Company Registration No. 01262476 (England and Wales)
N.T.G. Motor Services Limited
Unaudited accounts
for the year ended 30 November 2025
N.T.G. Motor Services Limited
Unaudited accounts
Contents
N.T.G. Motor Services Limited
Company Information
for the year ended 30 November 2025
Company Number
01262476 (England and Wales)
Registered Office
N T G Motor Services Ltd
282 Bramford Road
Ipswich
Suffolk
IP1 4AY
England
N.T.G. Motor Services Limited
Statement of financial position
as at 30 November 2025
Tangible assets
4,370
4,711
Inventories
130,299
125,000
Cash at bank and in hand
36,267
12,240
Creditors: amounts falling due within one year
(69,860)
(101,481)
Net current assets
125,500
54,845
Total assets less current liabilities
129,870
59,556
Creditors: amounts falling due after more than one year
(16,496)
-
Provisions for liabilities
Called up share capital
200
200
Profit and loss account
112,344
58,461
Shareholders' funds
112,544
58,661
For the year ending 30 November 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 20 May 2026 and were signed on its behalf by
Mr P Banyard
Director
Company Registration No. 01262476
N.T.G. Motor Services Limited
Notes to the Accounts
for the year ended 30 November 2025
N.T.G. Motor Services Limited is a private company, limited by shares, registered in England and Wales, registration number 01262476. The registered office is N T G Motor Services Ltd, 282 Bramford Road, Ipswich, Suffolk, IP1 4AY, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
25% Reducing balance
Computer equipment
25% Reducing balance
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.
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
N.T.G. Motor Services Limited
Notes to the Accounts
for the year ended 30 November 2025
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2024
140,906
1,038
141,944
At 30 November 2025
140,906
2,153
143,059
At 1 December 2024
136,973
260
137,233
Charge for the year
983
473
1,456
At 30 November 2025
137,956
733
138,689
At 30 November 2025
2,950
1,420
4,370
At 30 November 2024
3,933
778
4,711
Amounts falling due within one year
Trade debtors
13,885
9,574
Accrued income and prepayments
887
6,026
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
18,719
63,207
Taxes and social security
2,471
2,412
Other creditors
28,188
18,848
Loans from directors
13,310
9,842
N.T.G. Motor Services Limited
Notes to the Accounts
for the year ended 30 November 2025
7
Creditors: amounts falling due after more than one year
2025
2024
Taxes and social security
16,496
-
8
Average number of employees
During the year the average number of employees was 6 (2024: 8).