Company No:
Contents
Note | 29.11.2022 | 30.11.2021 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
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1,747 | 2,330 | |||
Current assets | ||||
Stocks |
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Debtors | 4 |
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Cash at bank and in hand |
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48,116 | 23,563 | |||
Creditors: amounts falling due within one year | 5 | (
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Net current liabilities | (5,958) | (18,355) | ||
Total assets less current liabilities | (4,211) | (16,025) | ||
Net liabilities | (
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account | (
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Total shareholder's deficit | (
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Director's responsibilities:
The financial statements of Ncrypted Ltd (registered number:
Dr L Pinson
Director |
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.
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 £.
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.
The year end has been reduced from 30 November to 29 November, therefore, these accounts cover a shorter period this year.
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.
Office equipment |
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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 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.
Period from 01.12.2021 to 29.11.2022 |
Year ended 30.11.2021 |
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Number | Number | ||
Monthly average number of persons employed by the Company during the period, including the director |
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Office equipment | Total | ||
£ | £ | ||
Cost | |||
At 01 December 2021 |
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At 29 November 2022 |
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Accumulated depreciation | |||
At 01 December 2021 |
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Charge for the financial period |
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At 29 November 2022 |
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Net book value | |||
At 29 November 2022 |
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At 30 November 2021 |
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29.11.2022 | 30.11.2021 | ||
£ | £ | ||
Trade debtors |
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Prepayments and accrued income |
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29.11.2022 | 30.11.2021 | ||
£ | £ | ||
Other creditors |
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