Company Registration No. 7896405 (England and Wales)
NPC Commercials Ltd
Unaudited accounts
for the year ended 31 December 2024
NPC Commercials Ltd
Unaudited accounts
Contents
NPC Commercials Ltd
Company Information
for the year ended 31 December 2024
Directors
N Pendleton
P Travis
C Roberts
Company Number
7896405 (England and Wales)
Registered Office
Unit 32, Miners Road
Llay Industrial Estate
Llay
Wrexham
LL12 0PJ
NPC Commercials Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
353,848
211,052
Cash at bank and in hand
44,027
100,447
Creditors: amounts falling due within one year
(318,322)
(278,432)
Net current assets
90,892
78,622
Total assets less current liabilities
444,740
289,674
Creditors: amounts falling due after more than one year
(187,239)
(105,124)
Provisions for liabilities
Deferred tax
(67,231)
(52,763)
Net assets
190,270
131,787
Called up share capital
300
300
Profit and loss account
189,970
131,487
Shareholders' funds
190,270
131,787
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2025 and were signed on its behalf by
P Travis
Director
Company Registration No. 7896405
NPC Commercials Ltd
Notes to the Accounts
for the year ended 31 December 2024
NPC Commercials Ltd is a private company, limited by shares, registered in England and Wales, registration number 7896405. The registered office is Unit 32, Miners Road, Llay Industrial Estate, Llay, Wrexham, LL12 0PJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance basis
Motor vehicles
25% reducing balance basis
Fixtures & fittings
15% reducing balance basis
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
NPC Commercials Ltd
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
81,450
439,443
17,625
538,518
Additions
22,143
230,541
-
252,684
Disposals
(770)
(84,594)
-
(85,364)
At 31 December 2024
102,823
585,390
17,625
705,838
At 1 January 2024
59,053
257,758
10,655
327,466
Charge for the year
6,689
82,477
1,041
90,207
On disposals
(154)
(65,529)
-
(65,683)
At 31 December 2024
65,588
274,706
11,696
351,990
At 31 December 2024
37,235
310,684
5,929
353,848
At 31 December 2023
22,397
181,685
6,970
211,052
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
276,731
148,656
Amounts falling due within one year
Trade debtors
184,735
160,970
Accrued income and prepayments
19,184
17,497
Other debtors
155,268
77,640
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
31,689
36,500
Obligations under finance leases and hire purchase contracts
74,809
51,985
Trade creditors
91,961
75,252
Taxes and social security
115,949
112,228
NPC Commercials Ltd
Notes to the Accounts
for the year ended 31 December 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
183,072
90,957
Aggregate of amounts that fall due for payment after five years
31,604
-
Included within creditors are secured creditors amounting to £279,570 (2023 - £169,442). Finance leases are secured on the assets concerned and the bank overdraft is secured by a personal guarantee given by the directors.
8
Deferred taxation
2024
2023
Accelerated capital allowances
67,231
52,763
Provision at start of year
52,763
47,883
Charged to the profit and loss account
14,468
4,880
Provision at end of year
67,231
52,763
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan
25,880
51,756
25,880
51,756
Director's Loan
25,880
51,756
25,880
51,756
Director's Loan
25,880
51,755
25,880
51,755
77,640
155,267
77,640
155,267
Included with in other debtors are the overdrawn loan accounts of the directors. All advances have been repaid since the year end. Interest is charged on the outstanding loans at the official rate.
10
Transactions with related parties
Rent of £6,000 p.a. is paid to PTR Property Services for use of the premises. The directors of NPC Commercials Limited are partners in PTR Property Services.
11
Average number of employees
During the year the average number of employees was 11 (2023: 11).