2022-01-012022-12-312022-12-31false11738442NOVOTECH NDT LTD2023-09-25iso4217:GBPxbrli:pure117384422022-01-01117384422022-12-31117384422022-01-012022-12-31117384422021-01-01117384422021-12-31117384422021-01-012021-12-3111738442bus:SmallEntities2022-01-012022-12-3111738442bus:AuditExempt-NoAccountantsReport2022-01-012022-12-3111738442bus:FullAccounts2022-01-012022-12-3111738442bus:PrivateLimitedCompanyLtd2022-01-012022-12-3111738442core:WithinOneYear2022-12-3111738442core:AfterOneYear2022-12-3111738442core:WithinOneYear2021-12-3111738442core:AfterOneYear2021-12-3111738442core:ShareCapital2022-12-3111738442core:SharePremium2022-12-3111738442core:RevaluationReserve2022-12-3111738442core:OtherReservesSubtotal2022-12-3111738442core:RetainedEarningsAccumulatedLosses2022-12-3111738442core:ShareCapital2021-12-3111738442core:SharePremium2021-12-3111738442core:RevaluationReserve2021-12-3111738442core:OtherReservesSubtotal2021-12-3111738442core:RetainedEarningsAccumulatedLosses2021-12-3111738442core:LandBuildings2022-12-3111738442core:PlantMachinery2022-12-3111738442core:Vehicles2022-12-3111738442core:FurnitureFittings2022-12-3111738442core:OfficeEquipment2022-12-3111738442core:NetGoodwill2022-12-3111738442core:IntangibleAssetsOtherThanGoodwill2022-12-3111738442core:ListedExchangeTraded2022-12-3111738442core:UnlistedNon-exchangeTraded2022-12-3111738442core:LandBuildings2021-12-3111738442core:PlantMachinery2021-12-3111738442core:Vehicles2021-12-3111738442core:FurnitureFittings2021-12-3111738442core:OfficeEquipment2021-12-3111738442core:NetGoodwill2021-12-3111738442core:IntangibleAssetsOtherThanGoodwill2021-12-3111738442core:ListedExchangeTraded2021-12-3111738442core:UnlistedNon-exchangeTraded2021-12-3111738442core:LandBuildings2022-01-012022-12-3111738442core:PlantMachinery2022-01-012022-12-3111738442core:Vehicles2022-01-012022-12-3111738442core:FurnitureFittings2022-01-012022-12-3111738442core:OfficeEquipment2022-01-012022-12-3111738442core:NetGoodwill2022-01-012022-12-3111738442core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3111738442core:ListedExchangeTraded2022-01-012022-12-3111738442core:UnlistedNon-exchangeTraded2022-01-012022-12-3111738442core:MoreThanFiveYears2022-01-012022-12-3111738442core:Non-currentFinancialInstruments2022-12-3111738442core:Non-currentFinancialInstruments2021-12-3111738442dpl:CostSales2022-01-012022-12-3111738442dpl:DistributionCosts2022-01-012022-12-3111738442dpl:AdministrativeExpenses2022-01-012022-12-3111738442core:LandBuildings2022-01-012022-12-3111738442core:PlantMachinery2022-01-012022-12-3111738442core:Vehicles2022-01-012022-12-3111738442core:FurnitureFittings2022-01-012022-12-3111738442core:OfficeEquipment2022-01-012022-12-3111738442core:NetGoodwill2022-01-012022-12-3111738442core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3111738442dpl:GroupUndertakings2022-01-012022-12-3111738442dpl:ParticipatingInterests2022-01-012022-12-3111738442dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3111738442core:ListedExchangeTraded2022-01-012022-12-3111738442dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3111738442core:UnlistedNon-exchangeTraded2022-01-012022-12-3111738442dpl:CostSales2021-01-012021-12-3111738442dpl:DistributionCosts2021-01-012021-12-3111738442dpl:AdministrativeExpenses2021-01-012021-12-3111738442core:LandBuildings2021-01-012021-12-3111738442core:PlantMachinery2021-01-012021-12-3111738442core:Vehicles2021-01-012021-12-3111738442core:FurnitureFittings2021-01-012021-12-3111738442core:OfficeEquipment2021-01-012021-12-3111738442core:NetGoodwill2021-01-012021-12-3111738442core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3111738442dpl:GroupUndertakings2021-01-012021-12-3111738442dpl:ParticipatingInterests2021-01-012021-12-3111738442dpl:GroupUndertakingscore:ListedExchangeTraded2021-01-012021-12-3111738442core:ListedExchangeTraded2021-01-012021-12-3111738442dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-01-012021-12-3111738442core:UnlistedNon-exchangeTraded2021-01-012021-12-3111738442core:NetGoodwill2022-12-3111738442core:IntangibleAssetsOtherThanGoodwill2022-12-3111738442core:LandBuildings2022-12-3111738442core:PlantMachinery2022-12-3111738442core:Vehicles2022-12-3111738442core:FurnitureFittings2022-12-3111738442core:OfficeEquipment2022-12-3111738442core:AfterOneYear2022-12-3111738442core:WithinOneYear2022-12-3111738442core:ListedExchangeTraded2022-12-3111738442core:UnlistedNon-exchangeTraded2022-12-3111738442core:ShareCapital2022-12-3111738442core:SharePremium2022-12-3111738442core:RevaluationReserve2022-12-3111738442core:OtherReservesSubtotal2022-12-3111738442core:RetainedEarningsAccumulatedLosses2022-12-3111738442core:NetGoodwill2021-12-3111738442core:IntangibleAssetsOtherThanGoodwill2021-12-3111738442core:LandBuildings2021-12-3111738442core:PlantMachinery2021-12-3111738442core:Vehicles2021-12-3111738442core:FurnitureFittings2021-12-3111738442core:OfficeEquipment2021-12-3111738442core:AfterOneYear2021-12-3111738442core:WithinOneYear2021-12-3111738442core:ListedExchange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NOVOTECH NDT LTD

