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Company Registration No. 10414672 (England and Wales)
Nas Commercial Repairs Limited Unaudited accounts for the year ended 31 October 2025
Nas Commercial Repairs Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Nas Commercial Repairs Limited Company Information for the year ended 31 October 2025
Directors
Robert Smith Rachel Jane Smith Neil Andrew Smith
Secretary
Rachel Jane Smith
Company Number
10414672 (England and Wales)
Registered Office
13 The Close Norwich NR1 4DS England
Accountants
JHW Azoth Ltd 13 The Close Norwich Norfolk NR1 4DS
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Nas Commercial Repairs Limited Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
5
50,718
35,643
Current assets
Debtors
6
52,536
61,050
Cash at bank and in hand
53,056
39,140
105,592
100,190
Creditors: amounts falling due within one year
7
(91,248)
(65,992)
Net current assets
14,344
34,198
Total assets less current liabilities
65,062
69,841
Provisions for liabilities
Deferred tax
(12,679)
(6,772)
Net assets
52,383
63,069
Capital and reserves
Called up share capital
20
20
Profit and loss account
52,363
63,049
Shareholders' funds
52,383
63,069
For the year ending 31 October 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 3 December 2025 and were signed on its behalf by
Neil Andrew Smith Director Company Registration No. 10414672
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Nas Commercial Repairs Limited Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
Nas Commercial Repairs Limited is a private company, limited by shares, registered in England and Wales, registration number 10414672. The registered office is 13 The Close, Norwich, NR1 4DS, 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.
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.
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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
25% Straight Line
Motor vehicles
25% Reducing Balance
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Nas Commercial Repairs Limited Notes to the Accounts for the year ended 31 October 2025
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 November 2024
25,000
At 31 October 2025
25,000
Amortisation
At 1 November 2024
25,000
At 31 October 2025
25,000
Net book value
At 31 October 2025
-
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 November 2024
35,888
69,294
105,182
Additions
7,375
25,134
32,509
At 31 October 2025
43,263
94,428
137,691
Depreciation
At 1 November 2024
27,511
42,028
69,539
Charge for the year
4,334
13,100
17,434
At 31 October 2025
31,845
55,128
86,973
Net book value
At 31 October 2025
11,418
39,300
50,718
At 31 October 2024
8,377
27,266
35,643
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
52,536
61,050
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Nas Commercial Repairs Limited Notes to the Accounts for the year ended 31 October 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
12,500
13,767
VAT
2,122
-
Obligations under finance leases and hire purchase contracts
17,122
9,856
Trade creditors
49,792
23,047
Taxes and social security
9,275
10,284
Other creditors
381
184
Loans from directors
56
8,854
91,248
65,992
8
Average number of employees
During the year the average number of employees was 3 (2024: 3).
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