NB SUBS LTD


Director	BAINS NARANG, Navreet


Registered Address	36 Cotswold Drive
	Finham
	Coventry
	CV3 6EY


Registered Number	09399781 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		203,000		231,000
Tangible assets	4		50,521		55,593
			253,521		286,593
Current assets
Stocks	5	841		3,718
Debtors	6	43,558		27,919
Cash at bank and on hand		131,245		137,826
		175,644		169,463
Creditors amounts falling due within one year	7	(130,665)		(130,200)
Net current assets (liabilities)			44,979		39,263
Total assets less current liabilities			298,500		325,856
Net assets			298,500		325,856
Capital and reserves
Called up share capital			320,968		320,968
Profit and loss account			(22,468)		4,888
Shareholders' funds			298,500		325,856

The company was entitled to exemption from audit for this reporting period 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 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 22 December 2025, and are signed on its behalf by:

BAINS NARANG, Navreet
Director
Registered Company No. 09399781

NB SUBS LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

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

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Intangible assets
	Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its estimated useful life of ten years.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	50
Plant and machinery	15	-
Office Equipment	25	-

	Finance leases and hire purchase contracts
	Rental paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Financial instruments
	The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	14		13

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 April 24	280,000	280,000
At 31 March 25	280,000	280,000
Amortisation and impairment
At 01 April 24	49,000	49,000
Charge for year	28,000	28,000
At 31 March 25	77,000	77,000
Net book value
At 31 March 25	203,000	203,000
At 31 March 24	231,000	231,000

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 24	26,600	36,995	699	64,294
At 31 March 25	26,600	36,995	699	64,294
Depreciation and impairment
At 01 April 24	931	7,590	180	8,701
Charge for year	532	4,410	130	5,072
At 31 March 25	1,463	12,000	310	13,773
Net book value
At 31 March 25	25,137	24,995	389	50,521
At 31 March 24	25,669	29,405	519	55,593

5.	Stocks

	2025	2024
	£	£
Raw materials and consumables	841	3,718
Total	841	3,718

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	33,320	17,602
Prepayments and accrued income	10,238	10,317
Total	43,558	27,919

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	26,730	7,772
Taxation and social security	31,982	22,073
Other creditors	69,437	96,418
Accrued liabilities and deferred income	2,516	3,937
Total	130,665	130,200

8.	Related party transactions
	Included in other creditors at the year end is an amount of £55,672 (2024: £84,220) due to the directors.