Company registration number 11170721 (England and Wales)
NDA GLOBAL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
PAGES FOR FILING WITH REGISTRAR
NDA GLOBAL LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
NDA GLOBAL LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2023
31 January 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
0
1,025
Current assets
Debtors
4
719
7,451
Cash at bank and in hand
19,798
23,248
20,517
30,699
Creditors: amounts falling due within one year
Taxation and social security
1,566
6,965
Other creditors
882,356
718,888
883,922
725,853
Net current liabilities
(863,405)
(695,154)
Net liabilities
(863,405)
(694,129)
Capital and reserves
Called up share capital
99
99
Profit and loss reserves
(863,504)
(694,228)
Total equity
(863,405)
(694,129)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 6 November 2023 and are signed on its behalf by:
N Aldoseri
Director
Company Registration No. 11170721
NDA GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
- 2 -
1
Accounting policies
Company information

NDA Global Limited company is a private company limited by shares incorporated in England and Wales. The registered office is Finsgate, 5-7 Cranwood Street, London, EC1V 9EE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Total liabilities exceed current assets at the balance sheet date. The directors believe that the company has sufficient liquid assets to meet its liabilities as and when they fall due and that the company has sufficient support from its directors, shareholders and creditors. Accordingly the directors consider that it is appropriate to prepare the accounts on a going concern basis.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
25% Straight line method

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.5
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

NDA GLOBAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
3
3
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2022 and 31 January 2023
7,493
Depreciation and impairment
At 1 February 2022
6,468
Depreciation charged in the year
1,025
At 31 January 2023
7,493
Carrying amount
At 31 January 2023
-
0
At 31 January 2022
1,025
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
719
7,451
5
Related party transactions

At the year end the company owed £876,970 (2022 - £704,830) to N Aldoseri, a director of the company, in respect of an interest free loan which is repayable on demand.

2023-01-312022-02-01falseCCH SoftwareCCH Accounts Production 2023.200No description of principal activityN AldoseriD Aldoseri111707212022-02-012023-01-31111707212023-01-31111707212022-01-3111170721core:OtherPropertyPlantEquipment2023-01-3111170721core:OtherPropertyPlantEquipment2022-01-3111170721core:CurrentFinancialInstruments2023-01-3111170721core:CurrentFinancialInstruments2022-01-3111170721core:CurrentFinancialInstrumentscore:WithinOneYear2023-01-3111170721core:CurrentFinancialInstrumentscore:WithinOneYear2022-01-3111170721core:ShareCapital2023-01-3111170721core:ShareCapital2022-01-3111170721core:RetainedEarningsAccumulatedLosses2023-01-3111170721core:RetainedEarningsAccumulatedLosses2022-01-3111170721bus:Director12022-02-012023-01-3111170721core:ComputerEquipment2022-02-012023-01-31111707212021-02-012022-01-3111170721core:OtherPropertyPlantEquipment2022-01-3111170721core:OtherPropertyPlantEquipment2022-02-012023-01-3111170721core:WithinOneYear2023-01-3111170721core:WithinOneYear2022-01-3111170721bus:PrivateLimitedCompanyLtd2022-02-012023-01-3111170721bus:SmallCompaniesRegimeForAccounts2022-02-012023-01-3111170721bus:FRS1022022-02-012023-01-3111170721bus:AuditExempt-NoAccountantsReport2022-02-012023-01-3111170721bus:Director22022-02-012023-01-3111170721bus:FullAccounts2022-02-012023-01-31xbrli:purexbrli:sharesiso4217:GBP