REGISTERED NUMBER: 06765622 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

N C MARKETING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr N C Crow

Mr P N Crow

SECRETARY:

Mr P N Crow

REGISTERED OFFICE:

260 - 270

Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

BUSINESS ADDRESS:

5a Brittany Court

High Street South

DUNSTABLE

Bedfordshire

LU6 3HR

REGISTERED NUMBER:

06765622 (England and Wales)

ACCOUNTANTS:

Foxley Kingham

Chartered Accountants

260 - 270 Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

FIXED ASSETS

Intangible assets

4

30,719

33,250

Tangible assets

5

-

-

30,719

33,250

CURRENT ASSETS

Stocks

70,348

71,060

Debtors

6

39,260

38,118

Cash at bank

62,731

47,493

172,339

156,671

CREDITORS

Amounts falling due within one year

7

174,543

156,836

NET CURRENT LIABILITIES

(2,204

)

(165

)

TOTAL ASSETS LESS CURRENT LIABILITIES

28,515

33,085

CREDITORS

Amounts falling due after more than one year

8

28,108

31,490

NET ASSETS

407

1,595

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

307

1,495

SHAREHOLDERS' FUNDS

407

1,595

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 directors acknowledge their 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 Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mr N C Crow - Director

Mr P N Crow - Director

1.	STATUTORY INFORMATION

N C Marketing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The accounts have been prepared on a going concern basis which is considered to be appropriate, although the company's ability to continue trading is reliant on the continued support of the directors.

Turnover

Turnover represents net invoiced sales of products and franchising services, excluding value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of twenty years.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

All tangible fixed assets held for the companies own use are stated at cost less accumulated depreciation.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Computer

licences

software

Totals

£

£

£

COST

At 1 January 2024

94,000

5,975

99,975

Additions

-

3,571

3,571

At 31 December 2024

94,000

9,546

103,546

AMORTISATION

At 1 January 2024

65,800

925

66,725

Amortisation for year

4,700

1,402

6,102

At 31 December 2024

70,500

2,327

72,827

NET BOOK VALUE

At 31 December 2024

23,500

7,219

30,719

At 31 December 2023

28,200

5,050

33,250

5.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

3,000

15,222

18,222

DEPRECIATION

At 1 January 2024

and 31 December 2024

3,000

15,222

18,222

NET BOOK VALUE

At 31 December 2024

-

-

-

At 31 December 2023

-

-

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

15,030

17,361

Director's loan account

8,944

7,869

Prepayments

15,286

12,888

39,260

38,118

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

5,868

5,351

Trade creditors

100,166

100,802

Corporation tax

52,679

36,556

Taxation and social security

1,098

2,145

VAT

11,202

9,247

Other creditors

755

22

Accruals and deferred income

2,775

2,713

174,543

156,836

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 2-5 years

25,304

22,846

Bank loans more than 5 years

2,804

8,644

28,108

31,490

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

2,804

8,644

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mr N C Crow

Balance outstanding at start of year

4,000

4,079

Amounts advanced

4,575

4,000

Amounts repaid

(4,000

)

(4,079

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,575

4,000

Mr P N Crow

Balance outstanding at start of year

3,869

2,488

Amounts advanced

4,369

3,869

Amounts repaid

(3,869

)

(2,488

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,369

3,869

Loans with directors are interest free and repayable on demand.

10.	ULTIMATE CONTROLLING PARTY