NC15 LIMITED

2020-11-012021-10-312021-10-31false09803871NC15 LIMITED2022-07-2247190iso4217:GBPxbrli:pure098038712020-11-01098038712021-10-31098038712020-11-012021-10-31098038712019-11-01098038712020-10-31098038712019-11-012020-10-3109803871bus:SmallEntities2020-11-012021-10-3109803871bus:AuditExempt-NoAccountantsReport2020-11-012021-10-3109803871bus:FullAccounts2020-11-012021-10-3109803871bus:PrivateLimitedCompanyLtd2020-11-012021-10-3109803871core:WithinOneYear2021-10-3109803871core:AfterOneYear2021-10-3109803871core:WithinOneYear2020-10-3109803871core:AfterOneYear2020-10-3109803871core:ShareCapital2021-10-3109803871core:SharePremium2021-10-3109803871core:RevaluationReserve2021-10-3109803871core:OtherReservesSubtotal2021-10-3109803871core:RetainedEarningsAccumulatedLosses2021-10-3109803871core:ShareCapital2020-10-3109803871core:SharePremium2020-10-3109803871core:RevaluationReserve2020-10-3109803871core:OtherReservesSubtotal2020-10-3109803871core:RetainedEarningsAccumulatedLosses2020-10-3109803871core:LandBuildings2021-10-3109803871core:PlantMachinery2021-10-3109803871core:Vehicles2021-10-3109803871core:FurnitureFittings2021-10-3109803871core:OfficeEquipment2021-10-3109803871core:NetGoodwill2021-10-3109803871core:IntangibleAssetsOtherThanGoodwill2021-10-3109803871core:ListedExchangeTraded2021-10-3109803871core:UnlistedNon-exchangeTraded2021-10-3109803871core:LandBuildings2020-10-3109803871core:PlantMachinery2020-10-3109803871core:Vehicles2020-10-3109803871core:FurnitureFittings2020-10-3109803871core:OfficeEquipment2020-10-3109803871core:NetGoodwill2020-10-3109803871core:IntangibleAssetsOtherThanGoodwill2020-10-3109803871core:ListedExchangeTraded2020-10-3109803871core:UnlistedNon-exchangeTraded2020-10-3109803871core:LandBuildings2020-11-012021-10-3109803871core:PlantMachinery2020-11-012021-10-3109803871core:Vehicles2020-11-012021-10-3109803871core:FurnitureFittings2020-11-012021-10-3109803871core:OfficeEquipment2020-11-012021-10-3109803871core:NetGoodwill2020-11-012021-10-3109803871core:IntangibleAssetsOtherThanGoodwill2020-11-012021-10-3109803871core:ListedExchangeTraded2020-11-012021-10-3109803871core:UnlistedNon-exchangeTraded2020-11-012021-10-3109803871core:MoreThanFiveYears2020-11-012021-10-3109803871core:Non-currentFinancialInstruments2021-10-3109803871core:Non-currentFinancialInstruments2020-10-3109803871dpl:CostSales2020-11-012021-10-3109803871dpl:DistributionCosts2020-11-012021-10-3109803871dpl:AdministrativeExpenses2020-11-012021-10-3109803871core:LandBuildings2020-11-012021-10-3109803871core:PlantMachinery2020-11-012021-10-3109803871core:Vehicles2020-11-012021-10-3109803871core:FurnitureFittings2020-11-012021-10-3109803871core:OfficeEquipment2020-11-012021-10-3109803871core:NetGoodwill2020-11-012021-10-3109803871core:IntangibleAssetsOtherThanGoodwill2020-11-012021-10-3109803871dpl:GroupUndertakings2020-11-012021-10-3109803871dpl:ParticipatingInterests2020-11-012021-10-3109803871dpl:GroupUndertakingscore:ListedExchangeTraded2020-11-012021-10-3109803871core:ListedExchangeTraded2020-11-012021-10-3109803871dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-11-012021-10-3109803871core:UnlistedNon-exchangeTraded2020-11-012021-10-3109803871dpl:CostSales2019-11-012020-10-3109803871dpl:DistributionCosts2019-11-012020-10-3109803871dpl:AdministrativeExpenses2019-11-012020-10-3109803871core:LandBuildings2019-11-012020-10-3109803871core:PlantMachinery2019-11-012020-10-3109803871core:Vehicles2019-11-012020-10-3109803871core:FurnitureFittings2019-11-012020-10-3109803871core:OfficeEquipment2019-11-012020-10-3109803871core:NetGoodwill2019-11-012020-10-3109803871core:IntangibleAssetsOtherThanGoodwill2019-11-012020-10-3109803871dpl:GroupUndertakings2019-11-012020-10-3109803871dpl:ParticipatingInterests2019-11-012020-10-3109803871dpl:GroupUndertakingscore:ListedExchangeTraded2019-11-012020-10-3109803871core:ListedExchangeTraded2019-11-012020-10-3109803871dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2019-11-012020-10-3109803871core:UnlistedNon-exchangeTraded2019-11-012020-10-3109803871core:NetGoodwill2021-10-3109803871core:IntangibleAssetsOtherThanGoodwill2021-10-3109803871core:LandBuildings2021-10-3109803871core:PlantMachinery2021-10-3109803871core:Vehicles2021-10-3109803871core:FurnitureFittings2021-10-3109803871core:OfficeEquipment2021-10-3109803871core:AfterOneYear2021-10-3109803871core:WithinOneYear2021-10-3109803871core:ListedExchangeTraded2021-10-3109803871core:UnlistedNon-exchangeTraded2021-10-3109803871core:ShareCapital2021-10-3109803871core:SharePremium2021-10-3109803871core:RevaluationReserve2021-10-3109803871core:OtherReservesSubtotal2021-10-3109803871core:RetainedEarningsAccumulatedLosses2021-10-3109803871core:NetGoodwill2020-10-3109803871core:IntangibleAssetsOtherThanGoodwill2020-10-3109803871core:LandBuildings2020-10-3109803871core:PlantMachinery2020-10-3109803871core:Vehicles2020-10-3109803871core:FurnitureFittings2020-10-3109803871core:OfficeEquipment2020-10-3109803871core:AfterOneYear2020-10-3109803871core:WithinOneYear2020-10-3109803871core:Liste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NC15 LIMITED

