Silverfin false 29/11/2022 01/12/2021 29/11/2022 Dr L Pinson 10/11/2019 22 November 2023 The principal activity of the Company during the financial year was that of information technology consultancy activities and computer facilities management activities. 12322591 2022-11-29 12322591 bus:Director1 2022-11-29 12322591 2021-11-30 12322591 core:CurrentFinancialInstruments 2022-11-29 12322591 core:CurrentFinancialInstruments 2021-11-30 12322591 core:ShareCapital 2022-11-29 12322591 core:ShareCapital 2021-11-30 12322591 core:RetainedEarningsAccumulatedLosses 2022-11-29 12322591 core:RetainedEarningsAccumulatedLosses 2021-11-30 12322591 core:OfficeEquipment 2021-11-30 12322591 core:OfficeEquipment 2022-11-29 12322591 2021-12-01 2022-11-29 12322591 bus:FullAccounts 2021-12-01 2022-11-29 12322591 bus:SmallEntities 2021-12-01 2022-11-29 12322591 bus:AuditExemptWithAccountantsReport 2021-12-01 2022-11-29 12322591 bus:PrivateLimitedCompanyLtd 2021-12-01 2022-11-29 12322591 bus:Director1 2021-12-01 2022-11-29 12322591 core:OfficeEquipment 2021-12-01 2022-11-29 12322591 2020-12-01 2021-11-30 iso4217:GBP xbrli:pure

Company No: 12322591 (England and Wales)

NCRYPTED LTD

Unaudited Financial Statements
For the financial period from 01 December 2021 to 29 November 2022
Pages for filing with the registrar

NCRYPTED LTD

Unaudited Financial Statements

For the financial period from 01 December 2021 to 29 November 2022

Contents

NCRYPTED LTD

BALANCE SHEET

As at 29 November 2022
NCRYPTED LTD

BALANCE SHEET (continued)

As at 29 November 2022
Note 29.11.2022 30.11.2021
£ £
Fixed assets
Tangible assets 3 1,747 2,330
1,747 2,330
Current assets
Stocks 12,943 9,572
Debtors 4 7,642 455
Cash at bank and in hand 27,531 13,536
48,116 23,563
Creditors: amounts falling due within one year 5 ( 54,074) ( 41,918)
Net current liabilities (5,958) (18,355)
Total assets less current liabilities (4,211) (16,025)
Net liabilities ( 4,211) ( 16,025)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 4,311 ) ( 16,125 )
Total shareholder's deficit ( 4,211) ( 16,025)

For the financial period ending 29 November 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Ncrypted Ltd (registered number: 12322591) were approved and authorised for issue by the Director on 22 November 2023. They were signed on its behalf by:

Dr L Pinson
Director
NCRYPTED LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 December 2021 to 29 November 2022
NCRYPTED LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 December 2021 to 29 November 2022
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Ncrypted Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House. 2-8 Parkstone Road, Poole, Dorset, BH15 2PW, United Kingdom.

The principle place of business is: 43 Alcantara Crescent, Southampton, Hampshire, SO14 3HR.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The year end has been reduced from 30 November to 29 November, therefore, these accounts cover a shorter period this year.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

Period from
01.12.2021 to
29.11.2022
Year ended
30.11.2021
Number Number
Monthly average number of persons employed by the Company during the period, including the director 1 1

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 December 2021 3,468 3,468
At 29 November 2022 3,468 3,468
Accumulated depreciation
At 01 December 2021 1,138 1,138
Charge for the financial period 583 583
At 29 November 2022 1,721 1,721
Net book value
At 29 November 2022 1,747 1,747
At 30 November 2021 2,330 2,330

4. Debtors

29.11.2022 30.11.2021
£ £
Trade debtors 5,377 0
Prepayments and accrued income 2,265 455
7,642 455

5. Creditors: amounts falling due within one year

29.11.2022 30.11.2021
£ £
Other creditors 54,074 41,918