NRDS Contractors Limited 08640331 false 2023-09-01 2024-11-30 2024-11-30 The principal activity of the company is private security activities Digita Accounts Production Advanced 6.30.9574.0 true 08640331 2023-09-01 2024-11-30 08640331 2024-11-30 08640331 core:RetainedEarningsAccumulatedLosses 2024-11-30 08640331 core:ShareCapital 2024-11-30 08640331 core:CurrentFinancialInstruments 2024-11-30 08640331 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 08640331 core:FurnitureFittingsToolsEquipment 2024-11-30 08640331 bus:SmallEntities 2023-09-01 2024-11-30 08640331 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-11-30 08640331 bus:FullAccounts 2023-09-01 2024-11-30 08640331 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-11-30 08640331 bus:RegisteredOffice 2023-09-01 2024-11-30 08640331 bus:Director1 2023-09-01 2024-11-30 08640331 bus:Director2 2023-09-01 2024-11-30 08640331 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-11-30 08640331 bus:Agent1 2023-09-01 2024-11-30 08640331 core:RetainedEarningsAccumulatedLosses 2023-09-01 2024-11-30 08640331 core:ShareCapital 2023-09-01 2024-11-30 08640331 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-11-30 08640331 core:OfficeEquipment 2023-09-01 2024-11-30 08640331 countries:EnglandWales 2023-09-01 2024-11-30 08640331 2023-08-31 08640331 core:RetainedEarningsAccumulatedLosses 2023-08-31 08640331 core:ShareCapital 2023-08-31 08640331 core:FurnitureFittingsToolsEquipment 2023-08-31 08640331 2022-09-01 2023-08-31 08640331 2023-08-31 08640331 core:RetainedEarningsAccumulatedLosses 2023-08-31 08640331 core:ShareCapital 2023-08-31 08640331 core:CurrentFinancialInstruments 2023-08-31 08640331 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 08640331 1 2023-08-31 08640331 core:RetainedEarningsAccumulatedLosses 2022-09-01 2023-08-31 08640331 core:ShareCapital 2022-09-01 2023-08-31 08640331 1 2022-09-01 2023-08-31 08640331 2022-08-31 08640331 core:RetainedEarningsAccumulatedLosses 2022-08-31 08640331 core:ShareCapital 2022-08-31 08640331 1 2022-08-31 iso4217:GBP xbrli:pure

Registration number: 08640331

NRDS Contractors Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 September 2023 to 30 November 2024

 

NRDS Contractors Limited
(Registration number: 08640331)

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Financial Statements

8 to 12

Detailed Profit and Loss Account

13 to 14

 

NRDS Contractors Limited
(Registration number: 08640331)

Company Information

Directors

Mrs Suzanne Jane Ripley

Mr Ian Robert Ripley

Registered office

28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

Accountants

Thompson Jenner LLP
Chartered Accountants
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

 

NRDS Contractors Limited
(Registration number: 08640331)

Directors' Report for the Period from 1 September 2023 to 30 November 2024

The directors present their report and the financial statements for the period from 1 September 2023 to 30 November 2024.

Directors of the company

The directors who held office during the period were as follows:

Mrs Suzanne Jane Ripley

Mr Ian Robert Ripley

Principal activity

The principal activity of the company is private security activities

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 26 February 2025 and signed on its behalf by:
 

.........................................
Mr Ian Robert Ripley
Director

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
NRDS Contractors Limited
for the Period Ended 30 November 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of NRDS Contractors Limited for the period ended 30 November 2024 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of NRDS Contractors Limited, as a body, in accordance with the terms of our engagement letter dated 8 January 2021. Our work has been undertaken solely to prepare for your approval the accounts of NRDS Contractors Limited and state those matters that we have agreed to state to the Board of Directors of NRDS Contractors Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NRDS Contractors Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that NRDS Contractors Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of NRDS Contractors Limited. You consider that NRDS Contractors Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of NRDS Contractors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Thompson Jenner LLP
Chartered Accountants
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

26 February 2025

 

NRDS Contractors Limited
(Registration number: 08640331)

Profit and Loss Account for the Period from 1 September 2023 to 30 November 2024

Note

2024
£

2023
£

Turnover

 

72,585

133,822

Administrative expenses

 

(34,789)

(151,138)

Operating profit/(loss)

 

37,796

(17,316)

Other interest receivable and similar income

 

-

8

Profit/(loss) before tax

4

37,796

(17,308)

Taxation

 

(4,241)

-

Profit/(loss) for the financial period

 

33,555

(17,308)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the period other than the results above.

