Company Registration No. 08186223 (England and Wales)
NSB CONSTRUCTION (LINCOLN) LIMITED
Unaudited accounts
for the year ended 31 August 2024
NSB CONSTRUCTION (LINCOLN) LIMITED
Unaudited accounts
Contents
NSB CONSTRUCTION (LINCOLN) LIMITED
Company Information
for the year ended 31 August 2024
Director
Nicholas Stephen Barnes
Company Number
08186223 (England and Wales)
Registered Office
38 Dear Street
Market Rasen
LINCOLNSHIRE
LN8 3BH
ENGLAND
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA
Templar Accounting & Business Support
Services Limited (Incorp: Blake and Co )
112 - 113 High Street,
Lincoln, Lincolnshire
LN5 7PY
NSB CONSTRUCTION (LINCOLN) LIMITED
Statement of financial position
as at 31 August 2024
Cash at bank and in hand
-
1
Creditors: amounts falling due within one year
-
7,587
Net current assets
-
7,588
Total assets less current liabilities
-
12,347
Creditors: amounts falling due after more than one year
12,207
(13,650)
Provisions for liabilities
Other provisions
(18,450)
-
Net liabilities
(6,243)
(1,303)
Called up share capital
100
100
Profit and loss account
(6,343)
(1,403)
Shareholders' funds
(6,243)
(1,303)
For the year ending 31 August 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 director acknowledges his 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 and authorised for issue on 4 May 2025 and were signed on its behalf by
Nicholas Stephen Barnes
Director
Company Registration No. 08186223
NSB CONSTRUCTION (LINCOLN) LIMITED
Notes to the Accounts
for the year ended 31 August 2024
NSB CONSTRUCTION (LINCOLN) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08186223. The registered office is 38 Dear Street, Market Rasen, LINCOLNSHIRE, LN8 3BH, 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Reducing balance
Computer equipment
20% Reducing balance
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2023
17,650
399
18,049
Disposals
(17,650)
(399)
(18,049)
At 1 September 2023
13,021
269
13,290
On disposals
(13,021)
(269)
(13,290)
At 31 August 2023
4,629
130
4,759
NSB CONSTRUCTION (LINCOLN) LIMITED
Notes to the Accounts
for the year ended 31 August 2024
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
4,800
Loans from directors
-
(12,567)
6
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
(12,207)
-
7
Provisions for liabilities
£
Additional provisions made during the period
18,450
Funding facility
The balance of a bounce back loan being £18,450, secured by the UK Government over the term, has been written off by the high street bank and all company bank accounts have been closed.
As a prudent measure a provision of the outstanding amount has been provided in the financial statements as at the year end.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Unsecured loan by the company
12,567
-
360
12,207
Being in mind the health condition of the only director/shareholder it is unlikely this loan will be repaid in the future.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).