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Registered Number: 10210266
England and Wales

 

 

 

NC REDDY LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 July 2023

End date: 30 June 2024
Director Mr N C Reddy
Registered Number 10210266
Registered Office 23 Grenada Close
Lower Darwen
Lancashire
BB3 0SB
Accountants IAC Accountants Limited
Regal Court Business Centre
42-44 High Street
Slough, England
SL1 1EL
1
 
 
Notes
 
2024
£
  2023
£
Current assets      
Debtors: amounts falling due within one year 3 96,507    96,507 
Creditors: amount falling due within one year 4 (6,193)   (5,635)
Net current assets 90,314    90,872 
 
Total assets less current liabilities 90,314    90,872 
Net assets 90,314    90,872 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 90,313    90,871 
Shareholders' funds 90,314    90,872 
 


For the year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges 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 director on 25 February 2025 and were signed by:


-------------------------------
Mr N C Reddy
Director
2
General Information
NC Reddy Ltd is a private company, limited by shares, registered in England and Wales, registration number 10210266, registration address 23 Grenada Close, Lower Darwen, Lancashire, BB3 0SB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors have confirmed that they will continue to give financial support to the company until such time as its position improves. In addition the directors have confirmed that they will not recall their loans within 12 months. The directors consider that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if the financial support were withdrawn.
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 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.

2.

Average number of employees


Average number of employees during the year was 1 (2023 : 1).
3.

Debtors: amounts falling due within one year

2024
£
  2023
£
Other Debtors 96,507    96,507 
96,507    96,507 

4.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 448    106 
Accrued Expenses 466    250 
Directors' Current Accounts 5,279    5,279 
6,193    5,635 

3