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Company Registration No. 04252134 (England and Wales)
NAC Limited Unaudited accounts for the year ended 31 July 2024
NAC Limited Unaudited accounts Contents
Page
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NAC Limited Company Information for the year ended 31 July 2024
Directors
Emma Alexandra Clark Nigel A Clark
Company Number
04252134 (England and Wales)
Registered Office
Manor House Dowlish Wake Ilminster Somerset TA19 0NX England
Accountants
GSI Accounts Ltd 8 Link Way, Oakley Basingstoke Hampshire RG23 7DG
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NAC Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
152,129 
203,362 
Investments
20,000 
20,000 
172,129 
223,362 
Current assets
Debtors
55,770 
61,680 
Cash at bank and in hand
441 
1,457 
56,211 
63,137 
Creditors: amounts falling due within one year
(9,459)
(3,596)
Net current assets
46,752 
59,541 
Total assets less current liabilities
218,881 
282,903 
Creditors: amounts falling due after more than one year
(152,073)
(210,162)
Net assets
66,808 
72,741 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
65,808 
71,741 
Shareholders' funds
66,808 
72,741 
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 17 April 2025 and were signed on its behalf by
Nigel A Clark Director Company Registration No. 04252134
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NAC Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
NAC Limited is a private company, limited by shares, registered in England and Wales, registration number 04252134. The registered office is Manor House, Dowlish Wake, Ilminster, Somerset, TA19 0NX, England.
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.
4
Investment property
2024 
£ 
Fair value at 1 August 2023
203,362 
Disposals
(43,749)
Net loss from fair value adjustments
(7,484)
At 31 July 2024
152,129 
5
Investments
Other investments 
£ 
Valuation at 1 August 2023
20,000 
Valuation at 31 July 2024
20,000 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
15,495 
17,005 
Other debtors
- 
4,400 
15,495 
21,405 
Amounts falling due after more than one year
Other debtors
40,275 
40,275 
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NAC Limited Notes to the Accounts for the year ended 31 July 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
4,696 
96 
Accruals
4,763 
3,500 
9,459 
3,596 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
152,073 
210,162 
9
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
(15,495)
(17,005)
2024 
2023 
£ 
£ 
Provision at start of year
(17,005)
(28,255)
Charged to the profit and loss account
1,510 
11,250 
Provision at end of year
(15,495)
(17,005)
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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