Registered Number
09803871
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2021

NC15 LIMITED

Company Information
for the year from 1 November 2020 to 31 October 2021


Directors	WARD, Christopher Stephen


Registered Address	21 Smoke House Quay
	Milford Haven
	SA73 3BD


Registered Number	09803871 (England and Wales)

NC15 LIMITED

Balance Sheet as at
31 October 2021

	Notes	2021		2020
		£	£	£	£
Fixed assets
Intangible assets	5		16,000		20,000
Tangible assets	6		31,981		33,076
			47,981		53,076
Current assets
Stocks		5,861		4,334
Debtors	9	4,513		-
Cash at bank and on hand		52,974		34,382
		63,348		38,716
Creditors amounts falling due within one year	10	(47,735)		(16,965)
Net current assets (liabilities)			15,613		21,751
Total assets less current liabilities			63,594		74,827
Creditors amounts falling due after one year	11		(36,210)		(50,000)
Net assets			27,384		24,827
Capital and reserves
Called up share capital			100		100
Profit and loss account			27,284		24,727
Shareholders' funds			27,384		24,827

The company was entitled to exemption from audit for this reporting period 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 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 and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 22 July 2022, and are signed on its behalf by:

WARD, Christopher Stephen
Director
Registered Company No. 09803871

NC15 LIMITED

Notes to the Financial Statements
for the year ended 31 October 2021

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	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.

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	15
Fixtures and fittings	20	-
Office Equipment	25	-

	Intangible assets policy
	Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

	Stocks policy
	Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

	Taxation policy
	Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Taxation policy

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

4.	Employee information


		2021		2020
	Average number of employees during the year	14		14

5.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 November 20	40,000	40,000
At 31 October 21	40,000	40,000
Amortisation and impairment
At 01 November 20	20,000	20,000
Charge for year	4,000	4,000
At 31 October 21	24,000	24,000
Net book value
At 31 October 21	16,000	16,000
At 31 October 20	20,000	20,000

6.	Property, plant and equipment

	Land & buildings	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 November 20	2,080	-	88,760	1,316	92,156
Additions	-	5,521	-	791	6,312
At 31 October 21	2,080	5,521	88,760	2,107	98,468
Depreciation and impairment
At 01 November 20	416	-	58,060	604	59,080
Charge for year	139	948	6,140	180	7,407
At 31 October 21	555	948	64,200	784	66,487
Net book value
At 31 October 21	1,525	4,573	24,560	1,323	31,981
At 31 October 20	1,664	-	30,700	712	33,076

7.	Description of nature of transactions and balances with related parties
	Included in other creditors is the directors' current account balance of £717 (2020: £2,855), this relates to Mr C S Ward and Mrs F N Ward.

8.	Dividends proposed and payable

	2021	2020
	£	£
Dividends Paid	22,000	17,000
Total	22,000	17,000

9.	Debtors

	2021	2020
	£	£
Trade debtors / trade receivables	3,485	-
Prepayments and accrued income	1,028	-
Total	4,513	-

10.	Creditors within one year

	2021	2020
	£	£
Trade creditors / trade payables	10,783	4,064
Bank borrowings and overdrafts	10,648	-
Taxation and social security	19,631	9,893
Other creditors	6,673	3,008
Total	47,735	16,965

11.	Creditors after one year

	2021	2020
	£	£
Bank borrowings and overdrafts	36,210	50,000
Total	36,210	50,000