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REGISTERED NUMBER: 14850448 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

NB IMPROVEMENTS LTD

NB IMPROVEMENTS LTD (Registered number: 14850448)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Report of the Director 2

Statement of Income and Retained Earnings 3

Balance Sheet 4

Notes to the Financial Statements 5


NB IMPROVEMENTS LTD

Company Information
for the Year Ended 31 March 2025







DIRECTOR: N L M BULLOCK





SECRETARY: MERLIN BUSINESS SERVICES UK LTD





REGISTERED OFFICE: STAFFORDSHIRE KNOT
PINFOLD STREET
WEDNESBURY
WS10 8TE





REGISTERED NUMBER: 14850448 (England and Wales)





ACCOUNTANTS: MERLIN ACCOUNTANCY & PAYROLE SERVICES LTD
STAFFORDSHIRE KNOT
PINFOLD STREET
WEDNESBURY
WS10 8TE

NB IMPROVEMENTS LTD (Registered number: 14850448)

Report of the Director
for the Year Ended 31 March 2025

The director presents his report with the financial statements of the company for the year ended 31 March 2025.

DIRECTOR
N L M BULLOCK held office during the whole of the period from 1 April 2024 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





N L M BULLOCK - Director


1 June 2025

NB IMPROVEMENTS LTD (Registered number: 14850448)

Statement of Income and Retained Earnings
for the Year Ended 31 March 2025

Period
5/5/23
Year Ended to
31/3/25 31/3/24
Notes £    £   

TURNOVER 96,639 59,117

Cost of sales 66,412 24,239
GROSS PROFIT 30,227 34,878

Administrative expenses 28,771 24,794
OPERATING PROFIT 4 1,456 10,084

Interest receivable and similar income 1 12
1,457 10,096

Interest payable and similar expenses - 5,094
PROFIT BEFORE TAXATION 1,457 5,002

Tax on profit 752 -
PROFIT FOR THE FINANCIAL YEAR 705 5,002

Retained earnings at beginning of year 5,002 -

RETAINED EARNINGS AT END OF YEAR 5,707 5,002

NB IMPROVEMENTS LTD (Registered number: 14850448)

Balance Sheet
31 March 2025

31/3/25 31/3/24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,245 4,745

CURRENT ASSETS
Stocks 35,000 22,000
Cash at bank and in hand 5,027 8,843
40,027 30,843
CREDITORS
Amounts falling due within one year 6 13,492 993
NET CURRENT ASSETS 26,535 29,850
TOTAL ASSETS LESS CURRENT LIABILITIES 28,780 34,595

CREDITORS
Amounts falling due after more than one year 7 23,072 29,592
NET ASSETS 5,708 5,003

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 5,707 5,002
5,708 5,003

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

The financial statements were approved by the director and authorised for issue on 1 June 2025 and were signed by:





N L M BULLOCK - Director


NB IMPROVEMENTS LTD (Registered number: 14850448)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

NB IMPROVEMENTS LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

NB IMPROVEMENTS LTD (Registered number: 14850448)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. OPERATING PROFIT

The operating profit is stated after charging:

Period
5/5/23
Year Ended to
31/3/25 31/3/24
£    £   
Depreciation - owned assets 2,500 2,500

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024
and 31 March 2025 7,245
DEPRECIATION
At 1 April 2024 2,500
Charge for year 2,500
At 31 March 2025 5,000
NET BOOK VALUE
At 31 March 2025 2,245
At 31 March 2024 4,745

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/25 31/3/24
£    £   
Trade creditors 4 5
Tax 752 -
VAT 1,733 -
Directors' current accounts 9,668 28
Accrued expenses 1,335 960
13,492 993

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/25 31/3/24
£    £   
Other loans - 2-5 years 23,072 29,592