Company registration number 11411632 (England and Wales)
NAYIAGER LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
NAYIAGER LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
NAYIAGER LIMITED
COMPANY INFORMATION
Directors
Dr Y Nayiager
Mrs A J Nayiager
Company number
11411632
Registered office
Suite 2, Albion House
2 Etruria Office Village
Forge Lane, Etruria
Stoke on Trent
Staffordshire
ST1 5RQ
Accountants
Dains Accountants Limited
Suite 2, Albion House
2 Etruria Office Village
Forge Lane
Stoke on Trent
Staffordshire
ST1 5RQ
NAYIAGER LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
3,635
1,834
Current assets
Debtors
5
3,221
2,043
Cash at bank and in hand
4,162
6,487
7,383
8,530
Creditors: amounts falling due within one year
6
(4,780)
(3,484)
Net current assets
2,603
5,046
Total assets less current liabilities
6,238
6,880
Provisions for liabilities
(722)
(348)
Net assets
5,516
6,532
Capital and reserves
Called up share capital
7
2
2
Profit and loss reserves
5,514
6,530
Total equity
5,516
6,532

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 March 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 18 November 2023 and are signed on its behalf by:
Dr Y Nayiager
Director
Company registration number 11411632 (England and Wales)
NAYIAGER LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information

Nayiager Limited is a private company limited by shares incorporated in England and Wales. The registered office is Suite 2, Albion House, 2 Etruria Office Village, Forge Lane, Etruria, Stoke on Trent, Staffordshire, ST1 5RQ.

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 £.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

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:

Computer and office equipment
20% on reducing balance
1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

NAYIAGER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 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
2
2
3
Operating profit
2023
2022
Operating profit for the year is stated after charging:
£
£
Depreciation of tangible fixed assets
903
613
4
Tangible fixed assets
Computers
£
Cost
At 1 April 2022
2,760
Additions
2,704
At 31 March 2023
5,464
Depreciation and impairment
At 1 April 2022
926
Depreciation charged in the year
903
At 31 March 2023
1,829
Carrying amount
At 31 March 2023
3,635
At 31 March 2022
1,834
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
3,173
1,995
Other debtors
48
48
3,221
2,043
NAYIAGER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 4 -
6
Creditors: amounts falling due within one year
2023
2022
£
£
Taxation and social security
175
2,184
Other creditors
4,605
1,300
4,780
3,484
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
1
1
1
1
Ordinary B of £1 each
1
1
1
1
2
2
2
2
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