 2024-01-31 SC687023 core:RetainedEarningsAccumulatedLosses 2023-01-31 SC687023 dpl:Item1 2023-02-01 SC687023 dpl:Item1 2024-01-31 SC687023 dpl:Item1 2022-02-01 SC687023 dpl:Item1 2023-01-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: SC687023
Scotland

 

 

 

NCM ELECTRICAL SOLUTIONS LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 February 2023

End date: 31 January 2024
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 January 2024.
Principal activities
Principal activity of the company during the financial year was of installation of electrical chargers.
Directors
The directors who served the company throughout the year were as follows:
Stephen Murphy
Derek Nichol
Mr Derek Nichol
Lynette Nichol
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Stephen Murphy
Director
----------------------------------
Derek Nichol
Director

Date approved: 31 January 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 341,250    141,672 
341,250    141,672 
Current assets      
Debtors 4 301,273    79,902 
Cash at bank and in hand 20,339    27,154 
321,612    107,056 
Creditors: amount falling due within one year 5 (91,568)   (37,050)
Net current assets 230,044    70,006 
 
Total assets less current liabilities 571,294    211,678 
Creditors: amount falling due after more than one year 6 (313,821)   (157,747)
Provisions for liabilities 7 (26,918)   (26,918)
Net assets 230,555    27,013 
 

Capital and reserves
     
Called up share capital 2    2 
Profit and loss account 230,553    27,011 
Shareholders' funds 230,555    27,013 
 


For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 31 January 2025 and were signed on its behalf by:


-------------------------------
Stephen Murphy
Director
2
General Information
NCM ELECTRICAL SOLUTIONS LIMITED is a private company, limited by shares, registered in Scotland, registration number SC687023, registration address Unit 5b , Carfin Industrial Estate, Motherwell, ML1 4UH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 33% Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 4 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 February 2023     1,948      1,948 
Additions 3,140    403,710      5,260    412,110 
Disposals        
At 31 January 2024 3,140    403,710    1,948    5,260    414,058 
Depreciation
At 01 February 2023 179    71,296    271    1,062    72,808 
Charge for year        
On disposals        
At 31 January 2024 179    71,296    271    1,062    72,808 
Net book values
Closing balance as at 31 January 2024 2,961    332,414    1,677    4,198    341,250 
Opening balance as at 01 February 2023 319    139,237    1,082    1,034    141,672 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 172,795    32,455 
PAYE & Social Security 97,790    36,999 
Director: Stephen Murphy   1,104 
VAT 30,688    9,344 
301,273    79,902 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 80,593    1,526 
Accrued Expenses 280   
Other Creditors 1,415    4,504 
Obligations under HP/Financial Leases   26,532 
Wages & Salaries Control Account 9,280   
Director: Derek Nichol   4,488 
91,568    37,050 

6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Accrued Expenses   280 
Obligations Under HP/Financial Leases 313,821    157,467 
313,821    157,747 

7.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 26,918    26,918 
26,918    26,918 

3