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Registration number: 04727863

NDTec Limited

Unaudited Financial Statements

for the Year Ended 30 June 2024

 

NDTec Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

NDTec Limited

(Registration number: 04727863)

Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

87

133

Current assets

 

Stocks

23,751

25,378

Debtors

4

2,504

3,314

Cash at bank and in hand

 

26,970

17,224

 

53,225

45,916

Creditors: Amounts falling due within one year

5

(36,671)

(20,928)

Net current assets

 

16,554

24,988

Total assets less current liabilities

 

16,641

25,121

Creditors: Amounts falling due after more than one year

5

(8,611)

(16,800)

Net assets

 

8,030

8,321

Capital and reserves

 

Called up share capital

100

100

Retained earnings

7,930

8,221

Shareholders' funds

 

8,030

8,321

For the financial year ending 30 June 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 year 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 delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

 

NDTec Limited

(Registration number: 04727863)

Balance Sheet as at 30 June 2024 (continued)

These financial statements, which 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 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 19 March 2025 and signed on its behalf by:
 

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

N Chadwick

Director

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

D Yeaman

Director

 

NDTec Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

Accounting policies

Statutory information

NDTec Limited is a private company, limited by shares, domiciled in England and Wales, company number 04727863. The registered office is at 10 Cathedral Court, Dunsville, Doncaster, DN4 4QF.

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 were prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

These financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

After due consideration of all relevant factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.

Tax

The tax expense for the period comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except that a charge 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.

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.

 

NDTec Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

1

Accounting policies (continued)

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

Fixtures and fittings

25% reducing balance

Office equipment

25% reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of income and retained earnings.
 

2

Staff numbers

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

 

NDTec Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

3

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost

At 1 July 2023

2,792

6,660

9,452

At 30 June 2024

2,792

6,660

9,452

Depreciation

At 1 July 2023

2,742

6,577

9,319

Charge for the year

13

33

46

At 30 June 2024

2,755

6,610

9,365

Carrying amount

At 30 June 2024

37

50

87

At 30 June 2023

50

83

133

4

Debtors

2024
£

2023
£

Trade debtors

2,219

3,313

Other debtors

285

1

 

2,504

3,314

 

NDTec Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

5

Creditors

2024
 £

2023
 £

Due within one year

Bank loans

7,993

7,797

Trade creditors

23,281

7,291

Other borrowings

2,447

3,122

Social security and other taxes

18

-

Accrued expenses

2,520

2,718

Corporation tax

412

-

36,671

20,928

Due after one year

Bank loans

8,611

16,800