Company registration number 07531907 (England and Wales)
NAC (Domestic Appliances) Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 28 February 2025
PAGES FOR FILING WITH REGISTRAR
NAC (Domestic Appliances) Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
NAC (Domestic Appliances) Ltd
Statement of Financial Position
as at 28 February 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
863,095
916,435
Current assets
Stocks
12,000
10,400
Debtors
33,963
27,706
Cash at bank and in hand
939,307
807,435
985,270
845,541
Creditors: amounts falling due within one year
(1,093,113)
(1,015,532)
Net current liabilities
(107,843)
(169,991)
Total assets less current liabilities
755,252
746,444
Creditors: amounts falling due after more than one year
(149,090)
(169,240)
Provisions for liabilities
(53,837)
(100,374)
Net assets
552,325
476,830
Capital and reserves
Called up share capital
10,000
10,000
Profit and loss reserves
542,325
466,830
Total equity
552,325
476,830
NAC (Domestic Appliances) Ltd
Statement of Financial Position (continued)
as at 28 February 2025
- 2 -

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 15 April 2025
A Welke
Director
Company Registration No. 07531907
NAC (Domestic Appliances) Ltd
Notes to the Financial Statements
for the year ended 28 February 2025
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost. The principal accounting policies adopted are set out below.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

Turnover is recognised on the supply of services to the customer.

Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation.

Website
Over 4 years
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
No depreciation
Fixtures and fittings
25% reducing balance
Computers
25% reducing balance
Motor vehicles
25% reducing balance
Stocks

Stocks are stated at the lower of cost and net realisable value.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

NAC (Domestic Appliances) Ltd
Notes to the Financial Statements (continued)
for the year ended 28 February 2025
1
Accounting policies
(continued)
- 4 -
Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated, but not reversed, at the balance sheet date. Timing differences represent accumulated differences between the company’s taxable profit and its financial profit arise primarily from the differences between the accelerated capital allowances and depreciation.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
45
41
3
Intangible fixed assets
Website
£
Cost
At 1 March 2024 and 28 February 2025
16,942
Amortisation and impairment
At 1 March 2024 and 28 February 2025
16,942
Carrying amount
At 28 February 2025
-
0
At 29 February 2024
-
0
NAC (Domestic Appliances) Ltd
Notes to the Financial Statements (continued)
for the year ended 28 February 2025
- 5 -
4
Tangible fixed assets
Freehold land and buildings
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 March 2024
514,938
22,246
171,043
256,924
965,151
Additions
-
0
-
0
7,378
44,990
52,368
At 28 February 2025
514,938
22,246
178,421
301,914
1,017,519
Depreciation and impairment
At 1 March 2024
-
0
10,529
33,958
4,229
48,716
Depreciation charged in the year
-
0
2,929
35,153
67,626
105,708
At 28 February 2025
-
0
13,458
69,111
71,855
154,424
Carrying amount
At 28 February 2025
514,938
8,788
109,310
230,059
863,095
At 29 February 2024
514,938
11,717
137,085
252,695
916,435
5
Control

The company was under the control of AACO Holdings Ltd, a company incorporated in England and Wales of which A Welke and A Mulvey are directors.

6
Company information

NAC (Domestic Appliances) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 4 Calder Close, Calder Park, Wakefield, West Yorkshire, United Kingdom, WF4 3BA.

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