NAS Laboratories Limited - Filleted accounts

NAS Laboratories Limited - Filleted accounts

NAS LABORATORIES LIMITED - Company Information

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Registered number
06132230
NAS Laboratories Limited
Filleted Accounts
31 December 2022
NAS Laboratories Limited
Registered number: 06132230
Balance Sheet
as at 31 December 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 3,852 5,658
Current assets
Debtors 4 52,186 143,702
Cash at bank and in hand 25,933 32,047
78,119 175,749
Creditors: amounts falling due within one year 5 (20,599) (76,124)
Net current assets 57,520 99,625
Total assets less current liabilities 61,372 105,283
Provisions for liabilities - (1,075)
Net assets 61,372 104,208
Capital and reserves
Called up share capital 45,000 45,000
Profit and loss account 16,372 59,208
Shareholders' funds 61,372 104,208
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Mulcahy
Director
Approved by the board on 31 October 2023
NAS Laboratories Limited
Notes to the Accounts
for the year ended 31 December 2022
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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 at the completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Creditors are measured at transaction price (which is usually the invoice price).
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 8 13
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2022 77,332
At 31 December 2022 77,332
Depreciation
At 1 January 2022 71,674
Charge for the year 1,806
At 31 December 2022 73,480
Net book value
At 31 December 2022 3,852
At 31 December 2021 5,658
4 Debtors 2022 2021
£ £
Trade debtors 8,020 88,391
Amounts owed by group undertakings and undertakings in which the company has a participating interest 39,753 54,417
Other debtors 4,413 894
52,186 143,702
5 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 3,713 5,418
Taxation and social security costs 6,881 35,207
Other creditors 10,005 35,499
20,599 76,124
6 Other information
NAS Laboratories Limited is a private company limited by shares and incorporated in England. Its registered office is:
Merryhill House
Budds Lane
Romsey
SO51 0HA
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