NCE SWITCHGEAR SERVICES LTD

NCE SWITCHGEAR SERVICES LTD

NCE SWITCHGEAR SERVICES LTD - Company Information

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NCE SWITCHGEAR SERVICES LTD

Company Registration Number:
SC497678 (Scotland)

Unaudited abridged accounts for the year ended 28 October 2022

Period of accounts

Start date: 29 October 2021

End date: 28 October 2022

NCE SWITCHGEAR SERVICES LTD

Contents of the Financial Statements

for the Period Ended 28 October 2022

Balance sheet
Notes

NCE SWITCHGEAR SERVICES LTD

Balance sheet

As at 28 October 2022


Notes
2022
2021


£
£
Current assets
Debtors:   300,871 2,673,369
Cash at bank and in hand: 6,606 19,305
Total current assets: 307,477 2,692,674
Creditors: amounts falling due within one year:   (498,820) (2,714,198)
Net current assets (liabilities): (191,343) (21,524)
Total assets less current liabilities: (191,343) (21,524)
Total net assets (liabilities): (191,343) (21,524)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (191,443) (21,624)
Shareholders funds: (191,343) (21,524)

The notes form part of these financial statements

NCE SWITCHGEAR SERVICES LTD

Balance sheet statements

For the year ending 28 October 2022 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 & loss account.

This report was approved by the board of directors on 27 November 2023
and signed on behalf of the board by:

Name: John Kirkwood
Status: Director

The notes form part of these financial statements

NCE SWITCHGEAR SERVICES LTD

Notes to the Financial Statements

for the Period Ended 28 October 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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

Other accounting policies

Pension costs and other post-retirement benefitsThe company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss in the period to which they relateBasis of PreparationThe directors recognise the continuing financial uncertainty which still exists following the Covid-19 pandemic and also the current economic climate and political uncertainties. The directors have, as far as possible, addressed these issues and the company continues to trade with the support of the bank and the company creditors. On this basis the accounts are prepared on a going concern basis.

NCE SWITCHGEAR SERVICES LTD

Notes to the Financial Statements

for the Period Ended 28 October 2022

2. Employees

2022 2021
Average number of employees during the period 68 71