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REGISTERED NUMBER: 11288194 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

NVOY TECHNOLOGIES LTD

NVOY TECHNOLOGIES LTD (Registered number: 11288194)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NVOY TECHNOLOGIES LTD

Company Information
for the Year Ended 31 March 2023







DIRECTOR: S D Wilde





REGISTERED OFFICE: 12th Floor, 30 Crown Place
Earl Street
London
EC2A 4EB





REGISTERED NUMBER: 11288194 (England and Wales)





ACCOUNTANTS: NT Accountancy
Chartered Accountants
43 Lynton Mead
London
N20 8DG

NVOY TECHNOLOGIES LTD (Registered number: 11288194)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,627 23,073

CURRENT ASSETS
Debtors 5 265,358 128,458
Cash at bank 124,834 315,924
390,192 444,382
CREDITORS
Amounts falling due within one year 6 266,765 184,497
NET CURRENT ASSETS 123,427 259,885
TOTAL ASSETS LESS CURRENT
LIABILITIES

155,054

282,958

CREDITORS
Amounts falling due after more than
one year

7

-

71,770
NET ASSETS 155,054 211,188

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 154,954 211,088
SHAREHOLDERS' FUNDS 155,054 211,188

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

NVOY TECHNOLOGIES LTD (Registered number: 11288194)

Balance Sheet - continued
31 March 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 November 2023 and were signed by:





S D Wilde - Director


NVOY TECHNOLOGIES LTD (Registered number: 11288194)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

NVOY TECHNOLOGIES LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue recognition.
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Website - 33% on cost
Computer equipment - 25% on reducing balance

Financial instruments
The Company only enters into basic financial instrument transactions that results in the recognition of financial assets and liabilities.

The following assets and liabilities are classified as financial instruments-trade debtors, trade creditors and director's loans.

Directors' loans, trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 11 ) .

NVOY TECHNOLOGIES LTD (Registered number: 11288194)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Computer
Website equipment Totals
£    £    £   
COST
At 1 April 2022 3,183 33,370 36,553
Additions 5,284 15,461 20,745
At 31 March 2023 8,467 48,831 57,298
DEPRECIATION
At 1 April 2022 2,122 11,358 13,480
Charge for year 2,823 9,368 12,191
At 31 March 2023 4,945 20,726 25,671
NET BOOK VALUE
At 31 March 2023 3,522 28,105 31,627
At 31 March 2022 1,061 22,012 23,073

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 232,578 120,577
Other debtors 17,329 3,277
Prepayments and accrued income 15,451 4,604
265,358 128,458

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Loan 69,349 71,771
Trade creditors 82,959 75,033
Social security and other taxes 45,095 25,552
Other creditors 39,193 2,251
Directors' current accounts 623 -
Accruals and deferred income 29,546 9,890
266,765 184,497

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Loan -1-2 Years - 71,770

NVOY TECHNOLOGIES LTD (Registered number: 11288194)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. SECURED DEBTS

The CBILS loan from Iwoca Skye Finance Ltd is secured by a fixed and floating charge dated 18th January 2021, over the assets of the company.