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NEC (London) Limited

Registered Number
06674712
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

NEC (London) Limited
Company Information
for the year from 1 September 2023 to 31 August 2024

Director

Mr N Tsermulas

Registered Address

50 Vicars Close
Enfield
EN1 3DN

Registered Number

06674712 (England and Wales)
NEC (London) Limited
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,0892,786
2,0892,786
Current assets
Debtors7,10110,823
Cash at bank and on hand3,4473,597
10,54814,420
Creditors amounts falling due within one year(6,452)(7,002)
Net current assets (liabilities)4,0967,418
Total assets less current liabilities6,18510,204
Creditors amounts falling due after one year(3,667)(7,667)
Provisions for liabilities(926)(529)
Net assets1,5922,008
Capital and reserves
Called up share capital11
Profit and loss account1,5912,007
Shareholders' funds1,5922,008
The financial statements were approved and authorised for issue by the Director on 23 May 2025, and are signed on its behalf by:
Mr N Tsermulas
Director
Registered Company No. 06674712
NEC (London) Limited
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard. The financial statements have been prepared under the historical cost convention.
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 policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings25
Vehicles25
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 September 2323,231
At 31 August 2423,231
Depreciation and impairment
At 01 September 2320,445
Charge for year697
At 31 August 2421,142
Net book value
At 31 August 242,089
At 31 August 232,786