N.v.bags & Accessories Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04083355 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2026

for

N.v.bags & Accessories Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs N Black

A Black

REGISTERED OFFICE:

Unit 4, Dodington Spring Codrington

Chipping Sodbury

South Gloucestershire

Bristol

BS37 6RX

REGISTERED NUMBER:

04083355 (England and Wales)

ACCOUNTANTS:

Equifino Ltd

Ivy Court

61 High Street

Nailsea

Bristol

BS48 1AW

FIXED ASSETS

Tangible assets

4

5,424

2,716

CURRENT ASSETS

Stocks

199,431

226,916

Debtors

5

148,290

144,568

Cash at bank

84,576

69,346

432,297

440,830

CREDITORS

Amounts falling due within one year

6

83,777

82,969

NET CURRENT ASSETS

348,520

357,861

TOTAL ASSETS LESS CURRENT
LIABILITIES

353,944

360,577

CREDITORS

Amounts falling due after more than
one year

7

3,967

14,889

NET ASSETS

349,977

345,688

CAPITAL AND RESERVES

Called up share capital

102

Retained earnings

349,875

345,586

349,977

345,688

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 July 2026 and were signed on its behalf by:

Mrs N Black - Director

1.	STATUTORY INFORMATION

N.v.bags & Accessories Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Going concern

The financial statements have been prepared on a going concern basis. The directors have a reasonable expectation that despite the adverse economy, as a whole the company has adequate resources to continue in operational existence for the foreseeable future. On this basis, the directors have concluded that they can continue to adopt the going concern basis in preparing the financial statements.

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 provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities, including trade and other creditors and amounts due to group undertakings 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. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

COST

At 1 May 2025

120

28,905

22,806

51,831

Additions

-

2,875

649

3,524

At 30 April 2026

120

31,780

23,455

55,355

DEPRECIATION

At 1 May 2025

105

27,443

21,567

49,115

Charge for year

15

478

323

816

At 30 April 2026

120

27,921

21,890

49,931

NET BOOK VALUE

At 30 April 2026

-

3,859

1,565

5,424

At 30 April 2025

15

1,462

1,239

2,716

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

Trade debtors

97,096

105,685

Other debtors

300

-

Prepayments

50,894

38,883

148,290

144,568

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

Bank loans and overdrafts

8,775

Trade creditors

8,569

3,217

Tax

2,716

2,648

Social security and other taxes

1,035

VAT

60,489

55,101

Other creditors

-

5,000

Directors' current accounts

-

5,000

Accrued expenses

2,193

83,777

82,969

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

30.4.26

30.4.25

£

Bank loans - 1-2 years

3,967

14,889

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.4.26

30.4.25

£

Within one year

25,000

Between one and five years

25,000

50,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.26

30.4.25

£

Bank loans

12,742

23,664

The company's bankers, HSBC bank plc, hold fixed and floating charges over the company's assets

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2026 and 30 April 2025:

30.4.26

30.4.25

£

Mrs N Black

Balance outstanding at start of year

(5,000

)

-

Amounts advanced

-

(5,000

)

Amounts repaid

5,000

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

(5,000

)