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Company Registration No. 11113261 (England and Wales)
Nasahi Ltd Unaudited accounts for the year ended 31 December 2021
Nasahi Ltd Unaudited accounts Contents
Page
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Nasahi Ltd Company Information for the year ended 31 December 2021
Director
Zheng Zhang
Company Number
11113261 (England and Wales)
Registered Office
40 Bennett Way Cambridge CB22 3FR
Accountants
Anthony Daniel Associates 10 Julian Place London E14 3AT
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Nasahi Ltd Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,909 
2,359 
Current assets
Inventories
142,925 
113,486 
Debtors
941 
1,881 
Cash at bank and in hand
284,195 
324,284 
428,061 
439,651 
Creditors: amounts falling due within one year
(134,315)
(144,510)
Net current assets
293,746 
295,141 
Total assets less current liabilities
296,655 
297,500 
Creditors: amounts falling due after more than one year
(200,000)
(200,000)
Net assets
96,655 
97,500 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
96,555 
97,400 
Shareholders' funds
96,655 
97,500 
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 her 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 7 September 2022 and were signed on its behalf by
Zheng Zhang Director Company Registration No. 11113261
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Nasahi Ltd Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
Nasahi Ltd is a private company, limited by shares, registered in England and Wales, registration number 11113261. The registered office is 40 Bennett Way, Cambridge, CB22 3FR.
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.
Turnover
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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
20% on cost
Computer equipment
20% on cost
Inventories
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Nasahi Ltd Notes to the Accounts for the year ended 31 December 2021
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2021
811 
2,266 
3,077 
Additions
- 
1,163 
1,163 
At 31 December 2021
811 
3,429 
4,240 
Depreciation
At 1 January 2021
197 
521 
718 
Charge for the year
126 
487 
613 
At 31 December 2021
323 
1,008 
1,331 
Net book value
At 31 December 2021
488 
2,421 
2,909 
At 31 December 2020
614 
1,745 
2,359 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Accrued income and prepayments
841 
1,781 
Other debtors
100 
100 
941 
1,881 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade creditors
24,818 
31,982 
Taxes and social security
74,849 
85,950 
Proposed dividends
36,000 
24,000 
Loans from directors
(2,952)
802 
Accruals
1,600 
1,776 
134,315 
144,510 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Other creditors
200,000 
200,000 
Included in amounts falling due after more than one year is director, Ms. Zheng Zhang's loan of £200,000 (2020 : £200,000), which is payable at the end of five year terms. The loan is unsecured and subordinated in favour of third party creditors.
8
Share capital
2021 
2020 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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Nasahi Ltd Notes to the Accounts for the year ended 31 December 2021
9
Controlling party
The ultimate controlling party is Ms. Zheng Zhang, who is the sole director and holds one hundred percent of the company shares.
10
Average number of employees
During the year the average number of employees was 4 (2020: 4).
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