NV RESTORATION LIMITED

NV RESTORATION LIMITED - Company Information

2021-01-012021-12-312021-12-31false10525049NV RESTORATION LIMITED2022-09-2541100iso4217:GBPxbrli:pure105250492021-01-01105250492021-12-31105250492021-01-012021-12-31105250492020-01-01105250492020-12-31105250492020-01-012020-12-3110525049bus:SmallEntities2021-01-012021-12-3110525049bus:AuditExempt-NoAccountantsReport2021-01-012021-12-3110525049bus:FullAccounts2021-01-012021-12-3110525049bus:PrivateLimitedCompanyLtd2021-01-012021-12-3110525049core:WithinOneYear2021-12-3110525049core:AfterOneYear2021-12-3110525049core:WithinOneYear2020-12-3110525049core:AfterOneYear2020-12-3110525049core:ShareCapital2021-12-3110525049core:SharePremium2021-12-3110525049core:RevaluationReserve2021-12-3110525049core:OtherReservesSubtotal2021-12-3110525049core:RetainedEarningsAccumulatedLosses2021-12-3110525049core:ShareCapital2020-12-3110525049core:SharePremium2020-12-3110525049core:RevaluationReserve2020-12-3110525049core:OtherReservesSubtotal2020-12-3110525049core:RetainedEarningsAccumulatedLosses2020-12-3110525049core:LandBuildings2021-12-3110525049core:PlantMachinery2021-12-3110525049core:Vehicles2021-12-3110525049core:FurnitureFittings2021-12-3110525049core:OfficeEquipment2021-12-3110525049core:NetGoodwill2021-12-3110525049core:IntangibleAssetsOtherThanGoodwill2021-12-3110525049core:ListedExchangeTraded2021-12-3110525049core:UnlistedNon-exchangeTraded2021-12-3110525049core:LandBuildings2020-12-3110525049core:PlantMachinery2020-12-3110525049core:Vehicles2020-12-3110525049core:FurnitureFittings2020-12-3110525049core:OfficeEquipment2020-12-3110525049core:NetGoodwill2020-12-3110525049core:IntangibleAssetsOtherThanGoodwill2020-12-3110525049core:ListedExchangeTraded2020-12-3110525049core:UnlistedNon-exchangeTraded2020-12-3110525049core:LandBuildings2021-01-012021-12-3110525049core:PlantMachinery2021-01-012021-12-3110525049core:Vehicles2021-01-012021-12-3110525049core:FurnitureFittings2021-01-012021-12-3110525049core:OfficeEquipment2021-01-012021-12-3110525049core:NetGoodwill2021-01-012021-12-3110525049core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3110525049core:ListedExchangeTraded2021-01-012021-12-3110525049core:UnlistedNon-exchangeTraded2021-01-012021-12-3110525049core:MoreThanFiveYears2021-01-012021-12-3110525049core:Non-currentFinancialInstruments2021-12-3110525049core:Non-currentFinancialInstruments2020-12-3110525049dpl:CostSales2021-01-012021-12-3110525049dpl:DistributionCosts2021-01-012021-12-3110525049dpl:AdministrativeExpenses2021-01-012021-12-3110525049core:LandBuildings2021-01-012021-12-3110525049core:PlantMachinery2021-01-012021-12-3110525049core:Vehicles2021-01-012021-12-3110525049core:FurnitureFittings2021-01-012021-12-3110525049core:OfficeEquipment2021-01-012021-12-3110525049core:NetGoodwill2021-01-012021-12-3110525049core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3110525049dpl:GroupUndertakings2021-01-012021-12-3110525049dpl:ParticipatingInterests2021-01-012021-12-3110525049dpl:GroupUndertakingscore:ListedExchangeTraded2021-01-012021-12-3110525049core:ListedExchangeTraded2021-01-012021-12-3110525049dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-01-012021-12-3110525049core:UnlistedNon-exchangeTraded2021-01-012021-12-3110525049dpl:CostSales2020-01-012020-12-3110525049dpl:DistributionCosts2020-01-012020-12-3110525049dpl:AdministrativeExpenses2020-01-012020-12-3110525049core:LandBuildings2020-01-012020-12-3110525049core:PlantMachinery2020-01-012020-12-3110525049core:Vehicles2020-01-012020-12-3110525049core:FurnitureFittings2020-01-012020-12-3110525049core:OfficeEquipment2020-01-012020-12-3110525049core:NetGoodwill2020-01-012020-12-3110525049core:IntangibleAssetsOtherThanGoodwill2020-01-012020-12-3110525049dpl:GroupUndertakings2020-01-012020-12-3110525049dpl:ParticipatingInterests2020-01-012020-12-3110525049dpl:GroupUndertakingscore:ListedExchangeTraded2020-01-012020-12-3110525049core:ListedExchangeTraded2020-01-012020-12-3110525049dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-01-012020-12-3110525049core:UnlistedNon-exchangeTraded2020-01-012020-12-3110525049core:NetGoodwill2021-12-3110525049core:IntangibleAssetsOtherThanGoodwill2021-12-3110525049core:LandBuildings2021-12-3110525049core:PlantMachinery2021-12-3110525049core:Vehicles2021-12-3110525049core:FurnitureFittings2021-12-3110525049core:OfficeEquipment2021-12-3110525049core:AfterOneYear2021-12-3110525049core:WithinOneYear2021-12-3110525049core:ListedExchangeTraded2021-12-3110525049core:UnlistedNon-exchangeTraded2021-12-3110525049core:ShareCapital2021-12-3110525049core:SharePremium2021-12-3110525049core:RevaluationReserve2021-12-3110525049core:OtherReservesSubtotal2021-12-3110525049core:RetainedEarningsAccumulatedLosses2021-12-3110525049core:NetGoodwill2020-12-3110525049core:IntangibleAssetsOtherThanGoodwill2020-12-3110525049core:LandBuildings2020-12-3110525049core:PlantMachinery2020-12-3110525049core:Vehicles2020-12-3110525049core:FurnitureFittings2020-12-3110525049core:OfficeEquipment2020-12-3110525049core:AfterOneYear2020-12-3110525049core:WithinOneYear2020-12-3110525049core:Liste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Registered Number
10525049
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2021

