1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2024 - FRS102_2024 344,910 75,537 269,373 235,689 10,637 246,326 23,047 109,221 xbrli:pure xbrli:shares iso4217:GBP 10223457 2023-07-01 2024-06-30 10223457 2024-06-30 10223457 2023-06-30 10223457 2022-07-01 2023-06-30 10223457 2023-06-30 10223457 2022-06-30 10223457 core:NetGoodwill 2023-07-01 2024-06-30 10223457 core:PlantMachinery 2023-07-01 2024-06-30 10223457 bus:Director1 2023-07-01 2024-06-30 10223457 core:NetGoodwill 2023-06-30 10223457 core:NetGoodwill 2024-06-30 10223457 core:PlantMachinery 2023-06-30 10223457 core:PlantMachinery 2024-06-30 10223457 core:WithinOneYear 2024-06-30 10223457 core:WithinOneYear 2023-06-30 10223457 core:ShareCapital 2024-06-30 10223457 core:ShareCapital 2023-06-30 10223457 core:RetainedEarningsAccumulatedLosses 2024-06-30 10223457 core:RetainedEarningsAccumulatedLosses 2023-06-30 10223457 core:NetGoodwill 2023-06-30 10223457 core:PlantMachinery 2023-06-30 10223457 bus:SmallEntities 2023-07-01 2024-06-30 10223457 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 10223457 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10223457 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10223457 bus:FullAccounts 2023-07-01 2024-06-30 10223457 core:ComputerEquipment 2023-07-01 2024-06-30 10223457 core:ComputerEquipment 2023-06-30 10223457 core:ComputerEquipment 2024-06-30 10223457 core:CommunicationNetworkEquipment 2024-06-30
COMPANY REGISTRATION NUMBER: 10223457
NCCTC Limited
Filleted Unaudited Financial Statements
30 June 2024
NCCTC Limited
Financial Statements
Year ended 30 June 2024
Contents
Page
Balance sheet
1
Notes to the financial statements
3
NCCTC Limited
Balance Sheet
30 June 2024
2024
2023
Note
£
£
£
£
Fixed assets
Intangible assets
5
23,047
109,221
Tangible assets
6
4,341
3,895
--------
---------
27,388
113,116
Current assets
Debtors
7
84,800
98,312
Cash at bank and in hand
323,491
202,361
---------
---------
408,291
300,673
Creditors: amounts falling due within one year
8
262,958
328,498
---------
---------
Net current assets/(liabilities)
145,333
( 27,825)
---------
---------
Total assets less current liabilities
172,721
85,291
Provisions
Taxation including deferred tax
1,086
974
---------
--------
Net assets
171,635
84,317
---------
--------
NCCTC Limited
Balance Sheet (continued)
30 June 2024
2024
2023
Note
£
£
£
£
Capital and reserves
Called up share capital
100
100
Profit and loss account
171,535
84,217
---------
--------
Shareholders funds
171,635
84,317
---------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 18 December 2024 , and are signed on behalf of the board by:
Mr M T Quinn
Director
Company registration number: 10223457
NCCTC Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Corunna Court, Corunna Road, Warwick, CV34 5HQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% straight line
Equipment
-
25% straight line
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Intangible assets
Goodwill
£
Cost
At 1 July 2023
344,910
Additions
Revaluation of cost
( 75,537)
---------
At 30 June 2024
269,373
---------
Amortisation
At 1 July 2023
235,689
Charge for the year
10,637
---------
At 30 June 2024
246,326
---------
Carrying amount
At 30 June 2024
23,047
---------
At 30 June 2023
109,221
---------
6. Tangible assets
Plant and machinery
Equipment
Total
£
£
£
Cost
At 1 July 2023
2,977
10,511
13,488
Additions
2,579
2,579
Disposals
( 7,557)
( 7,557)
-------
--------
--------
At 30 June 2024
2,977
5,533
8,510
-------
--------
--------
Depreciation
At 1 July 2023
839
8,754
9,593
Charge for the year
733
581
1,314
Disposals
( 6,738)
( 6,738)
-------
--------
--------
At 30 June 2024
1,572
2,597
4,169
-------
--------
--------
Carrying amount
At 30 June 2024
1,405
2,936
4,341
-------
--------
--------
At 30 June 2023
2,138
1,757
3,895
-------
--------
--------
7. Debtors
2024
2023
£
£
Trade debtors
79,217
81,259
Other debtors
5,583
17,053
--------
--------
84,800
98,312
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
74,896
43,699
Corporation tax
66,145
40,344
Social security and other taxes
62,810
46,984
Other creditors
59,107
197,471
---------
---------
262,958
328,498
---------
---------
9. Directors' advances, credits and guarantees
During the year, the directors had interest-free, repayable on demand loans with the company. At the start of the year the directors were owed £49,491, and at the end of the year the directors were owed £548.
10. Related party transactions
During the year the company had a loan with a company under the control of the directors. This loan is interest free and repayable on demand. At the end of the year NCCTC Limited owed £29,959 (2023: £nil) to this company.