Registered number
04961567
Nuneaton Replacement Panels Limited
Unaudited Filleted Accounts
31 January 2025
Nuneaton Replacement Panels Limited
Registered number: 04961567
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 400,203 419,594
Current assets
Stocks 295,000 299,000
Debtors 4 282,034 274,563
Investments held as current assets 5 12,000 -
Cash at bank and in hand 115,334 263,271
704,368 836,834
Creditors: amounts falling due within one year 6 (209,842) (343,887)
Net current assets 494,526 492,947
Total assets less current liabilities 894,729 912,541
Creditors: amounts falling due after more than one year 7 (326,850) (28,840)
Provisions for liabilities (7,609) (8,832)
Net assets 560,270 874,869
Capital and reserves
Called up share capital 70 106
Capital redemption reserve 36 -
Profit and loss account 560,164 874,763
Shareholders' funds 560,270 874,869
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J House
Director
Approved by the board on 19 June 2025
Nuneaton Replacement Panels Limited
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
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.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 16 17
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 February 2024 344,325 34,885 144,041 523,251
Additions - 3,836 - 3,836
Disposals - - (30,043) (30,043)
At 31 January 2025 344,325 38,721 113,998 497,044
Depreciation
At 1 February 2024 - 31,445 72,212 103,657
Charge for the year - 1,819 16,806 18,625
On disposals - - (25,441) (25,441)
At 31 January 2025 - 33,264 63,577 96,841
Net book value
At 31 January 2025 344,325 5,457 50,421 400,203
At 31 January 2024 344,325 3,440 71,829 419,594
4 Debtors 2025 2024
£ £
Trade debtors 259,197 260,873
Other debtors 22,837 13,690
282,034 274,563
5 Investments held as current assets 2025 2024
£ £
Fair value
Unlisted investments 12,000 -
6 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 35,000 -
Obligations under finance lease and hire purchase contracts 8,240 8,240
Trade creditors 112,607 146,934
Taxation and social security costs 46,564 27,956
Other creditors 7,431 160,757
209,842 343,887
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 306,250 -
Obligations under finance lease and hire purchase contracts 20,600 28,840
326,850 28,840
8 Loans 2025 2024
£ £
Creditors include:
Instalments falling due for payment after more than five years 131,250 -
9 Other information
Nuneaton Replacement Panels Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 4 Alliance Close
Attleborough Fields Ind Estate
Nuneaton
Warwickshire
CV11 6SD
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