Company Registration No. 07399214 (England and Wales)
Nepicar Groundcare Limited
Unaudited accounts
for the year ended 31 October 2024
Nepicar Groundcare Limited
Unaudited accounts
Contents
Nepicar Groundcare Limited
Company Information
for the year ended 31 October 2024
Company Number
07399214 (England and Wales)
Registered Office
The Crown Business Centre
10 High Street
Otford, Sevenoaks
Kent
TN14 5PQ
United Kingdom
Accountants
Rustrick Accountants Limited
380A New Hythe lane
Larkfield
Maidstone
Kent
ME20 6RZ
Nepicar Groundcare Limited
Statement of financial position
as at 31 October 2024
Tangible assets
86,002
124,464
Cash at bank and in hand
-
6,085
Creditors: amounts falling due within one year
(56,279)
(55,722)
Net current liabilities
(32,095)
(43,688)
Total assets less current liabilities
53,907
80,776
Creditors: amounts falling due after more than one year
(31,905)
(52,531)
Called up share capital
100
100
Profit and loss account
21,902
28,145
Shareholders' funds
22,002
28,245
For the year ending 31 October 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 25 February 2025 and were signed on its behalf by
J R Woolley
Director
Company Registration No. 07399214
Nepicar Groundcare Limited
Notes to the Accounts
for the year ended 31 October 2024
Nepicar Groundcare Limited is a private company, limited by shares, registered in England and Wales, registration number 07399214. The registered office is The Crown Business Centre, 10 High Street, Otford, Sevenoaks, Kent, TN14 5PQ, United Kingdom.
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:
Land & buildings
Value reviewed each year
Plant & machinery
25% Reducing Balance
Computer equipment
25% Reducing Balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Nepicar Groundcare Limited
Notes to the Accounts
for the year ended 31 October 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2023
16,670
143,139
586
160,395
Disposals
-
(25,351)
-
(25,351)
At 31 October 2024
16,670
117,788
586
135,044
At 1 November 2023
-
35,785
146
35,931
Charge for the year
-
23,001
110
23,111
On disposals
-
(10,000)
-
(10,000)
At 31 October 2024
-
48,786
256
49,042
At 31 October 2024
16,670
69,002
330
86,002
At 31 October 2023
16,670
107,354
440
124,464
Amounts falling due within one year
Trade debtors
23,626
5,724
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
8,794
10,000
Obligations under finance leases and hire purchase contracts
20,578
26,770
Taxes and social security
15,079
11,367
Loans from directors
10,878
276
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
15,238
35,864
Nepicar Groundcare Limited
Notes to the Accounts
for the year ended 31 October 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 2 (2023: 5).