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REGISTERED NUMBER: 04734747 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

NIA-CON LIMITED

NIA-CON LIMITED (REGISTERED NUMBER: 04734747)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NIA-CON LIMITED

COMPANY INFORMATION
for the year ended 31 May 2024







DIRECTORS: G Rankin
S Bateman
P Mawson





SECRETARY: Mrs K Rankin





REGISTERED OFFICE: First Floor Well House Mill
Main Street
Wilsden
Bradford
West Yorkshire
BD15 0JW





REGISTERED NUMBER: 04734747 (England and Wales)





ACCOUNTANTS: Baty Casson Long
6 Lascelles Road
Harrogate
HG2 0LA

NIA-CON LIMITED (REGISTERED NUMBER: 04734747)

BALANCE SHEET
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 183,405 104,387

CURRENT ASSETS
Stocks 39,619 24,597
Debtors 5 243,258 222,572
Prepayments and accrued income 28,868 9,509
Cash at bank and in hand 279,954 113,436
591,699 370,114
CREDITORS
Amounts falling due within one year 6 438,724 229,065
NET CURRENT ASSETS 152,975 141,049
TOTAL ASSETS LESS CURRENT
LIABILITIES

336,380

245,436

CREDITORS
Amounts falling due after more than one
year

7

(67,539

)

(30,323

)

PROVISIONS FOR LIABILITIES (45,794 ) (19,780 )
NET ASSETS 223,047 195,333

CAPITAL AND RESERVES
Called up share capital 9 120 120
Retained earnings 10 222,927 195,213
SHAREHOLDERS' FUNDS 223,047 195,333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

NIA-CON LIMITED (REGISTERED NUMBER: 04734747)

BALANCE SHEET - continued
31 May 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 4 February 2025 and were signed on its behalf by:





G Rankin - Director


NIA-CON LIMITED (REGISTERED NUMBER: 04734747)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Nia-Con Limited 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 15% on cost
Computer equipment - 15% on cost

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

Work in progress is valued at selling price on a part completed basis.

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.

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.

NIA-CON LIMITED (REGISTERED NUMBER: 04734747)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 97,194 8,452 155,408 9,447 270,501
Additions 1,507 - 107,449 1,166 110,122
At 31 May 2024 98,701 8,452 262,857 10,613 380,623
DEPRECIATION
At 1 June 2023 93,116 8,273 56,490 8,235 166,114
Charge for year 733 125 29,686 560 31,104
At 31 May 2024 93,849 8,398 86,176 8,795 197,218
NET BOOK VALUE
At 31 May 2024 4,852 54 176,681 1,818 183,405
At 31 May 2023 4,078 179 98,918 1,212 104,387

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 243,258 222,572

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts (see note 8) 24,405 17,329
Payments on account 200,000 -
Trade creditors 57,960 113,156
Tax 36,913 23,047
Social security and other taxes 16,282 14,431
VAT 78,823 37,600
Directors' loan accounts 8,110 8,744
Accruals and deferred income 16,231 14,758
438,724 229,065

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts (see note 8) 67,539 30,323

NIA-CON LIMITED (REGISTERED NUMBER: 04734747)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.5.24 31.5.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Hire purchase 14,559 -

Hire purchase liabilities of £91,944 are secured over the assets provided.

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.5.24 31.5.23
£    £   
Net obligations repayable:
Within one year 24,405 17,329
Between one and five years 52,980 30,323
In more than five years 14,559 -
91,944 47,652

Non-cancellable operating leases
31.5.24 31.5.23
£    £   
Within one year 3,120 3,120

The company occupies its office and warehouse property on a rolling annual lease at an annual rental of £3,120.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
120 Ordinary £1 120 120

10. RESERVES
Retained
earnings
£   

At 1 June 2023 195,213
Profit for the year 177,714
Dividends (150,000 )
At 31 May 2024 222,927

NIA-CON LIMITED (REGISTERED NUMBER: 04734747)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

11. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.