2022-02-012023-01-312023-01-31false05326296NAGLOTECH LTD2023-08-2462090iso4217:GBPxbrli:pure053262962022-02-01053262962023-01-31053262962022-02-012023-01-31053262962021-02-01053262962022-01-31053262962021-02-012022-01-3105326296bus:SmallEntities2022-02-012023-01-3105326296bus:AuditExempt-NoAccountantsReport2022-02-012023-01-3105326296bus:AbridgedAccounts2022-02-012023-01-3105326296bus:PrivateLimitedCompanyLtd2022-02-012023-01-3105326296core:WithinOneYear2023-01-3105326296core:AfterOneYear2023-01-3105326296core:WithinOneYear2022-01-3105326296core:AfterOneYear2022-01-3105326296core:ShareCapital2023-01-3105326296core:SharePremium2023-01-3105326296core:RevaluationReserve2023-01-3105326296core:OtherReservesSubtotal2023-01-3105326296core:RetainedEarningsAccumulatedLosses2023-01-3105326296core:ShareCapital2022-01-3105326296core:SharePremium2022-01-3105326296core:RevaluationReserve2022-01-3105326296core:OtherReservesSubtotal2022-01-3105326296core:RetainedEarningsAccumulatedLosses2022-01-3105326296core:LandBuildings2023-01-3105326296core:PlantMachinery2023-01-3105326296core:Vehicles2023-01-3105326296core:FurnitureFittings2023-01-3105326296core:OfficeEquipment2023-01-3105326296core:NetGoodwill2023-01-3105326296core:IntangibleAssetsOtherThanGoodwill2023-01-3105326296core:ListedExchangeTraded2023-01-3105326296core:UnlistedNon-exchangeTraded2023-01-3105326296core:LandBuildings2022-01-3105326296core:PlantMachinery2022-01-3105326296core:Vehicles2022-01-3105326296core:FurnitureFittings2022-01-3105326296core:OfficeEquipment2022-01-3105326296core:NetGoodwill2022-01-3105326296core:IntangibleAssetsOtherThanGoodwill2022-01-3105326296core:ListedExchangeTraded2022-01-3105326296core:UnlistedNon-exchangeTraded2022-01-3105326296core:LandBuildings2022-02-012023-01-3105326296core:PlantMachinery2022-02-012023-01-3105326296core:Vehicles2022-02-012023-01-3105326296core:FurnitureFittings2022-02-012023-01-3105326296core:OfficeEquipment2022-02-012023-01-3105326296core:NetGoodwill2022-02-012023-01-3105326296core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3105326296core:ListedExchangeTraded2022-02-012023-01-3105326296core:UnlistedNon-exchangeTraded2022-02-012023-01-3105326296core:MoreThanFiveYears2022-02-012023-01-3105326296core:Non-currentFinancialInstruments2023-01-3105326296core:Non-currentFinancialInstruments2022-01-3105326296dpl:CostSales2022-02-012023-01-3105326296dpl:DistributionCosts2022-02-012023-01-3105326296dpl:AdministrativeExpenses2022-02-012023-01-3105326296core:LandBuildings2022-02-012023-01-3105326296core:PlantMachinery2022-02-012023-01-3105326296core:Vehicles2022-02-012023-01-3105326296core:FurnitureFittings2022-02-012023-01-3105326296core:OfficeEquipment2022-02-012023-01-3105326296core:NetGoodwill2022-02-012023-01-3105326296core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3105326296dpl:GroupUndertakings2022-02-012023-01-3105326296dpl:ParticipatingInterests2022-02-012023-01-3105326296dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3105326296core:ListedExchangeTraded2022-02-012023-01-3105326296dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3105326296core:UnlistedNon-exchangeTraded2022-02-012023-01-3105326296dpl:CostSales2021-02-012022-01-3105326296dpl:DistributionCosts2021-02-012022-01-3105326296dpl:AdministrativeExpenses2021-02-012022-01-3105326296core:LandBuildings2021-02-012022-01-3105326296core:PlantMachinery2021-02-012022-01-3105326296core:Vehicles2021-02-012022-01-3105326296core:FurnitureFittings2021-02-012022-01-3105326296core:OfficeEquipment2021-02-012022-01-3105326296core:NetGoodwill2021-02-012022-01-3105326296core:IntangibleAssetsOtherThanGoodwill2021-02-012022-01-3105326296dpl:GroupUndertakings2021-02-012022-01-3105326296dpl:ParticipatingInterests2021-02-012022-01-3105326296dpl:GroupUndertakingscore:ListedExchangeTraded2021-02-012022-01-3105326296core:ListedExchangeTraded2021-02-012022-01-3105326296dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-02-012022-01-3105326296core:UnlistedNon-exchangeTraded2021-02-012022-01-3105326296core:NetGoodwill2023-01-3105326296core:IntangibleAssetsOtherThanGoodwill2023-01-3105326296core:LandBuildings2023-01-3105326296core:PlantMachinery2023-01-3105326296core:Vehicles2023-01-3105326296core:FurnitureFittings2023-01-3105326296core:OfficeEquipment2023-01-3105326296core:AfterOneYear2023-01-3105326296core:WithinOneYear2023-01-3105326296core:ListedExchangeTraded2023-01-3105326296core:UnlistedNon-exchangeTraded2023-01-3105326296core:ShareCapital2023-01-3105326296core:SharePremium2023-01-3105326296core:RevaluationReserve2023-01-3105326296core:OtherReservesSubtotal2023-01-3105326296core:RetainedEarningsAccumulatedLosses2023-01-3105326296core:NetGoodwill2022-01-3105326296core:IntangibleAssetsOtherThanGoodwill2022-01-3105326296core:LandBuildings2022-01-3105326296core:PlantMachinery2022-01-3105326296core:Vehicles2022-01-3105326296core:FurnitureFittings2022-01-3105326296core:OfficeEquipment2022-01-3105326296core:AfterOneYear2022-01-3105326296core:WithinOneYear2022-01-3105326296core:Liste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NAGLOTECH LTD