NV RESTORATION LIMITED

Company Information
for the year from 1 January 2021 to 31 December 2021


Directors	VINCENT, Desmond Dennis


Registered Address	2nd Floor Grove House
	55 Lowlands Road
	Harrow
	HA1 3AW


Registered Number	10525049 (England and Wales)

NV RESTORATION LIMITED

Balance Sheet as at
31 December 2021

	Notes	2021		2020
		£	£	£	£
Fixed assets
Tangible assets	6		884		1,178
			884		1,178
Current assets
Debtors	9	274		300
Cash at bank and on hand		51		125
		325		425
Creditors amounts falling due within one year	10	(1,120)		(706)
Net current assets (liabilities)			(795)		(281)
Total assets less current liabilities			89		897
Net assets			89		897
Capital and reserves
Called up share capital			100		100
Profit and loss account			(11)		797
Shareholders' funds			89		897

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.

The financial statements were approved and authorised for issue by the Director on 25 September 2022, and are signed on its behalf by:

VINCENT, Desmond Dennis
Director
Registered Company No. 10525049

NV RESTORATION LIMITED

Notes to the Financial Statements
for the year ended 31 December 2021

1.	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.

2.	Compliance with applicable reporting framework
	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.

3.	Basis of measurement used in financial statements
	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).

4.	Accounting policies

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


		Reducing balance (%)
	Plant and machinery	25

	Revenue recognition policy
	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.

Revenue recognition policy

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.

	Taxation policy
	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.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

5.	Employee information


		2021		2020
	Average number of employees during the year	-		-

6.	Property, plant and equipment

	Plant & machinery	Total
	£	£
Cost or valuation
At 01 January 21	2,793	2,793
At 31 December 21	2,793	2,793
Depreciation and impairment
At 01 January 21	1,615	1,615
Charge for year	294	294
At 31 December 21	1,909	1,909
Net book value
At 31 December 21	884	884
At 31 December 20	1,178	1,178

7.	Description of nature of transactions and balances with related parties
	Included in other creditors is an amount of £200 (2020: £300 Dr) which relates to Asset Estate Services (UK) Limited, where director D Vincent is also director of the company.

8.	Directors benefits
	At the balance sheet date, Directors' Current Account has a debit balance of £274 (2020: £26 Cr) which is related to director D Vincent.

9.	Debtors

	2021	2020
	£	£
Other debtors	274	300
Total	274	300


	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.

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.

10.	Creditors within one year

	2021	2020
	£	£
Trade creditors / trade payables	-	180
Other creditors	200	26
Accrued liabilities and deferred income	920	500
Total	1,120	706


	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.