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Registered Number: 05264408


 

 

 

NADALI LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 November 2022

End date: 31 October 2023
We report on the Accounts for the period 31 October 2020 set on pages 7 to 14.

Respective responsibilities of Directors and the Reporting Accountant.
As described in the Directors Report, they are responsible for the preparation of Accounts and they consider that the Company is exempt from an audit. It is our responsibility to carry out procedures designed to enable us to report our opinion.

Basis of opinion
Our work was conducted in accordance with the Statement of Standard for Reporting Accountants, and so our procedures consisted of comparing the accounts with the accounting records kept by the company and making such limited enquiries of the officers of the company as we considered necessary for the purpose of this report. These procedures provide only the assurance expressed in our opinion.

Opinion
In our opinion:
The accounts are in agreement with the accounting records kept by the company under section 221 of the Companies Act 2006;

Having regard only to, and on the basis, of the information contained in those accounting records;
The accounts have been drawn up in a manner consistent with the accounting requirements specified in section 393 and 396 of the Act; and
The company satisfied the conditions for exemption from an audit of the accounts for the year specified in section 477 of the Act and did not, at any time within that year fall within any of the categories of companies not entitled to the exemption specified in section 478.




....................................................
S RAHEMTULLA & CO
Chartered Certified Accountants
320 Harrow Road
Wembley
HA9 6LL
30 July 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Intangible fixed assets 3 17,500    28,000 
Tangible fixed assets 4 30,416    32,977 
47,916    60,977 
Current assets      
Debtors: amounts falling due within one year 41,196    63,241 
Cash at bank and in hand 481,289    376,447 
522,485    439,688 
Creditors: amount falling due within one year (127,675)   (85,446)
Net current assets 394,810    354,242 
 
Total assets less current liabilities 442,726    415,219 
Creditors: amount falling due after more than one year (26,667)   (36,667)
Net assets 416,059    378,552 
 

Capital and reserves
     
Called up share capital 5 1,000    1,000 
Profit and loss account 415,059    377,552 
Shareholders' funds 416,059    378,552 
 


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

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 30 July 2024 and were signed on its behalf by:


-------------------------------
Altaf Hirji
Director
2
General Information
NADALI LIMITED is a private company, limited by shares, registered in , registration number 05264408, registration address 320 HARROW ROAD, WEMBLEY MIDDLESEX, HA9 6LL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Average number of employees

Average number of employees during the year was 15 (2022 : 13).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 November 2022 70,000    70,000 
Additions  
Disposals  
At 31 October 2023 70,000    70,000 
Amortisation
At 01 November 2022 42,000    42,000 
Charge for year 10,500    10,500 
On disposals  
At 31 October 2023 52,500    52,500 
Net book values
At 31 October 2023 17,500    17,500 
At 31 October 2022 28,000    28,000 


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 01 November 2022 166,162    166,162 
Additions 7,575    7,575 
Disposals  
At 31 October 2023 173,737    173,737 
Depreciation
At 01 November 2022 133,185    133,185 
Charge for year 10,136    10,136 
On disposals  
At 31 October 2023 143,321    143,321 
Net book values
Closing balance as at 31 October 2023 30,416    30,416 
Opening balance as at 01 November 2022 32,977    32,977 


5.

Share Capital

Authorised
1,000 Ordinary shares of £1.00 each
Allotted, called up and fully paid
2023
£
  2022
£
1,000 Ordinary shares of £1.00 each 1,000    1,000 
1,000    1,000 

3