65 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 104,788 99,433 5,355 104,788 xbrli:pure xbrli:shares iso4217:GBP 08116894 2023-07-01 2024-06-30 08116894 2024-06-30 08116894 2023-06-30 08116894 2022-07-01 2023-06-30 08116894 2023-06-30 08116894 2022-06-30 08116894 core:LandBuildings core:ShortLeaseholdAssets 2023-07-01 2024-06-30 08116894 core:PlantMachinery 2023-07-01 2024-06-30 08116894 core:MotorVehicles 2023-07-01 2024-06-30 08116894 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 08116894 bus:OrdinaryShareClass2 2023-07-01 2024-06-30 08116894 bus:OrdinaryShareClass3 2023-07-01 2024-06-30 08116894 bus:OrdinaryShareClass4 2023-07-01 2024-06-30 08116894 bus:OrdinaryShareClass5 2023-07-01 2024-06-30 08116894 bus:Director1 2023-07-01 2024-06-30 08116894 core:LandBuildings 2023-06-30 08116894 core:PlantMachinery 2023-06-30 08116894 core:MotorVehicles 2023-06-30 08116894 core:LandBuildings 2024-06-30 08116894 core:PlantMachinery 2024-06-30 08116894 core:MotorVehicles 2024-06-30 08116894 core:LandBuildings 2023-07-01 2024-06-30 08116894 core:WithinOneYear 2024-06-30 08116894 core:WithinOneYear 2023-06-30 08116894 core:AfterOneYear 2024-06-30 08116894 core:AfterOneYear 2023-06-30 08116894 core:ShareCapital 2024-06-30 08116894 core:ShareCapital 2023-06-30 08116894 core:SharePremium 2024-06-30 08116894 core:SharePremium 2023-06-30 08116894 core:RetainedEarningsAccumulatedLosses 2024-06-30 08116894 core:RetainedEarningsAccumulatedLosses 2023-06-30 08116894 core:BetweenOneFiveYears 2024-06-30 08116894 core:BetweenOneFiveYears 2023-06-30 08116894 core:CostValuation core:Non-currentFinancialInstruments 2023-06-30 08116894 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2024-06-30 08116894 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInInvestments 2024-06-30 08116894 core:Non-currentFinancialInstruments 2023-06-30 08116894 core:LandBuildings 2023-06-30 08116894 core:PlantMachinery 2023-06-30 08116894 core:MotorVehicles 2023-06-30 08116894 bus:SmallEntities 2023-07-01 2024-06-30 08116894 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 08116894 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 08116894 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08116894 bus:FullAccounts 2023-07-01 2024-06-30 08116894 bus:OrdinaryShareClass1 2024-06-30 08116894 bus:OrdinaryShareClass1 2023-06-30 08116894 bus:OrdinaryShareClass2 2024-06-30 08116894 bus:OrdinaryShareClass2 2023-06-30 08116894 bus:OrdinaryShareClass3 2024-06-30 08116894 bus:OrdinaryShareClass3 2023-06-30 08116894 bus:OrdinaryShareClass4 2024-06-30 08116894 bus:OrdinaryShareClass4 2023-06-30 08116894 bus:OrdinaryShareClass5 2024-06-30 08116894 bus:OrdinaryShareClass5 2023-06-30 08116894 bus:AllOrdinaryShares 2024-06-30 08116894 bus:AllOrdinaryShares 2023-06-30 08116894 core:OfficeEquipment 2023-07-01 2024-06-30 08116894 core:OfficeEquipment 2023-06-30 08116894 core:OfficeEquipment 2024-06-30
COMPANY REGISTRATION NUMBER: 08116894
NENE VALLEY FIRE AND ACOUSTIC LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 June 2024
NENE VALLEY FIRE AND ACOUSTIC LTD
BALANCE SHEET
30 June 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
182,879
212,046
Investments
6
104,788
--------
--------
182,879
316,834
Current assets
Debtors
7
1,489,300
1,299,245
Cash at bank and in hand
300,957
228,600
-----------
-----------
1,790,257
1,527,845
Creditors: amounts falling due within one year
8
( 1,276,489)
( 939,399)
-----------
-----------
Net current assets
513,768
588,446
--------
--------
Total assets less current liabilities
696,647
905,280
Creditors: amounts falling due after more than one year
9
( 128,215)
( 142,122)
Provisions
Taxation including deferred tax
( 604)
( 2,485)
--------
--------
Net assets
567,828
760,673
--------
--------
Capital and reserves
Called up share capital
10
155
155
Share premium account
2,264
2,264
Profit and loss account
565,409
758,254
--------
--------
Shareholders funds
567,828
760,673
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
NENE VALLEY FIRE AND ACOUSTIC LTD
