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Registered number: 09700049
Nedlon Civils Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 09700049
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 45,826 47,655
45,826 47,655
CURRENT ASSETS
Stocks 5 4,750 3,250
Debtors 6 191,063 59,002
Cash at bank and in hand 90,249 71,317
286,062 133,569
Creditors: Amounts Falling Due Within One Year 7 (231,866 ) (45,018 )
NET CURRENT ASSETS (LIABILITIES) 54,196 88,551
TOTAL ASSETS LESS CURRENT LIABILITIES 100,022 136,206
Creditors: Amounts Falling Due After More Than One Year 8 (41,079 ) (104,098 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,707 ) -
NET ASSETS 50,236 32,108
CAPITAL AND RESERVES
Called up share capital 10 400 200
Share premium account 59,884 59,942
Income Statement (10,048 ) (28,034 )
SHAREHOLDERS' FUNDS 50,236 32,108
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For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
A T Fenlon
Director
27 March 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Nedlon Civils Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09700049 . The registered office is Office 1 Tamworth Enterprise Centre, Corporation Street, Tamworth, Staffordshire, B79 7DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% reducing balance
Motor Vehicles 10% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 2)
1 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2023 39,272 56,441 613 5,342 101,668
Additions 3,278 - - - 3,278
As at 31 July 2024 42,550 56,441 613 5,342 104,946
Depreciation
As at 1 August 2023 17,158 31,590 580 4,685 54,013
Provided during the period 2,322 2,485 8 292 5,107
As at 31 July 2024 19,480 34,075 588 4,977 59,120
Net Book Value
As at 31 July 2024 23,070 22,366 25 365 45,826
As at 1 August 2023 22,114 24,851 33 657 47,655
5. Stocks
2024 2023
£ £
Stock 4,750 3,250
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 119,779 4,000
Other debtors 71,284 55,002
191,063 59,002
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,735 3,735
Trade creditors 165,956 7,557
Bank loans and overdrafts 59,284 29,642
Other creditors 1,900 2,120
Taxation and social security 991 1,964
231,866 45,018
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 1,556 5,291
Bank loans 39,523 98,807
41,079 104,098
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,735 3,735
Later than one year and not later than five years 1,556 5,291
5,291 9,026
5,291 9,026
10. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 40 -
Called Up Share Capital has been paid up 360 200
Amount of Allotted, Called Up Share Capital 400 200
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11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Mr Adam Fenlon 6,096 15,505 6,096 - 15,505
The above loan is unsecured, interest free and repayable on demand.
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