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REGISTERED NUMBER: 09057270 (England and Wales)















N V L T Y LTD.

Unaudited Financial Statements for the Year Ended 30 April 2023






N V L T Y LTD. (REGISTERED NUMBER: 09057270)






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




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


N V L T Y LTD.

Company Information
for the year ended 30 April 2023







Directors: J B Hungbo
J R Smith





Registered office: 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ





Registered number: 09057270 (England and Wales)





Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
Office 401, 4th Floor
Birmingham
West Midlands
B3 3AX

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
N V L T Y Ltd.

The following reproduces the text of the report prepared for the directors 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 Directors 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 N V L T Y 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 Board of Directors of N V L T Y Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of N V L T Y Ltd. and state those matters that we have agreed to state to the Board of Directors of N V L T Y Ltd., as a body, 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 N V L T Y Ltd. and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that N V L T Y 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 N V L T Y Ltd.. You consider that N V L T Y 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 N V L T Y 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.






Cooper Parry Advisory Limited
CUBO Birmingham
Office 401, 4th Floor
Birmingham
West Midlands
B3 3AX


14 February 2024

N V L T Y LTD. (REGISTERED NUMBER: 09057270)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 350 -
Tangible assets 5 13,566 10,718
13,916 10,718

Current assets
Stocks 281,497 316,496
Debtors 6 291,495 67,798
Cash at bank and in hand 2,201,083 1,134,635
2,774,075 1,518,929
Creditors
Amounts falling due within one year 7 1,042,636 525,212
Net current assets 1,731,439 993,717
Total assets less current liabilities 1,745,355 1,004,435

Creditors
Amounts falling due after more than one
year

8

-

(32,048

)

Provisions for liabilities (3,392 ) (2,036 )
Net assets 1,741,963 970,351

Capital and reserves
Called up share capital 2 2
Retained earnings 1,741,961 970,349
1,741,963 970,351

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 directors acknowledge their 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.

N V L T Y LTD. (REGISTERED NUMBER: 09057270)

Balance Sheet - continued
30 April 2023


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 Board of Directors and authorised for issue on 14 February 2024 and were signed on its behalf by:





J B Hungbo - Director


N V L T Y LTD. (REGISTERED NUMBER: 09057270)

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

1. Statutory information

N V L T Y 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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 - 25% on cost
Computer equipment - 25% on cost

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.

3. Employees and directors

The average number of employees during the year was 10 (2022 - 9 ) .

N V L T Y LTD. (REGISTERED NUMBER: 09057270)

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

4. Intangible fixed assets
Other
intangible
assets
£   
Cost
Additions 350
At 30 April 2023 350
Net book value
At 30 April 2023 350

5. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 May 2022 18,943
Additions 8,073
At 30 April 2023 27,016
Depreciation
At 1 May 2022 8,225
Charge for year 5,225
At 30 April 2023 13,450
Net book value
At 30 April 2023 13,566
At 30 April 2022 10,718

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 84,014 61,798
Other debtors 207,481 6,000
291,495 67,798

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 105,163 126,867
Taxation and social security 581,581 318,022
Other creditors 355,892 80,323
1,042,636 525,212

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Other creditors - 32,048

N V L T Y LTD. (REGISTERED NUMBER: 09057270)

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

9. Directors' advances, credits and guarantees

During the year, the company made interest-free advances to the directors amounting to £204,877. These were repayable on demand.

10. Related party disclosures

At 31 January 2023 the company had outstanding loans due from the directors of £201,091, included within debtors. The loans are unsecured, interest free and repayable upon demand.