Registered Number
05326296
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2023

NAGLOTECH LTD
Company Information
for the year from 1 February 2022 to 31 January 2023

Directors

BOOTH, Andrew Armstrong
BOOTH, Samantha Lorraine

Registered Address

2 Colchester Road
St. Osyth
Clacton-On-Sea
CO16 8HA

Registered Number

05326296 (England and Wales)
NAGLOTECH LTD
Balance Sheet as at
31 January 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets5154,614149,688
154,614149,688
Current assets
Debtors6167,371230,144
Cash at bank and on hand93,826120,394
261,197350,538
Creditors amounts falling due within one year7(146,676)(70,145)
Net current assets (liabilities)114,521280,393
Total assets less current liabilities269,135430,081
Creditors amounts falling due after one year(71,954)(126,688)
Provisions for liabilities(29,377)(28,441)
Net assets167,804274,952
Capital and reserves
Called up share capital1,0021,002
Profit and loss account166,802273,950
Shareholders' funds167,804274,952
The financial statements were approved and authorised for issue by the Board of Directors on 24 August 2023, and are signed on its behalf by:
BOOTH, Andrew Armstrong
Director
Registered Company No. 05326296
NAGLOTECH LTD
Notes to the Financial Statements
for the year ended 31 January 2023

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

Reducing balance (%)
Plant and machinery25
Vehicles20
Office Equipment15
Stocks policy
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
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.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year109
5.Property, plant and equipment

Total

£
Cost or valuation
At 01 February 22263,685
Additions34,702
At 31 January 23298,387
Depreciation and impairment
At 01 February 22113,997
Charge for year40,529
On disposals(10,753)
At 31 January 23143,773
Net book value
At 31 January 23154,614
At 31 January 22149,688
6.Debtors

2023

2022

££
Trade debtors / trade receivables74,81467,312
Other debtors86,249161,834
Prepayments and accrued income6,308998
Total167,371230,144
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.
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables24,64312,068
Taxation and social security50,53830,170
Finance lease and HP contracts20,16324,105
Other creditors29,3813,802
Accrued liabilities and deferred income21,951-
Total146,67670,145
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.
8.Finance lease and HP contracts after one year

2023

2022

££
Finance lease and HP contracts38,48984,142