NDS Metering Limited - Accounts to registrar (filleted) - small 18.2

NDS Metering Limited - Accounts to registrar (filleted) - small 18.2

NDS METERING LTD - Company Information

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REGISTERED NUMBER: 05481688 (England and Wales)














ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2020

FOR

NDS METERING LIMITED
Michael Filiou Ltd
Chartered Certified Accountants
www.michaelfiliou.com
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS








NDS METERING LIMITED (REGISTERED NUMBER: 05481688)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


NDS METERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2020







DIRECTORS: Mrs C Nash
Mr I Nash





REGISTERED OFFICE: c/o Michael Filiou Ltd
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS





REGISTERED NUMBER: 05481688 (England and Wales)





ACCOUNTANTS: Michael Filiou Ltd
Chartered Certified Accountants
www.michaelfiliou.com
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS
Page 1
NDS METERING LIMITED (REGISTERED NUMBER: 05481688)

ABRIDGED STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,917 17,160

CURRENT ASSETS
Stocks and Work in Progress 29,827 20,666
Debtors 16,002 121,615
Cash at bank 204,244 182,800
250,073 325,081
CREDITORS
Amounts falling due within one year 81,215 142,458
NET CURRENT ASSETS 168,858 182,623
TOTAL ASSETS LESS CURRENT
LIABILITIES
184,775
199,783

CREDITORS
Amounts falling due after more than one
year
5
(50,000
)
-

PROVISIONS FOR LIABILITIES (3,024 ) (3,260 )
NET ASSETS 131,751 196,523

CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Retained earnings 130,751 195,523
SHAREHOLDERS' FUNDS 131,751 196,523

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 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 notes form part of these financial statements

Page 2 continued...
NDS METERING LIMITED (REGISTERED NUMBER: 05481688)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 2020


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30 September 2020 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2021 and were signed on its behalf by:





Mr I Nash - Director


The notes form part of these financial statements

Page 3
NDS METERING LIMITED (REGISTERED NUMBER: 05481688)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020


1. STATUTORY INFORMATION

NDS Metering 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 accounts have been prepared on a going concern basis.

The directors are aware however of material uncertainties that cast doubt on the company's ability to continue as a going concern. As with most businesses, these material uncertainties are in relation to the ongoing Covid-19 virus outbreak which has had an impact on the operations, customers, suppliers and staff. The directors have (where appropriate) utilised the grants and benefits available from the government and are taking all the steps they can to protect the future of the business.

Turnover
Turnover represents the value , net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Working-in-progress
Working-in-progress have been valued at the lower of cost and estimated selling price less costs to sell.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.


Page 4 continued...
NDS METERING LIMITED (REGISTERED NUMBER: 05481688)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2020


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2019 - 11 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2019 55,736
Additions 4,063
At 30 September 2020 59,799
DEPRECIATION
At 1 October 2019 38,576
Charge for year 5,306
At 30 September 2020 43,882
NET BOOK VALUE
At 30 September 2020 15,917
At 30 September 2019 17,160

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2020 2019
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 50,000 -

Page 5 continued...
NDS METERING LIMITED (REGISTERED NUMBER: 05481688)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2020


6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2020 2019
value: £    £   
1,000 Ordinary 1 1,000 1,000

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mr I Nash and Mrs C Nash.

The directors, Mr I Nash and Mrs C Nash, are considered to be the ultimate controlling party by virtue of the fact that, between them, they own 100% of the issued share capital.

Page 6