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
Nimco Hydraulic Systems Ltd
Company Information
for the year ended 30 November 2024
Company Number
10491068 (England and Wales)
Registered Office
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
England
Nimco Hydraulic Systems Ltd
Statement of financial position
as at 30 November 2024
Tangible assets
231,743
309,848
Inventories
542,345
443,583
Cash at bank and in hand
213
5,576
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
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
Nimco Hydraulic Systems Ltd
Notes to the Accounts
for the year ended 30 November 2024
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.
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
- 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
At 30 November 2024
388,510
3,015
1,466
392,991
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
At 30 November 2024
229,396
1,507
840
231,743
At 30 November 2023
307,098
2,261
489
309,848
Nimco Hydraulic Systems Ltd
Notes to the Accounts
for the year ended 30 November 2024
Amounts falling due within one year
Trade debtors
112,680
163,632
Other debtors
(32,691)
57,834
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
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
101,592
27,950
8
Average number of employees
During the year the average number of employees was 6 (2023: 6).