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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
Page
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NTL International Limited Company Information for the year ended 31 October 2023
Director
Florent Shabani
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
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NTL International Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,178 
2,649 
Current assets
Inventories
79,670 
198,305 
Debtors
9,324 
395,055 
Cash at bank and in hand
162,674 
633 
251,668 
593,993 
Creditors: amounts falling due within one year
(134,626)
(354,483)
Net current assets
117,042 
239,510 
Net assets
121,220 
242,159 
Capital and reserves
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
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NTL International Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
Financial instruments
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.
Foreign exchange
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.
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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 
Additions
406 
2,390 
2,796 
At 31 October 2023
926 
5,309 
6,235 
Depreciation
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 
Net book value
At 31 October 2023
616 
3,562 
4,178 
At 31 October 2022
420 
2,229 
2,649 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
743 
1,876 
Trade debtors
4,109 
189,263 
Accrued income and prepayments
40 
203,916 
Other debtors
4,432 
- 
9,324 
395,055 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
72,790 
264,704 
Taxes and social security
32,593 
39,768 
Other creditors
1,648 
- 
Loans from directors
26,825 
26,722 
Accruals
770 
23,289 
134,626 
354,483 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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