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Company Registration No. 08714426 (England and Wales)
S.R of N.E. Limited Unaudited accounts for the year ended 31 October 2024
S.R of N.E. Limited Unaudited accounts Contents
Page
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S.R of N.E. Limited Company Information for the year ended 31 October 2024
Director
SINGH, Gurcharn
Company Number
08714426 (England and Wales)
Registered Office
33 Cherrywood Lane Morden SM4 4HU UK
Accountants
Archimedia Accounts 6 Edison Village Nottingham Science & Technology Park Nottingham Nottinghamshire NG72RF
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S.R of N.E. Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
922 
2,216 
Investments
16,500 
11,670 
17,422 
13,886 
Current assets
Debtors
430 
745 
Cash at bank and in hand
5,710 
8,156 
6,140 
8,901 
Creditors: amounts falling due within one year
(34,939)
(41,899)
Net current liabilities
(28,799)
(32,998)
Net liabilities
(11,377)
(19,112)
Capital and reserves
Called up share capital
100 
100 
Fair value reserve
6,830 
2,000 
Profit and loss account
(18,307)
(21,212)
Shareholders' funds
(11,377)
(19,112)
For the year ending 31 October 2024 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.
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 19 March 2025 and were signed on its behalf by
SINGH, Gurcharn Director Company Registration No. 08714426
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S.R of N.E. Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
S.R of N.E. Limited is a private company, limited by shares, registered in England and Wales, registration number 08714426. The registered office is 33 Cherrywood Lane, , Morden, SM4 4HU, UK.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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% reducing balance
Motor vehicles
25% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Investments
Investments in precious metals are included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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S.R of N.E. Limited Notes to the Accounts for the year ended 31 October 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2023
15,000 
At 31 October 2024
15,000 
Amortisation
At 1 November 2023
15,000 
At 31 October 2024
15,000 
Net book value
At 31 October 2024
- 
Goodwill has been fully amortised to nil.
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
3,820 
15,332 
19,152 
Additions
240 
- 
240 
Disposals
(1,728)
(8,333)
(10,061)
At 31 October 2024
2,332 
6,999 
9,331 
Depreciation
At 1 November 2023
3,372 
13,564 
16,936 
Charge for the year
166 
202 
368 
On disposals
(1,523)
(7,372)
(8,895)
At 31 October 2024
2,015 
6,394 
8,409 
Net book value
At 31 October 2024
317 
605 
922 
At 31 October 2023
448 
1,768 
2,216 
6
Investments
Other investments 
£ 
Valuation at 1 November 2023
11,670 
Fair value adjustments
4,830 
Valuation at 31 October 2024
16,500 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
655 
Trade debtors
430 
- 
Other debtors
- 
90 
430 
745 
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S.R of N.E. Limited Notes to the Accounts for the year ended 31 October 2024
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
4,182 
VAT
1,510 
- 
Trade creditors
- 
321 
Loans from directors
32,932 
36,929 
Accruals
497 
467 
34,939 
41,899 
9
Transactions with related parties
The company has an outstanding interest free loan from the director to the company with a balance of £32932 (2023: £36929).
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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