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Registration number: 15565017

NLG Asbestos Solutions Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Period from 15 March 2024 to 31 March 2025

 

NLG Asbestos Solutions Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

NLG Asbestos Solutions Ltd

Company Information

Director

Mr William Paul Fyles

Registered office

10 Ambergate Close
St Helens
Merseyside
WA9 3AQ

Accountants

GMR Accountants Ltd
1st Floor
8/12 London Street
Southport
Merseyside
PR9 0UE

 

NLG Asbestos Solutions Ltd

(Registration number: 15565017)
Balance Sheet as at 31 March 2025

Note

2025
£

Fixed assets

 

Tangible assets

4

11,124

Current assets

 

Debtors

5

1,016

Cash at bank and in hand

 

19,201

 

20,217

Creditors: Amounts falling due within one year

6

(15,186)

Net current assets

 

5,031

Total assets less current liabilities

 

16,155

Creditors: Amounts falling due after more than one year

6

(7,134)

Net assets

 

9,021

Capital and reserves

 

Called up share capital

1

Retained earnings

9,020

Shareholders' funds

 

9,021

For the financial period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 August 2025
 

.........................................
Mr William Paul Fyles
Director

 

NLG Asbestos Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 15 March 2024 to 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
10 Ambergate Close
St Helens
Merseyside
WA9 3AQ

These financial statements were authorised for issue by the director on 18 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

NLG Asbestos Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 15 March 2024 to 31 March 2025

Asset class

Depreciation method and rate

Office Equipment

25% Straight Line Method

Plant and Machinery

25% Straight Line Method

Motor Vehicles

25% Straight Line Method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

NLG Asbestos Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 15 March 2024 to 31 March 2025

4

Tangible assets

Office equipment
£

Motor vehicles
 £

Other tangible assets
 £

Total
£

Cost or valuation

Additions

1,530

11,994

758

14,282

At 31 March 2025

1,530

11,994

758

14,282

Depreciation

Charge for the period

78

2,999

81

3,158

At 31 March 2025

78

2,999

81

3,158

Carrying amount

At 31 March 2025

1,452

8,995

677

11,124

5

Debtors

Current

2025
£

Prepayments

1,016

 

1,016

6

Creditors

Creditors: amounts falling due within one year

Note

2025
£

Due within one year

 

Loans and borrowings

7

14,364

Accruals and deferred income

 

822

 

15,186

Creditors: amounts falling due after more than one year

Note

2025
£

Due after one year

 

Loans and borrowings

7

7,134

 

NLG Asbestos Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 15 March 2024 to 31 March 2025

7

Loans and borrowings

Non-current loans and borrowings

2025
£

Other borrowings

7,134

Current loans and borrowings

2025
£

Other borrowings

14,364