 

NRDS Contractors Limited
(Registration number: 08640331)

Statement of Comprehensive Income for the Period from 1 September 2023 to 30 November 2024

2024
£

2023
£

Profit/(loss) for the period

33,555

(17,308)

Total comprehensive income for the period

33,555

(17,308)

 

NRDS Contractors Limited
(Registration number: 08640331)

Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

359

-

Current assets

 

Debtors

6

7,395

3,131

Cash at bank and in hand

 

25,958

18,843

 

33,353

21,974

Creditors: Amounts falling due within one year

7

(17,417)

(7,912)

Net current assets

 

15,936

14,062

Total assets less current liabilities

 

16,295

14,062

Provisions for liabilities

(68)

-

Net assets

 

16,227

14,062

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

16,127

13,962

Total equity

 

16,227

14,062

For the financial period ending 30 November 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 accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 26 February 2025 and signed on its behalf by:
 

.........................................
Mr Ian Robert Ripley
Director

 

NRDS Contractors Limited
(Registration number: 08640331)

Statement of Changes in Equity for the Period from 1 September 2023 to 30 November 2024

Share capital
£

Retained earnings
£

Total
£

At 1 September 2023

100

13,962

14,062

Profit for the period

-

33,555

33,555

Dividends

-

(31,390)

(31,390)

At 30 November 2024

100

16,127

16,227

Share capital
£

Retained earnings
£

Total
£

At 1 September 2022

100

96,560

96,660

Loss for the period

-

(17,308)

(17,308)

Dividends

-

(65,290)

(65,290)

At 31 August 2023

100

13,962

14,062

 

NRDS Contractors Limited
(Registration number: 08640331)

Notes to the Unaudited Financial Statements for the Period from 1 September 2023 to 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

NRDS Contractors Limited
(Registration number: 08640331)

Notes to the Unaudited Financial Statements for the Period from 1 September 2023 to 30 November 2024

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33.3% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

NRDS Contractors Limited
(Registration number: 08640331)

Notes to the Unaudited Financial Statements for the Period from 1 September 2023 to 30 November 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2023 - 2).

4

Profit/loss before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

180

-

 

NRDS Contractors Limited
(Registration number: 08640331)

Notes to the Unaudited Financial Statements for the Period from 1 September 2023 to 30 November 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2023

1,372

1,372

Additions

538

538

At 30 November 2024

1,910

1,910

Depreciation

At 1 September 2023

1,372

1,372

Charge for the period

179

179

At 30 November 2024

1,551

1,551

Carrying amount

At 30 November 2024

359

359

6

Debtors

2024
£

2023
£

Trade debtors

7,395

-

Other debtors

-

3,131

Total current trade and other debtors

7,395

3,131

 

NRDS Contractors Limited
(Registration number: 08640331)

Notes to the Unaudited Financial Statements for the Period from 1 September 2023 to 30 November 2024

7

Creditors

2024
£

2023
£

Due within one year

Taxation and social security

4,456

-

Other creditors

4,797

5,758

Accrued expenses

8,164

2,154

17,417

7,912

8

Related party transactions

Transactions with directors

2023

At 1 September 2022
£

Advances to director
£

Repayments by director
£

At 31 August 2023
£

Interest free loan, repayable on demand

602

250

(852)

-

         
       

 

 

NRDS Contractors Limited
(Registration number: 08640331)

Detailed Profit and Loss Account for the Period from 1 September 2023 to 30 November 2024

2024
£

2023
£

Turnover

72,585

133,822

Gross profit (%)

100%

100%

Administrative expenses

Employment costs

(23,553)

(138,193)

Establishment costs

(1,082)

(624)

General administrative expenses

(9,856)

(12,211)

Finance charges

(118)

(110)

Depreciation costs

(180)

-

(34,789)

(151,138)

Operating profit/(loss)

37,796

(17,316)

Other interest receivable and similar income

-

8

Profit/(loss) before tax

37,796

(17,308)

 

NRDS Contractors Limited
(Registration number: 08640331)

Detailed Profit and Loss Account for the Period from 1 September 2023 to 30 November 2024

2024
£

2023
£

   

Turnover

Sales

72,585

133,822

   

   

Employment costs

Directors remuneration

23,498

16,676

Directors NIC (Employers)

55

(51)

Company Pension Contribution

-

120,000

Staff training

-

936

Staff welfare

-

632

23,553

138,193

   

Establishment costs

Insurance

302

-

Use of home as office

780

624

1,082

624

   

General administrative expenses

Telephone

799

2,065

Computer

331

292

Carriage/Post

116

195

Trade subscriptions

163

144

Charitable donations

-

57

Sundry

953

369

Travel

3,796

6,106

Client Entertaining

782

883

Accountancy

2,916

2,100

9,856

12,211

   

Finance charges

Bank charges

118

110

   

Depreciation costs

Depreciation of office equipment (owned)

180

-

   

Other interest receivable and similar income

Other interest receivable

-

8