Company Registration No. 12978076 (England and Wales)
NTL International Limited
Unaudited accounts
for the year ended 31 October 2023
NTL International Limited
Unaudited accounts
Contents
NTL International Limited
Company Information
for the year ended 31 October 2023
Company Number
12978076 (England and Wales)
Registered Office
Unit A/B, 100 Albert Road
London
London
N22 7AH
England
Accountants
Solid Ltd
Eagle House
163 City Road
London
EC1V 1NR
NTL International Limited
Statement of financial position
as at 31 October 2023
Tangible assets
4,178
2,649
Inventories
79,670
198,305
Cash at bank and in hand
162,674
633
Creditors: amounts falling due within one year
(134,626)
(354,483)
Net current assets
117,042
239,510
Net assets
121,220
242,159
Called up share capital
30
30
Profit and loss account
121,190
242,129
Shareholders' funds
121,220
242,159
For the year ending 31 October 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 30 July 2024 and were signed on its behalf by
Florent Shabani
Director
Company Registration No. 12978076
NTL International Limited
Notes to the Accounts
for the year ended 31 October 2023
NTL International Limited is a private company, limited by shares, registered in England and Wales, registration number 12978076. The registered office is Unit A/B, 100 Albert Road, London, London, N22 7AH, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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:
Fixtures & fittings
3 year straight line
Computer equipment
3 year straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
NTL International Limited
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2022
520
2,919
3,439
At 31 October 2023
926
5,309
6,235
At 1 November 2022
100
690
790
Charge for the year
210
1,057
1,267
At 31 October 2023
310
1,747
2,057
At 31 October 2023
616
3,562
4,178
At 31 October 2022
420
2,229
2,649
Amounts falling due within one year
Trade debtors
4,109
189,263
Accrued income and prepayments
40
203,916
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
72,790
264,704
Taxes and social security
32,593
39,768
Loans from directors
26,825
26,722
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).