1 January 2021 false No description of principal activity Taxfiler 2022.8.3 05123147business:PrivateLimitedCompanyLtd2021-01-012021-12-31 051231472020-12-31 051231472021-01-012021-12-31 05123147business:AuditExempt-NoAccountantsReport2021-01-012021-12-31 05123147business:FullAccounts2021-01-012021-12-31 051231472021-12-31 05123147business:Director12021-01-012021-12-31 051231472020-12-31 05123147core:WithinOneYear2021-12-31 05123147core:WithinOneYear2020-12-31 05123147core:AfterOneYear2021-12-31 05123147core:AfterOneYear2020-12-31 05123147core:ShareCapital2021-12-31 05123147core:ShareCapital2020-12-31 05123147core:RetainedEarningsAccumulatedLosses2021-12-31 05123147core:RetainedEarningsAccumulatedLosses2020-12-31 05123147business:SmallEntities2021-01-012021-12-31 05123147countries:EnglandWales2021-01-012021-12-31 05123147core:FurnitureFittings2021-01-012021-12-31 05123147core:ComputerEquipment2021-01-012021-12-31 05123147core:FurnitureFittings2020-12-31 05123147core:ComputerEquipment2020-12-31 05123147core:FurnitureFittings2021-12-31 05123147core:ComputerEquipment2021-12-31 051231472020-01-012020-12-31 iso4217:GBP xbrli:pure
Company Registration No. 05123147 (England and Wales)
NOVATEK EUROPE LIMITED Unaudited accounts for the year ended 31 December 2021
NOVATEK EUROPE LIMITED Unaudited accounts Contents
Page
- 2 -
NOVATEK EUROPE LIMITED Company Information for the year ended 31 December 2021
Director
Nicolas Moreno
Company Number
05123147 (England and Wales)
Accountants
Richmond Accounting Services Ltd Parkway House Sheen Lane London SW14 8LS
- 3 -
NOVATEK EUROPE LIMITED Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,038 
2,183 
Current assets
Debtors
385,682 
267,207 
Cash at bank and in hand
82,355 
204,413 
468,037 
471,620 
Creditors: amounts falling due within one year
(142,707)
(137,511)
Net current assets
325,330 
334,109 
Total assets less current liabilities
326,368 
336,292 
Creditors: amounts falling due after more than one year
(47,084)
(50,000)
Net assets
279,284 
286,292 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
279,282 
286,290 
Shareholders' funds
279,284 
286,292 
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 8 July 2022 and were signed on its behalf by
Nicolas Moreno Director Company Registration No. 05123147
- 4 -
NOVATEK EUROPE LIMITED Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
NOVATEK EUROPE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05123147.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Fixtures & fittings
20%
Computer equipment
25%
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2021
1,348 
4,582 
5,930 
At 31 December 2021
1,348 
4,582 
5,930 
Depreciation
At 1 January 2021
1,348 
2,399 
3,747 
Charge for the year
- 
1,145 
1,145 
At 31 December 2021
1,348 
3,544 
4,892 
Net book value
At 31 December 2021
- 
1,038 
1,038 
At 31 December 2020
- 
2,183 
2,183 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
331,418 
184,310 
Accrued income and prepayments
- 
1,963 
Other debtors
54,264 
80,934 
385,682 
267,207 
- 5 -
NOVATEK EUROPE LIMITED Notes to the Accounts for the year ended 31 December 2021
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade creditors
119,765 
56,753 
Taxes and social security
22,942 
33,252 
Accruals
- 
47,506 
142,707 
137,511 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
45,278 
50,000 
Other creditors
1,806 
- 
47,084 
50,000 
8
Average number of employees
During the year the average number of employees was 3 (2020: 3).
- 6 -