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Company Registration No. 13281620 (England and Wales)
Napo Limited Unaudited accounts for the year ended 31 December 2023
Napo Limited Unaudited accounts Contents
Page
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Napo Limited Company Information for the year ended 31 December 2023
Directors
Philippe Azoulay Jean-Philippe Michel Doumeng Guy Ward Thomas Jenny Qing Xin Jieyu Liu
Company Number
13281620 (England and Wales)
Registered Office
2 JUBILEE PLACE LONDON SW3 3TQ UNITED KINGDOM
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Napo Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
114,652 
83,825 
Current assets
Debtors
11,032,961 
5,020,056 
Cash at bank and in hand
7,877,682 
11,939,964 
18,910,643 
16,960,020 
Creditors: amounts falling due within one year
(8,769,307)
(3,786,569)
Net current assets
10,141,336 
13,173,451 
Total assets less current liabilities
10,255,988 
13,257,276 
Creditors: amounts falling due after more than one year
(4,231,130)
(1,516,910)
Provisions for liabilities
Other provisions
(551,226)
- 
Net assets
5,473,632 
11,740,366 
Capital and reserves
Called up share capital
1,821 
1,792 
Share premium
17,541,489 
17,398,590 
Profit and loss account
(12,069,678)
(5,660,016)
Shareholders' funds
5,473,632 
11,740,366 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 March 2024 and were signed on its behalf by
Jean-Philippe Michel Doumeng Director Company Registration No. 13281620
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Napo Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Napo Limited is a private company, limited by shares, registered in England and Wales, registration number 13281620. The registered office is 2 JUBILEE PLACE, LONDON, SW3 3TQ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% per annum
Share based remuneration
The Company operates an equity-settled share based remuneration scheme for its employees. All employees are eligible to participate in the long term incentive scheme. The only vesting condition is that the individual remains an employee of the Company for the term set in their agreement. Of the total number of options outstanding at the end of the year 1,255,548 (2022: 42,593) had vested at the end of the year with a weighted average exercise price of £0.04 (2022: £1.37). The options can be exercised during an exit event. The Company is unable to directly measure the fair value of employee services remunerated via share option schemes and so have used the Black-Scholes option pricing model to determine the fair value of the instruments awarded.
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Napo Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
2,889 
109,424 
112,313 
Additions
23,439 
62,884 
86,323 
At 31 December 2023
26,328 
172,308 
198,636 
Depreciation
At 1 January 2023
1,260 
27,228 
28,488 
Charge for the year
7,112 
48,384 
55,496 
At 31 December 2023
8,372 
75,612 
83,984 
Net book value
At 31 December 2023
17,956 
96,696 
114,652 
At 31 December 2022
1,629 
82,196 
83,825 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
10,446,745 
4,220,756 
Accrued income and prepayments
361,214 
463,947 
Other debtors
225,002 
335,353 
11,032,961 
5,020,056 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
8,201,638 
3,331,381 
Taxes and social security
150,279 
132,496 
Other creditors
311,342 
154,747 
Accruals
106,048 
167,945 
8,769,307 
3,786,569 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Trade creditors
4,231,130 
1,516,910 
8
Average number of employees
During the year the average number of employees was 60 (2022: 30).
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