Nottingham Office Equipment Company Limited 07411042 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is retail of specialised office equipment Digita Accounts Production Advanced 6.30.9574.0 true 07411042 2024-04-01 2025-03-31 07411042 2025-03-31 07411042 bus:OrdinaryShareClass1 2025-03-31 07411042 core:CurrentFinancialInstruments 2025-03-31 07411042 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 07411042 core:Goodwill 2025-03-31 07411042 core:OtherResidualIntangibleAssets 2025-03-31 07411042 core:FurnitureFittingsToolsEquipment 2025-03-31 07411042 core:MotorVehicles 2025-03-31 07411042 bus:SmallEntities 2024-04-01 2025-03-31 07411042 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 07411042 bus:FilletedAccounts 2024-04-01 2025-03-31 07411042 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07411042 bus:RegisteredOffice 2024-04-01 2025-03-31 07411042 bus:Director1 2024-04-01 2025-03-31 07411042 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 07411042 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07411042 core:Goodwill 2024-04-01 2025-03-31 07411042 core:IntangibleAssetsOtherThanGoodwill 2024-04-01 2025-03-31 07411042 core:OtherResidualIntangibleAssets 2024-04-01 2025-03-31 07411042 core:FurnitureFittings 2024-04-01 2025-03-31 07411042 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 07411042 core:MotorVehicles 2024-04-01 2025-03-31 07411042 core:OfficeEquipment 2024-04-01 2025-03-31 07411042 core:PlantMachinery 2024-04-01 2025-03-31 07411042 countries:England 2024-04-01 2025-03-31 07411042 2024-03-31 07411042 core:Goodwill 2024-03-31 07411042 core:OtherResidualIntangibleAssets 2024-03-31 07411042 core:FurnitureFittingsToolsEquipment 2024-03-31 07411042 core:MotorVehicles 2024-03-31 07411042 2023-04-01 2024-03-31 07411042 2024-03-31 07411042 bus:OrdinaryShareClass1 2024-03-31 07411042 core:CurrentFinancialInstruments 2024-03-31 07411042 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 07411042 core:Goodwill 2024-03-31 07411042 core:OtherResidualIntangibleAssets 2024-03-31 07411042 core:FurnitureFittingsToolsEquipment 2024-03-31 07411042 core:MotorVehicles 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07411042

Nottingham Office Equipment Company Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Nottingham Office Equipment Company Limited

(Registration number: 07411042)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

4

3,833

4,791

Tangible assets

5

117,955

59,205

 

121,788

63,996

Current assets

 

Stocks

6

48,500

52,125

Debtors

7

193,750

126,633

Cash at bank and in hand

 

682,527

780,064

 

924,777

958,822

Creditors: Amounts falling due within one year

8

(82,399)

(135,601)

Net current assets

 

842,378

823,221

Total assets less current liabilities

 

964,166

887,217

Provisions for liabilities

(28,467)

(13,714)

Net assets

 

935,699

873,503

Capital and reserves

 

Called up share capital

9

1

1

Retained earnings

935,698

873,502

Shareholders' funds

 

935,699

873,503

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 May 2025
 

.........................................
Kevin Woodley
Director

 

Nottingham Office Equipment Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
36 Turnley Road
South Normanton
Derbyshire
DE55 2FB

These financial statements were authorised for issue by the director on 28 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

 

Nottingham Office Equipment Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% reducing balance

Fixtures and fittings

20% reducing balance

Motor vehicles

20% reducing balance

Office equipment

20% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

estimated useful life of 5 years

Intangible assets

straight line over 15 years

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2024 - 7).

 

Nottingham Office Equipment Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Intangible assets

Goodwill
 £

Other intangible assets
 £

Total
£

Cost or valuation

At 1 April 2024

25,000

22,846

47,846

At 31 March 2025

25,000

22,846

47,846

Amortisation

At 1 April 2024

25,000

18,055

43,055

Amortisation charge

-

958

958

At 31 March 2025

25,000

19,013

44,013

Carrying amount

At 31 March 2025

-

3,833

3,833

At 31 March 2024

-

4,791

4,791

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2024

38,594

112,934

151,528

Additions

5,349

118,215

123,564

Disposals

-

(78,434)

(78,434)

At 31 March 2025

43,943

152,715

196,658

Depreciation

At 1 April 2024

28,846

63,477

92,323

Charge for the year

3,019

26,469

29,488

Eliminated on disposal

-

(43,108)

(43,108)

At 31 March 2025

31,865

46,838

78,703

Carrying amount

At 31 March 2025

12,078

105,877

117,955

At 31 March 2024

9,748

49,457

59,205

6

Stocks

2025
£

2024
£

Other inventories

48,500

52,125

 

Nottingham Office Equipment Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Debtors

Current

2025
£

2024
£

Trade debtors

187,371

116,641

Prepayments

3,977

8,392

Other debtors

2,402

1,600

 

193,750

126,633

8

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

3,584

(1,207)

Taxation and social security

26,628

89,818

Accruals and deferred income

17,185

7,781

Other creditors

35,002

39,209

82,399

135,601

9

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary of £1 each

1

1

1

1