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REGISTERED NUMBER: 12689820 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

NATIVE TECHNICAL VENTURES LIMITED

NATIVE TECHNICAL VENTURES LIMITED (REGISTERED NUMBER: 12689820)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NATIVE TECHNICAL VENTURES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: G Wales





REGISTERED OFFICE: The Old Court House
191 High Road
South Woodford
London
E18 2QF





REGISTERED NUMBER: 12689820 (England and Wales)





ACCOUNTANTS: THP Limited
Chartered Accountants
34-40 High Street
Wanstead
London
E11 2RJ

NATIVE TECHNICAL VENTURES LIMITED (REGISTERED NUMBER: 12689820)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,369 3,713

CURRENT ASSETS
Debtors 5 93,494 175,293
Cash at bank and in hand 56,188 44,998
149,682 220,291
CREDITORS
Amounts falling due within one year 6 49,448 126,218
NET CURRENT ASSETS 100,234 94,073
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,603

97,786

PROVISIONS FOR LIABILITIES 2,092 928
NET ASSETS 106,511 96,858

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 106,411 96,758
106,511 96,858

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 1 February 2024 and were signed by:





G Wales - Director


NATIVE TECHNICAL VENTURES LIMITED (REGISTERED NUMBER: 12689820)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Native Technical Ventures 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue recognition
Turnover represents net invoiced sales of goods and services, excluding value added tax. Where a job has only been partially completed at the balance sheet date turnover represents the value of the goods and services provided to date based on a proportion of the total consideration at completion.

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.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Depreciation commences in the month of acquisition.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

NATIVE TECHNICAL VENTURES LIMITED (REGISTERED NUMBER: 12689820)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2022 1,018 3,621 4,639
Additions 1,209 5,542 6,751
At 30 September 2023 2,227 9,163 11,390
DEPRECIATION
At 1 October 2022 102 824 926
Charge for year 177 1,918 2,095
At 30 September 2023 279 2,742 3,021
NET BOOK VALUE
At 30 September 2023 1,948 6,421 8,369
At 30 September 2022 916 2,797 3,713

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 59,093 135,775
Director's current account 8,035 21,929
VAT 9,900 3,392
Prepayments and accrued income 16,466 14,197
93,494 175,293

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Loans and overdrafts 17,766 28,627
Trade creditors 3,097 17,277
Corporation tax 15,188 21,940
Social security and other taxes 5,261 11,597
Other creditors 1 12,041
Accrued expenses 8,135 34,736
49,448 126,218

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Loans and overdrafts 17,766 28,627

The loans and overdrafts are secured by the director's personal guarantee.

NATIVE TECHNICAL VENTURES LIMITED (REGISTERED NUMBER: 12689820)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 September 2023 and the period ended 30 September 2022:

2023 2022
£    £   
G Wales
Balance outstanding at start of year 21,929 -
Amounts advanced 8,035 21,929
Amounts repaid (21,929 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,035 21,929

The above loan was interest free and repaid in February 2024.