3 false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 14,178 22,834 37,012 12,337 12,337 24,675 14,178 1,619 2,358 3,977 300 930 1,230 2,747 1,319 xbrli:pure xbrli:shares iso4217:GBP 09812608 2022-04-01 2023-03-31 09812608 2023-03-31 09812608 2022-03-31 09812608 2021-04-01 2022-03-31 09812608 2022-03-31 09812608 core:PatentsTrademarksLicencesConcessionsSimilar 2022-04-01 2023-03-31 09812608 core:FurnitureFittings 2022-04-01 2023-03-31 09812608 bus:Director1 2022-04-01 2023-03-31 09812608 core:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 09812608 core:FurnitureFittings 2022-03-31 09812608 core:FurnitureFittings 2023-03-31 09812608 core:WithinOneYear 2023-03-31 09812608 core:WithinOneYear 2022-03-31 09812608 core:ShareCapital 2023-03-31 09812608 core:ShareCapital 2022-03-31 09812608 core:RetainedEarningsAccumulatedLosses 2023-03-31 09812608 core:RetainedEarningsAccumulatedLosses 2022-03-31 09812608 core:PatentsTrademarksLicencesConcessionsSimilar 2022-03-31 09812608 core:PatentsTrademarksLicencesConcessionsSimilar 2022-03-31 09812608 core:FurnitureFittings 2022-03-31 09812608 bus:SmallEntities 2022-04-01 2023-03-31 09812608 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 09812608 bus:FullAccounts 2022-04-01 2023-03-31 09812608 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 09812608 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
COMPANY REGISTRATION NUMBER: 09812608
Naljets Ltd
Filleted Unaudited Financial Statements
31 March 2023
Naljets Ltd
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
Fixed assets
Intangible assets
5
24,675
14,178
Tangible assets
6
2,747
1,319
--------
--------
27,422
15,497
Current assets
Debtors
7
251,707
103,493
Cash at bank and in hand
87,300
82,460
---------
---------
339,007
185,953
Creditors: amounts falling due within one year
8
263,282
151,693
---------
---------
Net current assets
75,725
34,260
---------
--------
Total assets less current liabilities
103,147
49,757
---------
--------
Net assets
103,147
49,757
---------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
103,047
49,657
---------
--------
Shareholder funds
103,147
49,757
---------
--------
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 income and retained earnings has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The member has 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 .
Naljets Ltd
Statement of Financial Position (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 21 December 2023 , and are signed on behalf of the board by:
C M McLeod
Director
Company registration number: 09812608
Naljets Ltd
Notes to the Financial Statements
Year ended 31 March 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 Southside Newcastle Airport, Woolsington, Newcastle upon Tyne, NE13 8BT, England.
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. The financial statements are prepared in sterling, which is the functional currency of the entity, rounded to the nearest £1.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Patents, trademarks and licences
-
33% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:
Fixtures and fittings
-
33% straight line
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
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2022: 2 ).
5. Intangible assets
Patents, trademarks and licences
£
Cost
At 1 April 2022
14,178
Additions
22,834
--------
At 31 March 2023
37,012
--------
Amortisation
Charge for the year
12,337
--------
At 31 March 2023
12,337
--------
Carrying amount
At 31 March 2023
24,675
--------
At 31 March 2022
14,178
--------
6. Tangible assets
Fixtures and fittings
£
Cost
At 1 April 2022
1,619
Additions
2,358
-------
At 31 March 2023
3,977
-------
Depreciation
At 1 April 2022
300
Charge for the year
930
-------
At 31 March 2023
1,230
-------
Carrying amount
At 31 March 2023
2,747
-------
At 31 March 2022
1,319
-------
7. Debtors
2023
2022
£
£
Trade debtors
65,926
41,732
Other debtors
185,781
61,761
---------
---------
251,707
103,493
---------
---------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
154,103
83,915
Social security and other taxes
23,153
9,998
Other creditors
86,026
57,780
---------
---------
263,282
151,693
---------
---------