1 December 2023 false No description of principal activity Taxfiler 2024.6 10491068business:PrivateLimitedCompanyLtd2023-12-012024-11-30 104910682023-11-30 104910682023-12-012024-11-30 10491068business:AuditExempt-NoAccountantsReport2023-12-012024-11-30 10491068business:FilletedAccounts2023-12-012024-11-30 104910682024-11-30 10491068business:Director12023-12-012024-11-30 10491068business:CompanySecretary12023-12-012024-11-30 10491068business:RegisteredOffice2023-12-012024-11-30 104910682023-11-30 10491068core:WithinOneYear2024-11-30 10491068core:WithinOneYear2023-11-30 10491068core:AfterOneYear2024-11-30 10491068core:AfterOneYear2023-11-30 10491068core:ShareCapitalcore:PreviouslyStatedAmount2024-11-30 10491068core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 10491068core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-11-30 10491068core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 10491068core:PreviouslyStatedAmount2024-11-30 10491068core:PreviouslyStatedAmount2023-11-30 10491068business:SmallEntities2023-12-012024-11-30 10491068countries:EnglandWales2023-12-012024-11-30 10491068core:PlantMachinery2023-12-012024-11-30 10491068core:FurnitureFittings2023-12-012024-11-30 10491068core:ComputerEquipment2023-12-012024-11-30 10491068core:PlantMachinery2023-11-30 10491068core:FurnitureFittings2023-11-30 10491068core:ComputerEquipment2023-11-30 10491068core:PlantMachinery2024-11-30 10491068core:FurnitureFittings2024-11-30 10491068core:ComputerEquipment2024-11-30 104910682022-12-012023-11-30 iso4217:GBP xbrli:pure
Company Registration No. 10491068 (England and Wales)
Nimco Hydraulic Systems Ltd Unaudited accounts for the year ended 30 November 2024
Nimco Hydraulic Systems Ltd Unaudited accounts Contents
Page
- 2 -
Nimco Hydraulic Systems Ltd Company Information for the year ended 30 November 2024
Director
T Nord
Secretary
N Nord
Company Number
10491068 (England and Wales)
Registered Office
71-75 Shelton Street Covent Garden London WC2H 9JQ England
- 3 -
Nimco Hydraulic Systems Ltd Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
231,743 
309,848 
Current assets
Inventories
542,345 
443,583 
Debtors
79,989 
221,466 
Cash at bank and in hand
213 
5,576 
622,547 
670,625 
Creditors: amounts falling due within one year
(551,518)
(713,722)
Net current assets/(liabilities)
71,029 
(43,097)
Total assets less current liabilities
302,772 
266,751 
Creditors: amounts falling due after more than one year
(144,734)
(57,658)
Net assets
158,038 
209,093 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
157,938 
208,993 
Shareholders' funds
158,038 
209,093 
For the year ending 30 November 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 director acknowledges his 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 and authorised for issue on 29 August 2025 and were signed on its behalf by
T Nord Director Company Registration No. 10491068
- 4 -
Nimco Hydraulic Systems Ltd Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
Nimco Hydraulic Systems Ltd is a private company, limited by shares, registered in England and Wales, registration number 10491068. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
- 5 years
Fixtures & fittings
- 4 years
Computer equipment
- 4 years
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2023
388,510 
3,015 
821 
392,346 
Additions
- 
- 
645 
645 
At 30 November 2024
388,510 
3,015 
1,466 
392,991 
Depreciation
At 1 December 2023
81,412 
754 
332 
82,498 
Charge for the year
77,702 
754 
294 
78,750 
At 30 November 2024
159,114 
1,508 
626 
161,248 
Net book value
At 30 November 2024
229,396 
1,507 
840 
231,743 
At 30 November 2023
307,098 
2,261 
489 
309,848 
- 5 -
Nimco Hydraulic Systems Ltd Notes to the Accounts for the year ended 30 November 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
112,680 
163,632 
Other debtors
(32,691)
57,834 
79,989 
221,466 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
13,457 
4,540 
Obligations under finance leases and hire purchase contracts
21,576 
6,683 
Trade creditors
84,893 
340,936 
Taxes and social security
103,414 
62,153 
Other creditors
19,083 
22,765 
Loans from directors
307,575 
274,725 
Accruals
1,520 
1,920 
551,518 
713,722 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
43,142 
29,708 
Obligations under finance leases and hire purchase contracts
101,592 
27,950 
144,734 
57,658 
8
Average number of employees
During the year the average number of employees was 6 (2023: 6).
- 6 -