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REGISTERED NUMBER: 09133376 (England and Wales)















NG Acle Ltd

Unaudited Financial Statements

for the year ended

30 April 2023






NG Acle Ltd (Registered number: 09133376)

Contents of the Financial Statements
for the year ended 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5

Chartered Accountants' Report 6

NG Acle Ltd

Company Information
for the year ended 30 April 2023







DIRECTOR: N R Gurney





REGISTERED OFFICE: Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY





REGISTERED NUMBER: 09133376 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY

NG Acle Ltd (Registered number: 09133376)

Balance Sheet
30 April 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,496 2,159

CURRENT ASSETS
Stocks 8,150 7,832
Debtors 5 151,737 141,836
Cash at bank 13,345 25,862
173,232 175,530
CREDITORS
Amounts falling due within one year 6 (16,980 ) (22,734 )
NET CURRENT ASSETS 156,252 152,796
TOTAL ASSETS LESS CURRENT LIABILITIES 159,748 154,955

CREDITORS
Amounts falling due after more than one year 7 (29,294 ) (30,410 )

PROVISIONS FOR LIABILITIES (664 ) (410 )
NET ASSETS 129,790 124,135

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 129,690 124,035
SHAREHOLDERS' FUNDS 129,790 124,135

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 22 November 2023 and were signed by:





N R Gurney - Director


NG Acle Ltd (Registered number: 09133376)

Notes to the Financial Statements
for the year ended 30 April 2023


1. STATUTORY INFORMATION

NG Acle Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2022 - 3 ) .

NG Acle Ltd (Registered number: 09133376)

Notes to the Financial Statements - continued
for the year ended 30 April 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2022 775 4,740 5,515
Additions - 2,355 2,355
At 30 April 2023 775 7,095 7,870
DEPRECIATION
At 1 May 2022 472 2,884 3,356
Charge for year 46 972 1,018
At 30 April 2023 518 3,856 4,374
NET BOOK VALUE
At 30 April 2023 257 3,239 3,496
At 30 April 2022 303 1,856 2,159

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 1,394 1,262
Amounts owed by associates 12,885 2,885
14,279 4,147

Amounts falling due after more than one year:
Amounts owed by associates 137,458 137,689

Aggregate amounts 151,737 141,836

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,235 8,853
Trade creditors 1,026 549
Taxation and social security 9,489 11,750
Other creditors 2,230 1,582
16,980 22,734

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 29,294 30,410

NG Acle Ltd (Registered number: 09133376)

Notes to the Financial Statements - continued
for the year ended 30 April 2023


8. RELATED PARTY DISCLOSURES

Included in creditors is £811 (2022: £499) payable to the director. This is interest free and there are no fixed repayment terms.

Included in debtors is £12,885 (2022: £2,885) repayable by NG Thunder Lane Ltd, a company in which the director has a majority shareholding. This is interest free and there are no fixed repayment terms.

Included in debtors is £137,458 (2022: £137,458) repayable by NG Properties (Norfolk) Ltd, a company in which the director has a majority shareholding. This is interest free and there are no fixed repayment terms.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
NG Acle Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of NG Acle Ltd for the year ended 30 April 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of NG Acle Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of NG Acle Ltd and state those matters that we have agreed to state to the director of NG Acle Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NG Acle Ltd and its director for our work or for this report.

It is your duty to ensure that NG Acle Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of NG Acle Ltd. You consider that NG Acle Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of NG Acle Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
Chartered Accountants
Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY


22 November 2023