1 March 2024 false Taxfiler 2024.6 03322074 business:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 03322074 2024-02-29 03322074 2024-03-01 2025-02-28 03322074 business:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 03322074 business:FilletedAccounts 2024-03-01 2025-02-28 03322074 2025-02-28 03322074 business:Director1 2024-03-01 2025-02-28 03322074 business:Director2 2024-03-01 2025-02-28 03322074 business:RegisteredOffice 2024-03-01 2025-02-28 03322074 2024-02-29 03322074 core:WithinOneYear 2025-02-28 03322074 core:WithinOneYear 2024-02-29 03322074 core:AfterOneYear 2025-02-28 03322074 core:AfterOneYear 2024-02-29 03322074 core:ShareCapital core:PreviouslyStatedAmount 2025-02-28 03322074 core:ShareCapital core:PreviouslyStatedAmount 2024-02-29 03322074 core:RevaluationReserve core:PreviouslyStatedAmount 2025-02-28 03322074 core:RevaluationReserve core:PreviouslyStatedAmount 2024-02-29 03322074 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-02-28 03322074 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-02-29 03322074 core:PreviouslyStatedAmount 2025-02-28 03322074 core:PreviouslyStatedAmount 2024-02-29 03322074 business:SmallEntities 2024-03-01 2025-02-28 03322074 countries:EnglandWales 2024-03-01 2025-02-28 03322074 core:LandBuildings 2024-02-29 03322074 core:LandBuildings 2025-02-28 03322074 core:AfterOneYear 2024-03-01 2025-02-28 03322074 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure
Company Registration No. 03322074 (England and Wales)
Nazco Limited Unaudited accounts for the year ended 28 February 2025
Nazco Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Nazco Limited Company Information for the year ended 28 February 2025
Directors
Miss L I Turner Mr D I Turner
Company Number
03322074 (England and Wales)
Registered Office
Unit 5 Swaker Yard 2b Theobald Street Herts WD6 4SE United Kingdom
Accountants
Platts Unit 5 Swaker Yard 2b Theobald Street Herts WD6 4SE
- 3 -
Nazco Limited Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,355,000
1,355,000
Current assets
Cash at bank and in hand
5,198
29,228
Creditors: amounts falling due within one year
5
(80,367)
(94,155)
Net current liabilities
(75,169)
(64,927)
Total assets less current liabilities
1,279,831
1,290,073
Creditors: amounts falling due after more than one year
6
(807,722)
(812,229)
Provisions for liabilities
Deferred tax
(58,760)
(58,760)
Net assets
413,349
419,084
Capital and reserves
Called up share capital
1
1
Revaluation reserve
250,505
250,505
Profit and loss account
162,843
168,578
Shareholders' funds
413,349
419,084
For the year ending 28 February 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 14 October 2025 and were signed on its behalf by
Mr D I Turner Director Company Registration No. 03322074
- 4 -
Nazco Limited Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Nazco Limited is a private company, limited by shares, registered in England and Wales, registration number 03322074. The registered office is Unit 5 Swaker Yard, 2b Theobald Street, Herts, WD6 4SE, 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.
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.
Turnover
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.
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:
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
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.
- 5 -
Nazco Limited Notes to the Accounts for the year ended 28 February 2025
4
Tangible fixed assets
Land & buildings
£
Cost or valuation
At cost
At 1 March 2024
1,355,000
At 28 February 2025
1,355,000
Depreciation
At 28 February 2025
-
Net book value
At 28 February 2025
1,355,000
At 29 February 2024
1,355,000
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
4,259
4,259
Other creditors
20,728
5,728
Loans from directors
49,980
81,768
Accruals
5,400
2,400
80,367
94,155
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
807,722
812,229
The bank loans are repayable after more than one year and are secured by a first legal charge.
7
Average number of employees
During the year the average number of employees was 2 (2024: 2).
- 6 -