REGISTERED NUMBER: 12621627 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

NFD Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Tangible assets

4

896

1,120

Current assets

Stocks

53,462

-

Debtors

5

995,348

404,076

Cash at bank

15,391

42,676

1,064,201

446,752

Creditors

Amounts falling due within one year

6

93,780

14,097

Net current assets

970,421

432,655

Total assets less current liabilities

971,317

433,775

Creditors

Amounts falling due after more than one year

7

995,341

389,424

Net (liabilities)/assets

(24,024

)

44,351

Capital and reserves

Called up share capital

1

1

Retained earnings

(24,025

)

44,350

(24,024

)

44,351

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 September 2025 and were signed by:

M P Fingleton - Director

1.	Statutory information

NFD Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

12621627

Registered office:

Pound House

62a Highgate High Street

London

N6 5HX

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4.	Tangible fixed assets

Computer

equipment

£

Cost

At 1 January 2024

and 31 December 2024

1,200

Depreciation

At 1 January 2024

80

Charge for year

224

At 31 December 2024

304

Net book value

At 31 December 2024

896

At 31 December 2023

1,120

5.

Debtors: amounts falling due within one year

2024

2023

£

£

Amounts owed by group undertakings

590,276

58,880

Amounts owed by associates

207,736

192,736

Other debtors

188,731

152,460

VAT

8,605

-

995,348

404,076

6.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts

4

-

Trade creditors

41,162

-

VAT

-

16

Other creditors

52,614

14,081

93,780

14,097

7.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Other loans - 2-5 years

995,341

389,424

8.	Ultimate controlling party

The ultimate controlling party is M P Fingleton.