8 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-30 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 05288364 2023-04-30 2024-04-29 05288364 2024-04-29 05288364 2023-04-29 05288364 2022-04-30 2023-04-29 05288364 2023-04-29 05288364 2022-04-29 05288364 core:PlantMachinery 2023-04-30 2024-04-29 05288364 bus:OrdinaryShareClass1 2023-04-30 2024-04-29 05288364 bus:Director2 2023-04-30 2024-04-29 05288364 core:WithinOneYear 2024-04-29 05288364 core:WithinOneYear 2023-04-29 05288364 core:PlantMachinery 2023-04-29 05288364 core:PlantMachinery 2024-04-29 05288364 core:AfterOneYear 2024-04-29 05288364 core:AfterOneYear 2023-04-29 05288364 core:ShareCapital 2024-04-29 05288364 core:ShareCapital 2023-04-29 05288364 core:RetainedEarningsAccumulatedLosses 2024-04-29 05288364 core:RetainedEarningsAccumulatedLosses 2023-04-29 05288364 core:PlantMachinery 2023-04-29 05288364 bus:SmallEntities 2023-04-30 2024-04-29 05288364 bus:AuditExemptWithAccountantsReport 2023-04-30 2024-04-29 05288364 bus:SmallCompaniesRegimeForAccounts 2023-04-30 2024-04-29 05288364 bus:PrivateLimitedCompanyLtd 2023-04-30 2024-04-29 05288364 bus:FullAccounts 2023-04-30 2024-04-29 05288364 bus:OrdinaryShareClass1 2024-04-29 05288364 bus:OrdinaryShareClass1 2023-04-29 05288364 core:WithinOneYear 1 2024-04-29 05288364 core:WithinOneYear 1 2023-04-29 05288364 core:OtherPropertyPlantEquipment 2023-04-30 2024-04-29 05288364 core:OtherPropertyPlantEquipment 2024-04-29 05288364 core:OtherPropertyPlantEquipment 2023-04-29
COMPANY REGISTRATION NUMBER: 05288364
NVB (NORTH EAST) LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
29 April 2024
NVB (NORTH EAST) LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 29th APRIL 2024
CONTENTS
PAGES
Statement of financial position
1 to 2
Notes to the financial statements
3 to 6
NVB (NORTH EAST) LIMITED
STATEMENT OF FINANCIAL POSITION
29 April 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
2,307
4,725
CURRENT ASSETS
Stocks
6
7,932
7,249
Debtors
7
120
940
Cash at bank and in hand
6,836
3,507
---------
---------
14,888
11,696
CREDITORS: amounts falling due within one year
8
179,401
163,098
----------
----------
NET CURRENT LIABILITIES
164,513
151,402
----------
----------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 162,206)
( 146,677)
CREDITORS: amounts falling due after more than one year
9
4,573
8,333
----------
----------
NET LIABILITIES
( 166,779)
( 155,010)
----------
----------
CAPITAL AND RESERVES
Called up share capital
10
1
1
Profit and loss account
( 166,780)
( 155,011)
----------
----------
SHAREHOLDERS DEFICIT
( 166,779)
( 155,010)
----------
----------
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 statement of income and retained earnings has not been delivered.
For the year ending 29th April 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 .
NVB (NORTH EAST) LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
29 April 2024
These financial statements were approved by the board of directors and authorised for issue on 29 April 2025 , and are signed on behalf of the board by:
Mrs J. Bulch
Director
Company registration number: 05288364
NVB (NORTH EAST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 29th APRIL 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 The Old Post Office, 63 Saville Street, North Shields, Tyne & Wear, NE30 1AY.
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. Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
The financial statements have been prepared on the going concern basis. The directors consider that this basis is appropriate following due consideration of the present financial position, the expected prospects of the company during the twelve months from the date of approval of these financial statements and the continued support of the company's directors, bankers and other lending agents during this time.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied stated net of discounts and of Value Added Tax.
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:
Kitchen equipment
-
25% straight line
Other equipment
-
25% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 8 (2023: 8 ).
5. TANGIBLE ASSETS
Kitchen equipment
Other equipment
Total
£
£
£
Cost
At 30th April 2023 and 29th April 2024
18,115
5,121
23,236
---------
-------
---------
Depreciation
At 30th April 2023
15,143
3,368
18,511
Charge for the year
1,482
936
2,418
---------
-------
---------
At 29th April 2024
16,625
4,304
20,929
---------
-------
---------
Carrying amount
At 29th April 2024
1,490
817
2,307
---------
-------
---------
At 29th April 2023
2,972
1,753
4,725
---------
-------
---------
6. STOCKS
2024
2023
£
£
Goods for resale
7,932
7,249
-------
-------
7. DEBTORS
2024
2023
£
£
Prepayments
120
120
Other debtors
820
----
----
120
940
----
----
8. CREDITORS: amounts falling due within one year
2024
2023
£
£
Bank loan
4,039
4,000
Trade creditors
17,289
5,146
Accruals
8,780
1,505
Social security and other taxes
119,592
79,863
Director loan accounts
28,015
70,288
Commercial card
1,471
2,096
Other creditors
215
200
----------
----------
179,401
163,098
----------
----------
9. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Bank loan
4,573
8,333
-------
-------
10. CALLED UP SHARE CAPITAL
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
11. RELATED PARTY TRANSACTIONS
The directors continue to offer financial support to the company and a directors' loan account processes the transactions between N. V. and Mrs J. Bulch and NVB (North East) Limited. At the year end £28,015 (2023: £70,288) was owed to the directors and this is included within creditors: amounts falling due within one year. No further transactions with related parties were undertaken such as are required to be disclosed under the FRS 102 Section 1A small entities.