Company registration number 08327952 (England and Wales)
NIMROD ASBURY TRADING LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
NIMROD ASBURY TRADING LTD
COMPANY INFORMATION
Director
Mr N G Asbury
Company number
08327952
Registered office
Siddons Factory Estate
Howard Street
West Bromwich
West Midlands
B70 0TB
Accountants
Jerroms GCN Limited
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
B62 8DY
NIMROD ASBURY TRADING LTD
CONTENTS
Page
Accountants' report
1
Statement of financial position
2 - 3
Notes to the financial statements
4 - 6
NIMROD ASBURY TRADING LTD
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF NIMROD ASBURY TRADING LTD
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Nimrod Asbury Trading Ltd for the year ended 29 June 2024 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the board of directors of Nimrod Asbury Trading Ltd, as a body, in accordance with the terms of our engagement letter dated 1 May 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Nimrod Asbury Trading Ltd and state those matters that we have agreed to state to the board of directors of Nimrod Asbury Trading Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nimrod Asbury Trading Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that Nimrod Asbury Trading Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Nimrod Asbury Trading Ltd. You consider that Nimrod Asbury Trading Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Nimrod Asbury Trading Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Jerroms GCN Limited
20 June 2025
Chartered Certified Accountants
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
B62 8DY
NIMROD ASBURY TRADING LTD
STATEMENT OF FINANCIAL POSITION
AS AT 29 JUNE 2024
29 June 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
43,208
23,507
Current assets
Stocks
51,300
74,181
Debtors
4
66,542
34,357
Cash at bank and in hand
7,302
15,474
125,144
124,012
Creditors: amounts falling due within one year
5
(99,173)
(75,987)
Net current assets
25,971
48,025
Total assets less current liabilities
69,179
71,532
Creditors: amounts falling due after more than one year
6
(24,167)
(27,500)
Provisions for liabilities
7
(10,802)
(5,877)
Net assets
34,210
38,155
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
34,110
38,055
Total equity
34,210
38,155
NIMROD ASBURY TRADING LTD
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 JUNE 2024
29 June 2024
- 3 -

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 29 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 20 June 2025
Mr N G Asbury
Director
Company registration number 08327952 (England and Wales)
NIMROD ASBURY TRADING LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2024
- 4 -
1
Accounting policies
Company information

Nimrod Asbury Trading Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Siddons Factory Estate, Howard Street, West Bromwich, West Midlands, B70 0TB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

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

1.3
Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

 

The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when the cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance
Fixtures and fittings
25% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

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

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

NIMROD ASBURY TRADING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 JUNE 2024
1
Accounting policies
(Continued)
- 5 -
Current tax

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 30 June 2023
15,900
4,909
41,000
61,809
Additions
28,600
2,614
-
0
31,214
At 29 June 2024
44,500
7,523
41,000
93,023
Depreciation and impairment
At 30 June 2023
5,308
1,975
31,019
38,302
Depreciation charged in the year
8,054
964
2,495
11,513
At 29 June 2024
13,362
2,939
33,514
49,815
Carrying amount
At 29 June 2024
31,138
4,584
7,486
43,208
At 29 June 2023
10,592
2,934
9,981
23,507
NIMROD ASBURY TRADING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 JUNE 2024
- 6 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
58,982
26,708
Other debtors
3,536
4,525
Prepayments and accrued income
4,024
3,124
66,542
34,357
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
34,236
25,284
Trade creditors
9,848
3,967
Corporation tax
-
0
7,963
Other creditors
45,451
27,308
Accruals and deferred income
9,638
11,465
99,173
75,987
6
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Bank loans and overdrafts
24,167
27,500
7
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
10,802
5,877
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
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