Narcolytical Ltd 07041229 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is calibration services and supplies Digita Accounts Production Advanced 6.30.9574.0 true true 07041229 2023-01-01 2023-12-31 07041229 2023-12-31 07041229 core:CurrentFinancialInstruments 2023-12-31 07041229 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 07041229 bus:SmallEntities 2023-01-01 2023-12-31 07041229 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 07041229 bus:FullAccounts 2023-01-01 2023-12-31 07041229 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07041229 bus:RegisteredOffice 2023-01-01 2023-12-31 07041229 bus:Director1 2023-01-01 2023-12-31 07041229 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07041229 countries:AllCountries 2023-01-01 2023-12-31 07041229 2022-01-01 2022-12-31 07041229 2022-12-31 07041229 core:CurrentFinancialInstruments 2022-12-31 07041229 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 07041229

Narcolytical Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Narcolytical Ltd

Contents

Company Information

1

Statement of Comprehensive Income

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 5

 

Narcolytical Ltd

Company Information

Director

Paul Kentish

Registered office

18 Tamar Close
Bere Alston
Yelverton
Devon
PL20 7HF

Accountants

Gibbs & Co Chartered Accountants
18 Tamar Close
Bere Alston
Yelverton
Devon
PL20 7HF

 

Narcolytical Ltd

Statement of Comprehensive Income for the Year Ended 31 December 2023

2023
£

2022
£

Loss for the year

(13,512)

(1,446)

Total comprehensive income for the year

(13,512)

(1,446)

 

Narcolytical Ltd

(Registration number: 07041229)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

5,812

19,488

Cash at bank and in hand

 

2,434

501

 

8,246

19,989

Creditors: Amounts falling due within one year

(18,541)

(16,772)

Net (liabilities)/assets

 

(10,295)

3,217

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(10,395)

3,117

Shareholders' (deficit)/funds

 

(10,295)

3,217

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 18 April 2024
 

.........................................
Paul Kentish
Director

 

Narcolytical Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
18 Tamar Close
Bere Alston
Yelverton
Devon
PL20 7HF

These financial statements were authorised for issue by the director on 18 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Narcolytical Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).