0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 2,948 2,421 5,369 184 1,244 1,428 3,941 2,764 xbrli:pure xbrli:shares iso4217:GBP 13449704 2022-07-01 2023-06-30 13449704 2023-06-30 13449704 2022-06-30 13449704 2021-06-11 2022-06-30 13449704 2022-06-30 13449704 2021-06-10 13449704 bus:Director1 2022-07-01 2023-06-30 13449704 bus:Director2 2022-07-01 2023-06-30 13449704 bus:Director3 2022-07-01 2023-06-30 13449704 core:WithinOneYear 2023-06-30 13449704 core:WithinOneYear 2022-06-30 13449704 core:ShareCapital 2023-06-30 13449704 core:ShareCapital 2022-06-30 13449704 core:SharePremium 2023-06-30 13449704 core:SharePremium 2022-06-30 13449704 core:RetainedEarningsAccumulatedLosses 2023-06-30 13449704 core:RetainedEarningsAccumulatedLosses 2022-06-30 13449704 bus:SmallEntities 2022-07-01 2023-06-30 13449704 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 13449704 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 13449704 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 13449704 bus:FullAccounts 2022-07-01 2023-06-30 13449704 core:OfficeEquipment 2022-07-01 2023-06-30 13449704 core:OfficeEquipment 2022-06-30 13449704 core:OfficeEquipment 2023-06-30
COMPANY REGISTRATION NUMBER: 13449704
Noforeignland Ltd
Filleted Unaudited Financial Statements
30 June 2023
Noforeignland Ltd
Financial Statements
Year ended 30 June 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Noforeignland Ltd
Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
6
3,941
2,764
Current assets
Cash at bank and in hand
40,127
51,255
Creditors: amounts falling due within one year
7
1,621
2,820
--------
--------
Net current assets
38,506
48,435
--------
--------
Total assets less current liabilities
42,447
51,199
--------
--------
Net assets
42,447
51,199
--------
--------
Capital and reserves
Called up share capital
1,073
1,073
Share premium account
74,197
74,197
Profit and loss account
( 32,823)
( 24,071)
--------
--------
Shareholders funds
42,447
51,199
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Noforeignland Ltd
Statement of Financial Position (continued)
30 June 2023
These financial statements were approved by the board of directors and authorised for issue on 2 April 2024 , and are signed on behalf of the board by:
Mr J P Andrys
Dr S Neal
Director
Director
Ms H M Serrado Assis
Director
Company registration number: 13449704
Noforeignland Ltd
Notes to the Financial Statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Share capital
At the period end, the company had 107,282 £0.01 shares in issue at par giving a share capital total at £1,072.82. The accounts have been prepared with a rounding factor, meaning the balance sheet shows the share capital at £1,073.
5. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2022: 3).
6. Tangible assets
Equipment
£
Cost
At 1 July 2022
2,948
Additions
2,421
-------
At 30 June 2023
5,369
-------
Depreciation
At 1 July 2022
184
Charge for the year
1,244
-------
At 30 June 2023
1,428
-------
Carrying amount
At 30 June 2023
3,941
-------
At 30 June 2022
2,764
-------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
421
Other creditors
1,200
2,820
-------
-------
1,621
2,820
-------
-------