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REGISTERED NUMBER: 09459282 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2022

for

NLPG Ltd

NLPG Ltd (Registered number: 09459282)






Contents of the Financial Statements
for the Year Ended 28 February 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NLPG Ltd

Company Information
for the Year Ended 28 February 2022







DIRECTOR: Mr Nerijus Rusteika





REGISTERED OFFICE: 293 Green Lanes
Palmers Green
London
N13 4XS





REGISTERED NUMBER: 09459282 (England and Wales)





ACCOUNTANTS: ADPL LLP
293 Green Lanes
London
N13 4XS

NLPG Ltd (Registered number: 09459282)

Balance Sheet
28 February 2022

28.2.22 28.2.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,200 3,301

CURRENT ASSETS
Debtors 5 37,486 44,536
Cash at bank 237,099 231,843
274,585 276,379
CREDITORS
Amounts falling due within one year 6 4,828 11,865
NET CURRENT ASSETS 269,757 264,514
TOTAL ASSETS LESS CURRENT
LIABILITIES

289,957

267,815

PROVISIONS FOR LIABILITIES 7 3,838 627
NET ASSETS 286,119 267,188

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 286,019 267,088
SHAREHOLDERS' FUNDS 286,119 267,188

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 5 September 2022 and were signed by:



Mr Nerijus Rusteika - Director


NLPG Ltd (Registered number: 09459282)

Notes to the Financial Statements
for the Year Ended 28 February 2022

1. STATUTORY INFORMATION

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

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

In carrying out this assessment, the directors have considered the impact of the Covid-19 pandemic on the trade and finances of the company and wider group and they have taken steps to protect liquidity.
The directors are therefore satisfied that there is no significant risk to the ability of the company to continue as a going concern for at least 12 months from the date of approval of these financial statements.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance

Government grants
Government grant received during the year has been accounted according to the policy per FRS 102.

The performance model required that:
(a) A grant that does not impose specified future performance-related conditions on the recipient is recognised in income when the grant proceeds are received or receivable.
(b) A grant that imposes specified future performance-related conditions on the recipient is recognised in income only when the performance-related conditions are met.

The accrual method requires that:
(a) An entity classifies a grant either as a grant relating to revenue or a grant relating to assets.
(b) Grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate (Note: A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs shall be recognised in income in the period in which it becomes receivable.)
(c) Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.


NLPG Ltd (Registered number: 09459282)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2022

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2021 17,321 300 - 17,621
Additions 708 - 23,854 24,562
Disposals (14,161 ) - - (14,161 )
At 28 February 2022 3,868 300 23,854 28,022
DEPRECIATION
At 1 March 2021 14,073 247 - 14,320
Charge for year 359 13 4,771 5,143
Eliminated on disposal (11,641 ) - - (11,641 )
At 28 February 2022 2,791 260 4,771 7,822
NET BOOK VALUE
At 28 February 2022 1,077 40 19,083 20,200
At 28 February 2021 3,248 53 - 3,301

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.22 28.2.21
£    £   
Trade debtors 31,914 44,536
Other debtors 5,572 -
37,486 44,536

NLPG Ltd (Registered number: 09459282)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.22 28.2.21
£    £   
Trade creditors 17,458 12,561
Taxation and social security (21,936 ) (10,141 )
Other creditors 9,306 9,445
4,828 11,865

7. PROVISIONS FOR LIABILITIES
28.2.22 28.2.21
£    £   
Deferred tax 3,838 627

Deferred
tax
£   
Balance at 1 March 2021 627
Charge to Profit & Loss Account during year 3,211
Balance at 28 February 2022 3,838