REGISTERED NUMBER: 09357826 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

NLB Construction Ltd

Page

Company information

1

Chartered accountants' report

2

Statement of financial position

3

to

4

Notes to the financial statements

5

to

8

Directors:

N L Bourne

S D'Alessio-Bourne

Registered office:

Unit 7

Swan Court Forder Way

Hampton, Peterborough

Cambs

PE7 8GX

Business address:

36 Paston Ridings

Paston

Peterborough

Cambs

PE4 7YG

Registered number:

09357826 (England and Wales)

Accountants:

Moore Thompson

7 Swan Court

Forder Way, Cygnet Park

Hampton

Peterborough

Cambridgeshire

PE7 8GX

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of NLB Construction Ltd for the year ended 31 December 2024 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of NLB Construction Ltd, as a body, in accordance with the terms of our engagement letter dated 16 September 2019. Our work has been undertaken solely to prepare for your approval the financial statements of NLB Construction Ltd and state those matters that we have agreed to state to the Board of Directors of NLB Construction Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NLB Construction Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that NLB Construction Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of NLB Construction Ltd. You consider that NLB Construction Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of NLB Construction Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Moore Thompson

7 Swan Court

Forder Way, Cygnet Park

Hampton

Peterborough

Cambridgeshire

PE7 8GX

5 November 2025

Fixed assets

Tangible assets

5

35,654

2,847

Investments

6

50

50

35,704

2,897

Current assets

Stock and work in progress

5,000

47,188

Debtors

7

177,117

60,461

Cash at bank

547

17,749

182,664

125,398

Creditors

Amounts falling due within one year

8

129,327

133,658

Net current assets/(liabilities)

53,337

(8,260

)

Total assets less current liabilities

89,041

(5,363

)

Creditors

Amounts falling due after more than one year

9

(82,228

)

(7,083

)

Provisions for liabilities

(6,513

)

(310

)

Net assets/(liabilities)

300

(12,756

)

Capital and reserves

Called up share capital

10

100

100

Retained earnings

200

(12,856

)

Shareholders' funds

300

(12,756

)

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 5 November 2025 and were signed on its behalf by:

N L Bourne - Director

S D'Alessio-Bourne - Director

1.	Statutory information

NLB Construction Ltd 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.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

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 calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of the asset as follows:

Plant and machinery

25% reducing balance

Motor vehicles

25% reducing balance

Office equipment

33% reducing balance

Stocks

Stock and work in progress 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4.	Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

5.	Tangible fixed assets

Plant and

Motor

Office

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 January 2024

7,387

17,825

1,245

26,457

Additions

-

44,950

(1

)

44,949

Disposals

-

(3,008

)

-

(3,008

)

At 31 December 2024

7,387

59,767

1,244

68,398

Depreciation

At 1 January 2024

6,494

16,109

1,007

23,610

Charge for year

223

11,608

79

11,910

Eliminated on disposal

-

(2,776

)

-

(2,776

)

At 31 December 2024

6,717

24,941

1,086

32,744

Net book value

At 31 December 2024

670

34,826

158

35,654

At 31 December 2023

893

1,716

238

2,847

6.	Fixed asset investments

Shares

owned in

joint

ventures

£

Cost

At 1 January 2024

and 31 December 2024

50

Net book value

At 31 December 2024

50

At 31 December 2023

50

7.

Debtors: amounts falling due within one year

2024

2023

£

£

Corporation tax

2,779

-

Other debtors

18,932

2,207

Directors' loan accounts

56,096

-

VAT

9,727

15,754

Prepayments and accrued income

89,583

42,500

177,117

60,461

8.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts

4,167

5,000

Hire purchase contracts

4,737

-

Trade creditors

30,574

62,169

Corporation tax

-

5,193

Social security and other taxes

5,994

8,170

Other creditors

80,485

44,830

Directors' loan accounts

-

5,426

Accruals and deferred income

3,370

2,870

129,327

133,658

Bank loans include a Bounce Back loan payable over five years. Interest is chargeable twelve months after the loan being drawn. This loan is 100% government backed.

All other bank loans and overdrafts are secured on the assets of the company.

9.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Bank loans and overdrafts

3,750

7,083

Hire purchase contracts

27,844

-

Other creditors

50,634

-

82,228

7,083

Bank loans include a Bounce Back loan payable over five years. Interest is chargeable twelve months after the loan being drawn. This loan is 100% government backed.

All other bank loans and overdrafts are secured on the assets of the company.

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

1

100

100

11.	Directors' advances, credits and guarantees

2024

2023

£

£

Directors

Balance outstanding at start of year

(5,426

)

(1,366

)

Amounts advanced

104,536

93,427

Amounts repaid

(43,014

)

(97,487

)

Balance outstanding at end of year

56,096

(5,426

)

The outstanding loan is subject to interest at HMRC official rate.