N & G CONTRACTORS LIMITED - Filleted accounts

Registered number

05375297

N & G CONTRACTORS LIMITED

Filleted Accounts

31 March 2025

N & G CONTRACTORS LIMITED
Registered number:		05375297
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		10,952			17,929

Current assets
Stocks		2,100			5,720
Debtors	4	43,201			6,052
Cash at bank and in hand		5,121			46,622
		50,422			58,394

Creditors: amounts falling due within one year	5	(22,855)			(19,703)

Net current assets			27,567			38,691

Net assets			38,519			56,620

Capital and reserves
Called up share capital			100			100
Profit and loss account			38,419			56,520

Shareholders' funds			38,519			56,620

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Seamus Grant
Director
Approved by the board on 31 December 2025

N & G CONTRACTORS LIMITED
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	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).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Motor Vehicles	over 4 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			3		2


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	29,817		17,500		47,317
	Additions	387		-		387
	At 31 March 2025	30,204		17,500		47,704

	Depreciation
	At 1 April 2024	13,346		16,042		29,388
	Charge for the year	5,906		1,458		7,364
	At 31 March 2025	19,252		17,500		36,752

	Net book value
	At 31 March 2025	10,952		-		10,952
	At 31 March 2024	16,471		1,458		17,929


4	Debtors			2025		2024
£					£

	Directors Current Account			42,776		-
	Other debtors			425		6,052
				43,201		6,052


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			2,180		1,970
	Directors Current Account			-		138
	Taxation and social security costs			20,675		16,795
	Other creditors			-		800
				22,855		19,703



6	Other information

	N & G CONTRACTORS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	The Studio,
	9 Munro Gardens
	Harrow Weald
	Middlesex
	HA3 6HH.