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REGISTERED NUMBER: 06503619 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

NL REPORTS LIMITED

NL REPORTS LIMITED (REGISTERED NUMBER: 06503619)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

NL REPORTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Dr N L Fraser
Professor R M Atkins





SECRETARY: Professor R M Atkins





REGISTERED OFFICE: 2 Oakfield Road
Clifton
Bristol
BS8 2AL





REGISTERED NUMBER: 06503619 (England and Wales)





ACCOUNTANTS: PJE Chartered Accountants
2 Oakfield Road
Clifton
Bristol
BS8 2AL

NL REPORTS LIMITED (REGISTERED NUMBER: 06503619)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,248 41,946

CURRENT ASSETS
Debtors 5 107,787 55,556
Cash at bank 208,925 307,293
316,712 362,849
CREDITORS
Amounts falling due within one year 6 75,380 89,579
NET CURRENT ASSETS 241,332 273,270
TOTAL ASSETS LESS CURRENT
LIABILITIES

278,580

315,216

PROVISIONS FOR LIABILITIES 9,312 9,689
NET ASSETS 269,268 305,527

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 269,266 305,525
269,268 305,527

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

NL REPORTS LIMITED (REGISTERED NUMBER: 06503619)

BALANCE SHEET - continued
28 FEBRUARY 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 Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by:





Dr N L Fraser - Director


NL REPORTS LIMITED (REGISTERED NUMBER: 06503619)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

NL REPORTS LIMITED 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

NL REPORTS LIMITED (REGISTERED NUMBER: 06503619)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2022 44,951 59,364 104,315
Additions 6,406 - 6,406
Disposals - (6,000 ) (6,000 )
At 28 February 2023 51,357 53,364 104,721
DEPRECIATION
At 1 March 2022 9,052 53,317 62,369
Charge for year 8,990 2,114 11,104
Eliminated on disposal - (6,000 ) (6,000 )
At 28 February 2023 18,042 49,431 67,473
NET BOOK VALUE
At 28 February 2023 33,315 3,933 37,248
At 28 February 2022 35,899 6,047 41,946

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 64,337 11,375
Amounts owed by associates 43,450 44,181
107,787 55,556

NL REPORTS LIMITED (REGISTERED NUMBER: 06503619)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 3,652 4,470
Tax 15,843 40,256
Social security and other taxes 7,277 -
VAT 21,923 24,456
Directors' current accounts 6,338 2,017
Accruals and deferred income 20,347 18,380
75,380 89,579

7. RELATED PARTY DISCLOSURES

Included within creditors , is a director's loan account owed to the directors in the sum of £6,338 (2022:
£2,016) .Loan from directors are interest free and repayable on demand.

The Company has advanced funds to Roger Atkins Medical Limited, a company in which Dr Fraser and Professor Atkins have an interest . The advance is interest free and repayable on demand. The amount
owed to the company at 28.02.2023 was £43,450 (2022- £44,181)

8. ULTIMATE CONTROLLING PARTY

The company is under control of its directors.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
NL REPORTS LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of NL REPORTS LIMITED for the year ended 28 February 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of NL REPORTS LIMITED, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of NL REPORTS LIMITED and state those matters that we have agreed to state to the Board of Directors of NL REPORTS LIMITED, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NL REPORTS LIMITED and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that NL REPORTS LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of NL REPORTS LIMITED. You consider that NL REPORTS LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of NL REPORTS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






PJE Chartered Accountants
2 Oakfield Road
Clifton
Bristol
BS8 2AL



CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
NL REPORTS LIMITED


28 November 2023