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Company Registration No. 08901770 (England and Wales)
N.E.D. Resources Ltd Unaudited accounts for the year ended 28 February 2025
N.E.D. Resources Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
N.E.D. Resources Ltd Company Information for the year ended 28 February 2025
Director
Kevin Lee
Company Number
08901770 (England and Wales)
Registered Office
113 Coxtie Green Road Brentwood Essex CM14 5PT England
Accountants
Carmar Accountancy and Bookkeeping Ltd 801 London Road Westcliff-on-Sea Essex SS0 9SY
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N.E.D. Resources Ltd Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
8,448
40,195
Investments
5
7,000
7,000
15,448
47,195
Current assets
Debtors
6
3,600
6,387
Cash at bank and in hand
1,889
1,998
5,489
8,385
Creditors: amounts falling due within one year
7
(20,235)
(21,856)
Net current liabilities
(14,746)
(13,471)
Total assets less current liabilities
702
33,724
Creditors: amounts falling due after more than one year
8
-
(30,444)
Net assets
702
3,280
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
(298)
2,280
Shareholders' funds
702
3,280
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 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 11 September 2025 and were signed on its behalf by
Kevin Lee Director Company Registration No. 08901770
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N.E.D. Resources Ltd Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
N.E.D. Resources Ltd is a private company, limited by shares, registered in England and Wales, registration number 08901770. The registered office is 113 Coxtie Green Road, Brentwood, Essex, CM14 5PT, 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.
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.
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
15% Reducing Balance Basis
Motor vehicles
25% Reducing Balance Basis
Fixtures & fittings
25% Reducing Balance Basis
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 March 2024
6,830
69,476
19,055
95,361
Disposals
-
(69,476)
-
(69,476)
At 28 February 2025
6,830
-
19,055
25,885
Depreciation
At 1 March 2024
3,984
40,166
11,016
55,166
Charge for the year
427
-
2,010
2,437
On disposals
-
(40,166)
-
(40,166)
At 28 February 2025
4,411
-
13,026
17,437
Net book value
At 28 February 2025
2,419
-
6,029
8,448
At 28 February 2024
2,846
29,310
8,039
40,195
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N.E.D. Resources Ltd Notes to the Accounts for the year ended 28 February 2025
5
Investments
Other investments
£
Valuation at 1 March 2024
7,000
Valuation at 28 February 2025
7,000
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
3,600
6,122
Other debtors
-
265
3,600
6,387
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
1,782
2,792
Obligations under finance leases and hire purchase contracts
-
11,222
Taxes and social security
9,008
5,892
Other creditors
5,819
1,810
Loans from directors
3,626
140
20,235
21,856
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
-
30,444
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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