Registered number
11037472
NLR Trading Limited
Filleted Accounts
31 October 2024
NLR Trading Limited
Registered number: 11037472
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,992 3,986
Current assets
Stocks 9,941 1,820
Debtors 4 - 135
Cash at bank and in hand 1,841 2,936
11,782 4,891
Creditors: amounts falling due within one year 5 (69,169) (58,138)
Net current liabilities (57,387) (53,247)
Net liabilities (55,395) (49,261)
Capital and reserves
Called up share capital 1 1
Profit and loss account (55,396) (49,262)
Shareholder's funds (55,395) (49,261)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr N Riley
Director
Approved by the board on 23 April 2025
NLR Trading Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are recognised at transaction price including any transaction costs.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are recognised at transaction price net of any transaction costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Number of employees 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2023 9,968
At 31 October 2024 9,968
Depreciation
At 1 November 2023 5,982
Charge for the year 1,994
At 31 October 2024 7,976
Net book value
At 31 October 2024 1,992
At 31 October 2023 3,986
4 Debtors 2024 2023
£ £
Other debtors - 135
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 242
Other creditors 69,169 57,896
69,169 58,138
6 Other information
NLR Trading Limited is a private company limited by shares and incorporated in England. Its registered office is:
255 Poulton Road
Wallasey
Merseyside
CH44 4BT
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