Company Registration No. 04252134 (England and Wales)
NAC Limited
Unaudited accounts
for the year ended 31 July 2024
NAC Limited
Unaudited accounts
Contents
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
NAC Limited
Statement of financial position
as at 31 July 2024
Investment property
152,129
203,362
Cash at bank and in hand
441
1,457
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)
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
NAC Limited
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Fair value at 1 August 2023
203,362
Net loss from fair value adjustments
(7,484)
5
Investments
Other investments
Valuation at 1 August 2023
20,000
Valuation at 31 July 2024
20,000
Amounts falling due within one year
Deferred tax asset
15,495
17,005
Amounts falling due after more than one year
Other debtors
40,275
40,275
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
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)
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).