NV INTEGRATION LTD

Company Registration Number:
07225971 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

NV INTEGRATION LTD

Contents of the Financial Statements

for the Period Ended 31 March 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

NV INTEGRATION LTD

Company Information

for the Period Ended 31 March 2023




Registered office: 19-23
Wedmore Street
London
England
N19 4RU
Company Registration Number: 07225971 (England and Wales)

NV INTEGRATION LTD

Balance sheet

As at 31 March 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 9,938 12,976
Total fixed assets: 9,938 12,976
Current assets
Stocks: 7,000 10,000
Debtors: 297,413 41,597
Cash at bank and in hand: 919,503 686,497
Total current assets: 1,223,916 738,094
Creditors: amounts falling due within one year: ( 219,540 ) ( 227,962 )
Net current assets (liabilities): 1,004,376 510,132
Total assets less current liabilities: 1,014,314 523,108
Total net assets (liabilities): 1,014,314 523,108

The notes form part of these financial statements

NV INTEGRATION LTD

Balance sheet continued

As at 31 March 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 1,014,313 523,107
Shareholders funds: 1,014,314 523,108

For the year ending 31 March 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

This report was approved by the board of directors on 15 August 2023
And Signed On Behalf Of The Board By:

Name: Phillip Evans
Status: Director

The notes form part of these financial statements

NV INTEGRATION LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

    Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

    Tangible fixed assets depreciation policy

    Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


    Motor vehicles 20% Straight Line
    Equipment 33% Straight Line

    Valuation information and policy

    Tangible assets

    Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

    An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increases accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

    Stocks

    Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.


NV INTEGRATION LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 6 5

NV INTEGRATION LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 3. Off balance sheet disclosure

    No

NV INTEGRATION LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Tangible Assets

Total
Cost £
At 01 April 2022 15,431
Additions 979
Disposals -
Revaluations -
Transfers -
At 31 March 2023 16,410
Depreciation
At 01 April 2022 2,455
Charge for year 4,017
On disposals -
Other adjustments -
At 31 March 2023 6,472
Net book value
At 31 March 2023 9,938
At 31 March 2022 12,976