NADM Ltd |
Registered number: |
14120669 |
Balance Sheet |
as at 31 May 2023 |
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2023 |
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£ |
|
|
Fixed assets |
|
|
|
2,557 |
Current assets |
|
|
23,765 |
Prepayments and accrued income |
|
|
1,666 |
|
|
|
25,431 |
|
|
Creditors: amounts falling due within one year |
|
|
(17,797) |
Net current assets |
|
|
|
7,634 |
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Total assets less current liabilities |
|
|
|
10,191 |
|
Accruals and deferred income |
|
|
|
(3,712) |
Net assets |
|
|
|
6,479 |
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|
|
|
|
|
|
Capital and reserves |
|
|
|
6,479 |
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|
|
|
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Number |
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Average number of employees (excluding director) |
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0 |
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|
The company incorporated on 20 May 2022, these accounts cover the period from 20 May 2022 to 31 May 2023. |
Directors Loans: on 2 July 2022 the company made the first of a number of directors loans to Nigel Adams, the maximum amount of any loan was £21,786.80 during the financial year, and some of these loans were repaid before the balance sheet date. At the balance sheet date the outstanding directors loan balance was £7,843.20. Directors Loans are interest free up to £10,000 after which interest is charged at the HMRC specified rate. The loans are repayable on demand. |
The company was previously named Propello Digital Ltd up to 3 November 2022 when the company name was changed to NADM Ltd. |
The company has commitments under a Personal Contract Purchase agreement of £23,892.44 running to February 2027, with an optional final (balloon) payment of an additional £26882.08 payable in March 2027. |
The company is a private company limited by shares and incorporated in England. Its registered office is 20-22 Wenlock Road, London, N1 7GU. |
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared in accordance with the micro entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
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Nigel Adams |
Director |
Approved by the board on 31 October 2023 |