Company Registration No. 09515302 (England and Wales)
NLD (Operations) Ltd
Unaudited accounts
for the year ended 31 May 2023
NLD (Operations) Ltd
Unaudited accounts
Contents
NLD (Operations) Ltd
Statement of financial position
as at 31 May 2023
Inventories
710,922
712,000
Cash at bank and in hand
37,073
(9,793)
Creditors: amounts falling due within one year
(307,167)
(213,115)
Net current assets
580,716
583,195
Total assets less current liabilities
582,347
583,267
Creditors: amounts falling due after more than one year
(564,691)
(687,604)
Provisions for liabilities
Net assets/(liabilities)
17,346
(104,350)
Called up share capital
100
100
Profit and loss account
17,246
(104,450)
Shareholders' funds
17,346
(104,350)
For the year ending 31 May 2023 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 7 February 2025 and were signed on its behalf by
J Stafford
Director
Company Registration No. 09515302
NLD (Operations) Ltd
Notes to the Accounts
for the year ended 31 May 2023
NLD (Operations) Ltd is a private company, limited by shares, registered in England and Wales, registration number 09515302. The registered office is 4E The Lanterns, 16 Melbourn Street, Royston, Herts, SG8 7BX.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
25% per annum straight line basis
Computer equipment
25% per annum straight line basis
Land and development work in progress have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Interest charges on loans to finance the developments are charged to the Statement of Income and Retained Earnings as incurred.
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.
At the Balance Sheet date the Company had net liabilities of £104,350 (2021: £315,395).
The directors deem it appropriate to prepare the financial statements on the going concern basis as the directors will continue to support the Company for the foreseeable future and for a period of at least the next twelve months. The directors are the major creditors.
NLD (Operations) Ltd
Notes to the Accounts
for the year ended 31 May 2023
4
Tangible fixed assets
Total
5
Transactions with related parties
Included within other creditors due more than one year are amounts due to companies with joint control over the company of £157,318 (2021: £121,550 due within one year).
Included within other debtors due within one year are amounts due from companies with joint control over the company of £231,860 (2021: £248,005).
6
Average number of employees
During the year the average number of employees was 1 (2022: 3).