Company Registration No. 01255101 (England and Wales)
Nalestar Limited
Unaudited accounts
for the year ended 30 April 2021
Nalestar Limited
Unaudited accounts
Contents
Nalestar Limited
Company Information
for the year ended 30 April 2021
Directors
Peter John Bibby
Indra Gupta
Company Number
01255101 (England and Wales)
Registered Office
Melton House
Melton Place
Leyland
Preston
PR25 4XU
United Kingdom
Accountants
Ambledene Accountancy
Cotton Court
Church Street
Preston
PR1 3BY
Nalestar Limited
Statement of financial position
as at
30 April 2021
Tangible assets
271,119
273,159
Inventories
225,636
126,932
Cash at bank and in hand
148,657
110,309
Creditors: amounts falling due within one year
(300,887)
(544,013)
Net current assets
321,570
267,680
Net assets
592,689
540,839
Called up share capital
50,000
50,000
Revaluation reserve
140,665
140,665
Profit and loss account
402,024
350,174
Shareholders' funds
592,689
540,839
For the year ending 30 April 2021 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 November 2021 and were signed on its behalf by
Peter John Bibby
Director
Company Registration No. 01255101
Nalestar Limited
Notes to the Accounts
for the year ended 30 April 2021
Nalestar Limited is a private company, limited by shares, registered in England and Wales, registration number 01255101. The registered office is Melton House, Melton Place, Leyland, Preston, PR25 4XU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The directors have not identified any material uncertainties related to events or conditions including those related to the COVID-19 pandemic that may cast significant doubt about the company's ability to continue as a going concern.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Government grants which relate to revenue are recognised in income in the period the related costs are incurred for which the grant is intended to compensate. For grants which are received for compensation for expenses or losses which have already been incurred, the grant is recognised in income when it is received or receivable.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. The Freehold property (land & buildings) has not been depreciated as the building is maintained to a high standard and the directors consider the residual value is at least equal to the book value.
Land & buildings
No depreciation provided
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Nalestar Limited
Notes to the Accounts
for the year ended 30 April 2021
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2020
265,000
212,336
58,910
536,246
At 30 April 2021
265,000
212,336
58,910
536,246
At 1 May 2020
-
205,349
57,738
263,087
Charge for the year
-
1,747
293
2,040
At 30 April 2021
-
207,096
58,031
265,127
At 30 April 2021
265,000
5,240
879
271,119
At 30 April 2020
265,000
6,987
1,172
273,159
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Debtors: amounts falling due within one year
2021
2020
Trade debtors
206,981
562,622
Accrued income and prepayments
11,775
11,830
6
Creditors: amounts falling due within one year
2021
2020
Trade creditors
93,823
257,575
Taxes and social security
17,735
189,339
7
Average number of employees
During the year the average number of employees was 33 (2020: 29).