Niblett Building Services Limited 04143595 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is conservatory & window fitment. Digita Accounts Production Advanced 6.30.9574.0 true 04143595 2023-10-01 2024-09-30 04143595 2024-09-30 04143595 core:RetainedEarningsAccumulatedLosses 2024-09-30 04143595 core:ShareCapital 2024-09-30 04143595 core:CurrentFinancialInstruments 2024-09-30 04143595 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 04143595 core:Non-currentFinancialInstruments 2024-09-30 04143595 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 04143595 core:FurnitureFittingsToolsEquipment 2024-09-30 04143595 core:MotorVehicles 2024-09-30 04143595 core:OtherPropertyPlantEquipment 2024-09-30 04143595 bus:SmallEntities 2023-10-01 2024-09-30 04143595 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 04143595 bus:FilletedAccounts 2023-10-01 2024-09-30 04143595 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 04143595 bus:RegisteredOffice 2023-10-01 2024-09-30 04143595 bus:CompanySecretaryDirector1 2023-10-01 2024-09-30 04143595 bus:Director1 2023-10-01 2024-09-30 04143595 bus:Director3 2023-10-01 2024-09-30 04143595 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04143595 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 04143595 core:MotorVehicles 2023-10-01 2024-09-30 04143595 core:OfficeEquipment 2023-10-01 2024-09-30 04143595 core:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 04143595 core:PlantMachinery 2023-10-01 2024-09-30 04143595 countries:EnglandWales 2023-10-01 2024-09-30 04143595 2023-09-30 04143595 core:FurnitureFittingsToolsEquipment 2023-09-30 04143595 core:MotorVehicles 2023-09-30 04143595 core:OtherPropertyPlantEquipment 2023-09-30 04143595 2022-04-01 2023-09-30 04143595 2023-09-30 04143595 core:RetainedEarningsAccumulatedLosses 2023-09-30 04143595 core:ShareCapital 2023-09-30 04143595 core:CurrentFinancialInstruments 2023-09-30 04143595 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 04143595 core:Non-currentFinancialInstruments 2023-09-30 04143595 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 04143595 core:FurnitureFittingsToolsEquipment 2023-09-30 04143595 core:MotorVehicles 2023-09-30 04143595 core:OtherPropertyPlantEquipment 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 04143595

Niblett Building Services Limited

Unaudited Financial Statements

for the Year Ended 30 September 2024

 

Niblett Building Services Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Niblett Building Services Limited

Company Information

Director

SY Niblett

DC Niblett

J Niblett

Company secretary

Registered office

34 Boulevard
Weston-super-Mare
North Somerset
BS23 1NF

Accountants

Four Fifty Partnership
Chartered Accountants
34 Boulevard
Weston-super-Mare
North Somerset
BS23 1NF

 

Niblett Building Services Limited

(Registration number: 04143595)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

8,835

9,913

Current assets

 

Stocks

5

650

510

Debtors

6

5,559

69

Cash at bank and in hand

 

21,887

10,120

 

28,096

10,699

Creditors: Amounts falling due within one year

7

(25,691)

(18,451)

Net current assets/(liabilities)

 

2,405

(7,752)

Total assets less current liabilities

 

11,240

2,161

Creditors: Amounts falling due after more than one year

7

-

(1,759)

Net assets

 

11,240

402

Capital and reserves

 

Called up share capital

100

100

Retained earnings

11,140

302

Shareholders' funds

 

11,240

402

 

Niblett Building Services Limited

(Registration number: 04143595)
Balance Sheet as at 30 September 2024

For the financial year ending 30 September 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 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 June 2024
 

.........................................
J Niblett
Director

 

Niblett Building Services Limited

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

1

General information

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

These financial statements were authorised for issue by the director on 28 June 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

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities 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.

The presentation currency of the financial statements is the Pound Sterling (£). All monetary amounts are rounded to the nearest £.

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.

 

Niblett Building Services Limited

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

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current 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.

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

15% Reducing balance method

Fixtures and Fittings

15% Reducing balance method

Motor vehicles

15% Reducing balance method

Office equipment

25% Straight line method

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.

 

Niblett Building Services Limited

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

2

Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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 3 (2023 - 2).

 

Niblett Building Services Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other property, plant and equipment
 £

Total
£

Cost or valuation

At 1 October 2023

3,073

35,467

1,650

40,190

Additions

772

-

-

772

At 30 September 2024

3,845

35,467

1,650

40,962

Depreciation

At 1 October 2023

2,255

26,543

1,479

30,277

Charge for the year

485

1,339

26

1,850

At 30 September 2024

2,740

27,882

1,505

32,127

Carrying amount

At 30 September 2024

1,105

7,585

145

8,835

At 30 September 2023

818

8,924

171

9,913

5

Stocks

2024
£

2023
£

Other inventories

650

510

6

Debtors

Current

2024
£

2023
£

Trade debtors

5,032

-

Prepayments

527

69

 

5,559

69

 

Niblett Building Services Limited

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

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

1,764

4,123

Trade creditors

 

-

258

Taxation and social security

 

10,617

4,532

Accruals and deferred income

 

2,607

3,745

Other creditors

 

10,703

5,793

 

25,691

18,451

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

-

1,759

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

-

1,759

Current loans and borrowings

2024
£

2023
£

Other borrowings

1,764

4,123