N & S Commercial Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08938575 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2021

for

N & S Commercial Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTOR:

J Stauber

SECRETARY:

REGISTERED OFFICE:

Unit A

Moy Road

Taffs Well

Cardiff

CF15 7QB

REGISTERED NUMBER:

08938575 (England and Wales)

ACCOUNTANTS:

No Nonsense Accountancy Limited

15 Cwrt Syr Dafydd

Llantwit Major

Vale of Glamorgan

CF61 2SR

FIXED ASSETS

Intangible assets

4

3,000

5,278

Tangible assets

5

26,823

32,069

29,823

37,347

CURRENT ASSETS

Debtors

6

273,091

155,373

Cash at bank

4,804

21,757

277,895

177,130

CREDITORS

Amounts falling due within one year

7

238,207

157,981

NET CURRENT ASSETS

39,688

19,149

TOTAL ASSETS LESS CURRENT LIABILITIES

69,511

56,496

CREDITORS

Amounts falling due after more than one year

8

49,302

15,109

NET ASSETS

20,209

41,387

CAPITAL AND RESERVES

Called up share capital

122

122

Retained earnings

20,087

41,265

20,209

41,387

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31st December 2021 and were signed by:

J Stauber - Director

1.	STATUTORY INFORMATION

N & S Commercial Services 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

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 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.

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 12 (2020 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1st April 2020

10,000

1,598

11,598

Disposals

-

(1,598

)

(1,598

)

At 31st March 2021

10,000

-

10,000

AMORTISATION

At 1st April 2020

6,000

320

6,320

Charge for year

1,000

-

1,000

Eliminated on disposal

-

(320

)

(320

)

At 31st March 2021

7,000

-

7,000

NET BOOK VALUE

At 31st March 2021

3,000

-

3,000

At 31st March 2020

4,000

1,278

5,278

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2020

140,920

Additions

15,931

At 31st March 2021

156,851

DEPRECIATION

At 1st April 2020

108,851

Charge for year

21,177

At 31st March 2021

130,028

NET BOOK VALUE

At 31st March 2021

26,823

At 31st March 2020

32,069

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/21

31/3/20

£

£

Trade debtors

196,878

148,556

Other debtors

76,213

6,817

273,091

155,373

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/21

31/3/20

£

£

Bank loans and overdrafts

13,293

4,960

Hire purchase contracts

2,472

2,472

Trade creditors

86,420

38,249

Taxation and social security

126,025

111,337

Other creditors

9,997

963

238,207

157,981

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/21

31/3/20

£

£

Bank loans

47,867

11,160

Hire purchase contracts

1,435

3,949

49,302

15,109

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st March 2021 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

No Nonsense Accountancy Limited

15 Cwrt Syr Dafydd

Llantwit Major

Vale of Glamorgan

CF61 2SR

31st December 2021