N.R.G Rescue Ltd 14933255 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is Other transportation support activities Digita Accounts Production Advanced 6.30.9574.0 true true 14933255 2023-07-01 2024-06-30 14933255 2024-06-30 14933255 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-06-30 14933255 core:CurrentFinancialInstruments 2024-06-30 14933255 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 14933255 core:FurnitureFittingsToolsEquipment 2024-06-30 14933255 core:MotorVehicles 2024-06-30 14933255 core:OtherPropertyPlantEquipment 2024-06-30 14933255 bus:SmallEntities 2023-07-01 2024-06-30 14933255 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 14933255 bus:FilletedAccounts 2023-07-01 2024-06-30 14933255 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 14933255 bus:RegisteredOffice 2023-07-01 2024-06-30 14933255 bus:Director1 2023-07-01 2024-06-30 14933255 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-07-01 2024-06-30 14933255 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 14933255 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 14933255 core:MotorVehicles 2023-07-01 2024-06-30 14933255 core:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 14933255 countries:EnglandWales 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14933255

N.R.G Rescue Ltd

REPORT OF THE DIRECTORS and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

N.R.G Rescue Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

N.R.G Rescue Ltd

Company Information

Director

I Trigwell

Registered office

New Road Garage
New Road
Llandovery
SA20 0EA
 

Accountants

Wynne & Co
Chartered Accountants
Forestry House
Brewery Road
Carmarthen
Carmarthenshire
SA31 1TF

 

N.R.G Rescue Ltd

(Registration number: 14933255)
Balance Sheet as at 30 June 2024

Note

30 June
2024
£

Fixed assets

 

Tangible assets

4

42,816

Current assets

 

Stocks

5

1,005

Debtors

6

7,918

Cash at bank and in hand

 

9,390

 

18,313

Creditors: Amounts falling due within one year

7

(98,640)

Net current liabilities

 

(80,327)

Net liabilities

 

(37,511)

Capital and reserves

 

Called up share capital

8

100

Retained earnings

(37,611)

Shareholders' deficit

 

(37,511)

For the financial year ending 30 June 2024 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 their 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 16 December 2024
 

 

N.R.G Rescue Ltd

(Registration number: 14933255)
Balance Sheet as at 30 June 2024

.........................................
I Trigwell
Director

 

N.R.G Rescue Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024

1

General information

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

The address of its registered office is:
New Road Garage
New Road
Llandovery
SA20 0EA
United Kingdom

These financial statements were authorised for issue by the director on 16 December 2024.

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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

 

N.R.G Rescue Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024

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:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

N.R.G Rescue Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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 4.

 

N.R.G Rescue Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

Additions

1,600

56,200

5,420

63,220

At 30 June 2024

1,600

56,200

5,420

63,220

Depreciation

Charge for the year

280

18,715

1,409

20,404

At 30 June 2024

280

18,715

1,409

20,404

Carrying amount

At 30 June 2024

1,320

37,485

4,011

42,816

5

Stocks

30 June
2024
£

Other inventories

1,005

6

Debtors

Current

30 June
2024
£

Trade debtors

7,280

Prepayments

638

 

7,918

7

Creditors

Creditors: amounts falling due within one year

 

N.R.G Rescue Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024

Note

30 June
2024
£

Due within one year

 

Trade creditors

 

8,479

Owed by/(from) group undertakings

59,081

Taxation and social security

 

12,745

Accruals and deferred income

 

1,375

Other creditors

 

16,960

 

98,640

8

Share capital

Allotted, called up and fully paid shares

30 June
2024

No.

£

Ordinary Shares of £1 each

100

100