Registered Number
11738442
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2022

NOVOTECH NDT LTD
Company Information
for the year from 1 January 2022 to 31 December 2022

Director

KAID, Amein

Registered Address

19 Uplands
Whitley Bay
NE25 9AG

Registered Number

11738442 (England and Wales)
NOVOTECH NDT LTD
Balance Sheet as at
31 December 2022

Notes

2022

2021

£

£

£

£

Fixed assets
Intangible assets783,830-
Tangible assets813,36225,038
97,19225,038
Current assets
Debtors93,972-
Cash at bank and on hand9,83064,450
13,80264,450
Creditors amounts falling due within one year10(15,245)(14,278)
Net current assets (liabilities)(1,443)50,172
Total assets less current liabilities95,74975,210
Creditors amounts falling due after one year11(36,667)(44,998)
Net assets59,08230,212
Capital and reserves
Called up share capital11
Profit and loss account59,08130,211
Shareholders' funds59,08230,212
The financial statements were approved and authorised for issue by the Director on 25 September 2023, and are signed on its behalf by:
KAID, Amein
Director
Registered Company No. 11738442
NOVOTECH NDT LTD
Notes to the Financial Statements
for the year ended 31 December 2022

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.Principal activities
The company’s principal activity during the year was that of the provision of engineering related and technical consulting services.
4.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
5.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, and net of discounts. Turnover includes revenue earned from the sale of goods and from the rendering of services.
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:

Straight line (years)
Plant and machinery4
Office Equipment4
Intangible assets policy
Intangible assets include Cyptocurrency shown at fair value and any fair value adjustments have then been taken to the profit and loss account.
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
6.Employee information

20222021
Average number of employees during the year00
7.Intangible assets

Other

Total

££
Cost or valuation
Additions127,773127,773
Revaluations(43,943)(43,943)
At 31 December 2283,83083,830
Net book value
At 31 December 2283,83083,830
At 31 December 21--
8.Property, plant and equipment

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 January 2222,92823,77546,703
At 31 December 2222,92823,77546,703
Depreciation and impairment
At 01 January 226,28815,37721,665
Charge for year5,7325,94411,676
At 31 December 2212,02021,32133,341
Net book value
At 31 December 2210,9082,45413,362
At 31 December 2116,6408,39825,038
9.Debtors

2022

2021

££
Trade debtors / trade receivables13,717-
Other debtors(9,745)-
Total3,972-
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
10.Creditors within one year

2022

2021

££
Bank borrowings and overdrafts1,007-
Taxation and social security1-
Other creditors10,46812,429
Accrued liabilities and deferred income3,7691,849
Total15,24514,278
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
11.Creditors after one year

2022

2021

££
Bank borrowings and overdrafts36,66744,998
Total36,66744,998