2023-10-012024-09-302024-09-30false12749632NTG COMMERCIAL SERVICES 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NTG COMMERCIAL SERVICES LTD

Registered Number
12749632
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

NTG COMMERCIAL SERVICES LTD
Company Information
for the year from 1 October 2023 to 30 September 2024

Directors

PATEL, Kalpesh
PATEL, Vimal

Registered Address

20 Chippenham Close
Wellingborough
NN8 2PX

Registered Number

12749632 (England and Wales)
NTG COMMERCIAL SERVICES LTD
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets312,51710,533
Tangible assets480,79658,954
Investments550,00050,000
143,313119,487
Current assets
Stocks65,00019,500
Debtors7875,589754,905
Cash at bank and on hand923,356937,834
1,803,9451,712,239
Creditors amounts falling due within one year8(1,619,321)(1,535,126)
Net current assets (liabilities)184,624177,113
Total assets less current liabilities327,937296,600
Creditors amounts falling due after one year9(34,506)-
Net assets293,431296,600
Capital and reserves
Called up share capital100100
Profit and loss account293,331296,500
Shareholders' funds293,431296,600
The financial statements were approved and authorised for issue by the Board of Directors on 25 June 2025, and are signed on its behalf by:
PATEL, Kalpesh
Director
PATEL, Vimal
Director

Registered Company No. 12749632
NTG COMMERCIAL SERVICES LTD
Notes to the Financial Statements
for the year ended 30 September 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.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
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.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
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 (%)
Plant and machinery25
Vehicles25
Office Equipment25
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year65
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 October 2312,00012,000
Additions5,0005,000
At 30 September 2417,00017,000
Amortisation and impairment
At 01 October 231,4671,467
Charge for year3,0163,016
At 30 September 244,4834,483
Net book value
At 30 September 2412,51712,517
At 30 September 2310,53310,533
4.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 October 2312,42087,39620,086119,902
Additions-47,79635048,146
Disposals-(5,363)-(5,363)
At 30 September 2412,420129,82920,436162,685
Depreciation and impairment
At 01 October 236,12243,52111,30560,948
Charge for year1,57519,8852,26823,728
On disposals-(2,787)-(2,787)
At 30 September 247,69760,61913,57381,889
Net book value
At 30 September 244,72369,2106,86380,796
At 30 September 236,29843,8758,78158,954
5.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 October 2350,00050,000
At 30 September 2450,00050,000
Net book value
At 30 September 2450,00050,000
At 30 September 2350,00050,000

Notes

1Other investments other than loans
6.Stocks

2024

2023

££
Other stocks5,00019,500
Total5,00019,500
7.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables792,565734,122
Amounts owed by group undertakings50,000-
Prepayments and accrued income33,02420,783
Total875,589754,905
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts
8.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,045,539880,340
Amounts owed to related parties25,1111,111
Taxation and social security272,459285,168
Finance lease and HP contracts5,82228,481
Other creditors76,85979,559
Accrued liabilities and deferred income193,531260,467
Total1,619,3211,535,126
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
9.Creditors: amounts due after one year

2024

2023

££
Other creditors34,506-
Total34,506-
10.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts34,506-
11.Provisions for liabilities
The company recognises the estimated liability to Labour Only - Sub Contractors for the services provided still under warranty at the balance sheet date. This provision is calculated based on past historical experience of the level of repairs work done. The Company gives 1 year warranty on services provided and undertake to repairs work if it fails to perform satisfactorily. A provision is recognised at the balance sheet date for expected warranty claims based on past experience of the level of repairs The provision has been included in cost of sales/administrative expenses of income statement/profit & loss account.
12.Directors advances, credits and guarantees
AT the year end Director balance includes £100 (2023 - £100 ) of Kalpesh Patel and £100 (2023 - £100 ) of Vimal Patel.
13.Related party transactions
At the year end amount owned to group undertaking NTG Asset Service Ltd is £25,111 (2023: £1,111) and amount owed by Jigsaw Ltd £ 50,000 (2023: £ nil)