NR Decorating Ltd - Filleted accounts

NR Decorating Ltd - Filleted accounts

N.R. DECORATING LIMITED - Company Information

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Registered number
05033588
NR Decorating Ltd
Filleted Accounts
28 February 2023
NR Decorating Ltd
Registered number: 05033588
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 23,090 23,090
Current assets
Debtors 4 226,449 229,209
Cash at bank and in hand 630,390 554,237
856,839 783,446
Creditors: amounts falling due within one year 5 (279,602) (272,638)
Net current assets 577,237 510,808
Net assets 600,327 533,898
Capital and reserves
Called up share capital 1 1
Profit and loss account 600,326 533,897
Shareholder's funds 600,327 533,898
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
N Randall
Director
Approved by the board on 20 November 2023
NR Decorating Ltd
Notes to the Accounts
for the year ended 28 February 2023
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 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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2022 8,999 78,617 87,616
At 28 February 2023 8,999 78,617 87,616
Depreciation
At 1 March 2022 8,998 55,528 64,526
At 28 February 2023 8,998 55,528 64,526
Net book value
At 28 February 2023 1 23,089 23,090
At 28 February 2022 1 23,089 23,090
4 Debtors 2023 2022
£ £
Trade debtors 94,595 97,355
CIS Tax 131,854 131,854
226,449 229,209
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 35,802 46,862
Trade creditors 4,181 5,317
Taxation and social security costs 232,338 202,040
Other creditors 7,281 18,419
279,602 272,638
6 Other information
NR Decorating Ltd is a private company limited by shares and incorporated in England. Its registered office is 129b High Street Stevenage Herts:
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