BALANCE SHEET (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 28 March 2025 , and are signed on behalf of the board by:
D Tyrrell
Director
Company registration number: 08116894
NENE VALLEY FIRE AND ACOUSTIC LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Crossways Business Centre, Bicester Road, Aylesbury, HP18 0RA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. The accounting policies set out below have, unless otherwise stated, been applied consistently to all periods presented in these financial statements. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Income tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the 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. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Short leasehold property - 20% straight line
Plant and machinery - 20% straight line
Motor vehicles - 20% straight line
Equipment - 20% straight line
Investments Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss. Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss. Basic financial liabilities, which include trade and other payables, and obligations under hire purchase agreements, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade payables 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 payment is due within one year of less. If not, then they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 65 (2023: 59 ).
5. Tangible assets
Land and buildings
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 July 2023
29,316
20,669
296,566
57,631
404,182
Additions
35,657
3,524
39,181
Disposals
( 56,810)
( 56,810)
-------
-------
--------
-------
--------
At 30 June 2024
29,316
20,669
275,413
61,155
386,553
-------
-------
--------
-------
--------
Depreciation
At 1 July 2023
25,407
1,250
117,235
48,244
192,136
Charge for the year
3,909
4,134
41,661
6,476
56,180
Disposals
( 44,642)
( 44,642)
-------
-------
--------
-------
--------
At 30 June 2024
29,316
5,384
114,254
54,720
203,674
-------
-------
--------
-------
--------
Carrying amount
At 30 June 2024
15,285
161,159
6,435
182,879
-------
-------
--------
-------
--------
At 30 June 2023
3,909
19,419
179,331
9,387
212,046
-------
-------
--------
-------
--------
6. Investments
Other investments other than loans
£
Cost
At 1 July 2023
104,788
Disposals
( 99,433)
Fair value adjustment
( 5,355)
--------
At 30 June 2024
--------
Impairment
At 1 July 2023 and 30 June 2024
--------
Carrying amount
At 30 June 2024
--------
At 30 June 2023
104,788
--------
7. Debtors
2024
2023
£
£
Trade debtors
925,711
1,008,053
Other debtors
563,589
291,192
-----------
-----------
1,489,300
1,299,245
-----------
-----------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
778,066
523,054
Corporation tax
4,679
46,161
Social security and other taxes
356,594
250,807
Other creditors
137,150
119,377
-----------
--------
1,276,489
939,399
-----------
--------
Obligations under hire purchase contracts of £28,655 (2023: £36,774) are secured on the assets to which they relate.
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
128,215
142,122
--------
--------
Obligations under hire purchase contracts of £128,215 (2023: £142,122) are secured on the assets to which they relate.
10. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 0.01 each
11,100
111
11,100
111
A Ordinary shares of £ 0.01 each
3,700
37
3,700
37
B Ordinary shares of £ 0.01 each
165
2
165
2
C Ordinary shares of £ 0.01 each
165
2
165
2
D Ordinary shares of £ 0.01 each
165
2
165
2
E Ordinary shares of £0.01 each
165
2
165
2
-------
----
-------
----
15,460
155
15,460
155
-------
----
-------
----
11. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
230,537
195,226
Later than 1 year and not later than 5 years
141,385
277,631
--------
--------
371,922
472,857
--------
--------
12. Directors' advances, credits and guarantees
During the year £139,062 (2023:£76,864) was advanced to the director of the company. The amount was repayable on demand. During the year £115,000 (2023: £25,000) was repaid by the director of the company. Interest was be charged at the official rate. The amount owed by the director at the year end was £75,551 (2023: £51,489).