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REGISTERED NUMBER: 03554640 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

NVD Limited

NVD Limited (Registered number: 03554640)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NVD Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: R S Wilkhu
Mrs K Wilkhu
R Wilkhu
S Wilkhu
Mrs R K Wilkhu
Mrs S Wilkhu





SECRETARY: Mrs K Wilkhu





REGISTERED OFFICE: 11 Thornesgate Mews
Wakefield
West Yorkshire
WF2 8FJ





REGISTERED NUMBER: 03554640 (England and Wales)





ACCOUNTANTS: Tordoff & Co Accountants Ltd
11 Thornesgate Mews
Wakefield
West Yorkshire
WF2 8FJ

NVD Limited (Registered number: 03554640)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,862,674 1,913,928

CURRENT ASSETS
Stocks 1,434,978 1,647,375
Cash at bank and in hand 13,211 13,211
1,448,189 1,660,586
CREDITORS
Amounts falling due within one year 5 2,628,828 2,944,219
NET CURRENT LIABILITIES (1,180,639 ) (1,283,633 )
TOTAL ASSETS LESS CURRENT LIABILITIES 682,035 630,295

CAPITAL AND RESERVES
Called up share capital 110 110
Revaluation reserve 7 642,094 642,094
Retained earnings 39,831 (11,909 )
SHAREHOLDERS' FUNDS 682,035 630,295

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2025 and were signed on its behalf by:





R S Wilkhu - Director


NVD Limited (Registered number: 03554640)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

NVD Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 1% on reducing balance
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 19 ) .

NVD Limited (Registered number: 03554640)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023
and 31 May 2024 1,941,351 259,071 36,909 833 2,238,164
DEPRECIATION
At 1 June 2023 244,719 58,702 19,982 833 324,236
Charge for year 16,966 30,056 4,232 - 51,254
At 31 May 2024 261,685 88,758 24,214 833 375,490
NET BOOK VALUE
At 31 May 2024 1,679,666 170,313 12,695 - 1,862,674
At 31 May 2023 1,696,632 200,369 16,927 - 1,913,928

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 383,701 590,730
Trade creditors 49,595 49,593
Taxation and social security 59,454 76,133
Other creditors 2,136,078 2,227,763
2,628,828 2,944,219

6. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank overdrafts 212,124 180,350
Bank loans 171,577 410,380
383,701 590,730

The loans and overdraft are secured by a fixed and floating charge over the assets of the company including properties at Units 1-7a Branston Industrial Estate, 162 Armley Road Leeds LS12 2QN and 591/593 Halifax Road, Liversedge.

7. RESERVES
Revaluation
reserve
£   
At 1 June 2023
and 31 May 2024 642,094

8. ULTIMATE CONTROLLING PARTY

During the year ended 31st May 2024, R Wilkhu, K Wilkhu, R Wilkhu and S Wilkhu, all directors, controlled the company by virtue of a controlling interest of 100% of the issued ordinary share capital.