NVB (North East) Limited Filleted accounts for Companies House (small and micro)

NVB (North East) Limited Filleted accounts for Companies House (small and micro)

NVB (NORTH EAST) LIMITED - Company Information

Print Friendly Version

8 false false false false false false false false false true false false false false false false No description of principal activity 2022-04-30 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 05288364 2022-04-30 2023-04-29 05288364 2023-04-29 05288364 2022-04-29 05288364 2021-04-30 2022-04-29 05288364 2022-04-29 05288364 core:PlantMachinery 2022-04-30 2023-04-29 05288364 bus:OrdinaryShareClass1 2022-04-30 2023-04-29 05288364 bus:Director2 2022-04-30 2023-04-29 05288364 core:WithinOneYear 2023-04-29 05288364 core:WithinOneYear 2022-04-29 05288364 core:PlantMachinery 2022-04-29 05288364 core:PlantMachinery 2023-04-29 05288364 core:AfterOneYear 2023-04-29 05288364 core:AfterOneYear 2022-04-29 05288364 core:ShareCapital 2023-04-29 05288364 core:ShareCapital 2022-04-29 05288364 core:RetainedEarningsAccumulatedLosses 2023-04-29 05288364 core:RetainedEarningsAccumulatedLosses 2022-04-29 05288364 core:PlantMachinery 2022-04-29 05288364 bus:SmallEntities 2022-04-30 2023-04-29 05288364 bus:AuditExemptWithAccountantsReport 2022-04-30 2023-04-29 05288364 bus:FullAccounts 2022-04-30 2023-04-29 05288364 bus:SmallCompaniesRegimeForAccounts 2022-04-30 2023-04-29 05288364 bus:PrivateLimitedCompanyLtd 2022-04-30 2023-04-29 05288364 bus:OrdinaryShareClass1 2023-04-29 05288364 bus:OrdinaryShareClass1 2022-04-29 05288364 core:WithinOneYear 1 2023-04-29 05288364 core:WithinOneYear 1 2022-04-29 05288364 core:OtherPropertyPlantEquipment 2022-04-30 2023-04-29 05288364 core:OtherPropertyPlantEquipment 2023-04-29 05288364 core:OtherPropertyPlantEquipment 2022-04-29
COMPANY REGISTRATION NUMBER: 05288364
NVB (NORTH EAST) LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
29 April 2023
NVB (NORTH EAST) LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 29th APRIL 2023
CONTENTS
PAGES
Statement of financial position
1 to 2
Notes to the financial statements
3 to 6
NVB (NORTH EAST) LIMITED
STATEMENT OF FINANCIAL POSITION
29 April 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
4,725
9,465
CURRENT ASSETS
Stocks
6
7,249
6,110
Debtors
7
940
120
Cash at bank and in hand
3,507
1,413
---------
-------
11,696
7,643
CREDITORS: amounts falling due within one year
8
163,098
135,554
----------
----------
NET CURRENT LIABILITIES
151,402
127,911
----------
----------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 146,677)
( 118,446)
CREDITORS: amounts falling due after more than one year
9
8,333
12,333
----------
----------
NET LIABILITIES
( 155,010)
( 130,779)
----------
----------
CAPITAL AND RESERVES
Called up share capital
10
1
1
Profit and loss account
( 155,011)
( 130,780)
----------
----------
SHAREHOLDERS DEFICIT
( 155,010)
( 130,779)
----------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 29th April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
NVB (NORTH EAST) LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
29 April 2023
These financial statements were approved by the board of directors and authorised for issue on 29 April 2024 , and are signed on behalf of the board by:
Mrs J. Bulch
Director
Company registration number: 05288364
NVB (NORTH EAST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 29th APRIL 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Post Office, 63 Saville Street, North Shields, Tyne & Wear, NE30 1AY.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
The financial statements have been prepared on the going concern basis. The directors consider that this basis is appropriate following due consideration of the present financial position, the expected prospects of the company during the twelve months from the date of approval of these financial statements and the continued support of the company's directors, bankers and other lending agents during this time.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Kitchen equipment
-
25% straight line
Other equipment
-
25% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 8 (2022: 8 ).
5. TANGIBLE ASSETS
Kitchen equipment
Other equipment
Total
£
£
£
Cost
At 30th April 2022 and 29th April 2023
18,115
5,121
23,236
---------
-------
---------
Depreciation
At 30th April 2022
11,597
2,174
13,771
Charge for the year
3,546
1,194
4,740
---------
-------
---------
At 29th April 2023
15,143
3,368
18,511
---------
-------
---------
Carrying amount
At 29th April 2023
2,972
1,753
4,725
---------
-------
---------
At 29th April 2022
6,518
2,947
9,465
---------
-------
---------
6. STOCKS
2023
2022
£
£
Goods for resale
7,249
6,110
-------
-------
7. DEBTORS
2023
2022
£
£
Prepayments
120
120
Other debtors
820
–
----
----
940
120
----
----
8. CREDITORS: amounts falling due within one year
2023
2022
£
£
Bank loan
4,000
4,000
Trade creditors
5,146
5,259
Accruals
1,505
3,138
Social security and other taxes
79,863
88,538
Director loan accounts
70,288
30,742
Commercial card
2,096
1,702
Other creditors
200
2,175
----------
----------
163,098
135,554
----------
----------
9. CREDITORS: amounts falling due after more than one year
2023
2022
£
£
Bank loan
8,333
12,333
-------
---------
10. CALLED UP SHARE CAPITAL
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
11. RELATED PARTY TRANSACTIONS
The directors continue to offer financial support to the company and a directors' loan account processes the transactions between N. V. and Mrs J. Bulch and NVB (North East) Limited. At the year end £70,288 (2022: £30,742) was owed to the directors and this is included within creditors: amounts falling due within one year. No further transactions with related parties were undertaken such as are required to be disclosed under the FRS 102 Section 1A small entities.