Registered number
13844890
NR Supply Limited
Filleted Accounts
11 January 2025
NR Supply Limited
Registered number: 13844890
Balance Sheet
as at 11 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 1,188 1,782
Current assets
Debtors 4 413,514 766,412
Cash at bank and in hand 19,381 97,236
432,895 863,648
Creditors: amounts falling due within one year 5 (390,850) (796,018)
Net current assets 42,045 67,630
Total assets less current liabilities 43,233 69,412
Creditors: amounts falling due after more than one year 6 - (14,332)
Net assets 42,936 55,080
Capital and reserves
Called up and fully paid share capital 1,000 1,000
Profit and loss account 41,936 54,080
Shareholders' funds 42,936 55,080
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.
….......
Director
Approved by the board and authorised for issue on 7 August 2025
NR Supply Limited
Notes to the Accounts
for the year ended 11 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 rendering of services. Turnover from the rendering of services is recognised when the service has been performed.
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 30% on reducing balance basis
Debtors
Short term debtors are measured at transaction 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. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
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 6 5
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 12 January 2024 3,395
At 11 January 2025 3,395
Depreciation
Charge for the year 594
At 11 January 2025 2,207
Net book value
At 11 January 2025 1,188
At 11 January 2024 1,782
4 Debtors 2025 2024
£ £
Trade debtors 288,649 609,343
Deferred tax asset - 8,661
Other debtors 124,865 148,408
413,514 766,412
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 257,840 525,749
Taxation and social security costs 103,811 146,602
Other creditors 29,199 123,667
390,850 796,018
6 Creditors: amounts falling due after one year 2025 2024
£ £
Other creditors - 14,332
7 Secured Loans 2025 2024
£ £
Other Creditors include:
Secured loans 14,333 37,333
The loan is secured by a debenture over the assets of the company.
8 Other financial commitments 2025 2024
£ £
Total future minimum payments under non-cancellable operating leases 20,444 34,074
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Niall Fearon 11,709 57,106 (11,709) 57,106
Ryan Mullan 11,033 61,382 (11,033) 61,382
22,742 118,488 (22,742) 118,488
Interest is charged at the statutory rate on the loans, which are unsecured and repayable on demand.
10 Other information
NR Supply Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
The Old School House
West Street
Southwick
Hampshire
PO17 6EA
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