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Company Registration No. NI650543 (Northern Ireland)
Nulok Global UK Ltd Unaudited accounts for the year ended 31 August 2023
Nulok Global UK Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,907 
4,884 
Current assets
Inventories
140,262 
118,836 
Debtors
291,531 
212,716 
Cash at bank and in hand
3,688 
33,715 
435,481 
365,267 
Creditors: amounts falling due within one year
(105,408)
(86,936)
Net current assets
330,073 
278,331 
Net assets
333,980 
283,215 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
333,979 
283,214 
Shareholders' funds
333,980 
283,215 
For the year ending 31 August 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 director acknowledges his 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 and authorised for issue on 31 January 2024 and were signed on its behalf by
Randal Stevenson Director Company Registration No. NI650543
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Nulok Global UK Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Nulok Global UK Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI650543. The registered office is 15 Duke Street, Ballymena, Antrim, BT43 6BL.
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:
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Going concern
The director believes that the company Nulock Global Ltd has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in preparation of its financial statements.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 September 2022
7,631 
At 31 August 2023
7,631 
Depreciation
At 1 September 2022
2,747 
Charge for the year
977 
At 31 August 2023
3,724 
Net book value
At 31 August 2023
3,907 
At 31 August 2022
4,884 
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Nulok Global UK Ltd Notes to the Accounts for the year ended 31 August 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
280,717 
202,716 
Accrued income and prepayments
814 
- 
Other debtors
10,000 
10,000 
291,531 
212,716 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
25,299 
36,117 
VAT
10,302 
2,189 
Trade creditors
53,183 
48,630 
Taxes and social security
16,624 
- 
105,408 
86,936 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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