Asset NDT Ltd 14531802 false 2022-12-09 2023-12-31 2023-12-31 The principal activity of the company is that of non-destructive testing services Digita Accounts Production Advanced 6.30.9574.0 true 14531802 2022-12-09 2023-12-31 14531802 2023-12-31 14531802 core:RetainedEarningsAccumulatedLosses 2023-12-31 14531802 core:ShareCapital 2023-12-31 14531802 core:CurrentFinancialInstruments 2023-12-31 14531802 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 14531802 core:MotorVehicles 2023-12-31 14531802 core:OfficeEquipment 2023-12-31 14531802 core:PlantMachinery 2023-12-31 14531802 bus:SmallEntities 2022-12-09 2023-12-31 14531802 bus:AuditExemptWithAccountantsReport 2022-12-09 2023-12-31 14531802 bus:FullAccounts 2022-12-09 2023-12-31 14531802 bus:SmallCompaniesRegimeForAccounts 2022-12-09 2023-12-31 14531802 bus:Director1 2022-12-09 2023-12-31 14531802 bus:PrivateLimitedCompanyLtd 2022-12-09 2023-12-31 14531802 core:MotorVehicles 2022-12-09 2023-12-31 14531802 core:OfficeEquipment 2022-12-09 2023-12-31 14531802 core:PlantMachinery 2022-12-09 2023-12-31 14531802 countries:AllCountries 2022-12-09 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 14531802

Asset NDT Ltd

Unaudited Financial Statements

for the Period from 9 December 2022 to 31 December 2023

 

Asset NDT Ltd

(Registration number: 14531802)

Balance Sheet as at 31 December 2023

Note

2023
£

Fixed assets

 

Tangible assets

3

39,811

Current assets

 

Debtors

4

11,332

Cash at bank and in hand

 

24,055

 

35,387

Creditors: Amounts falling due within one year

5

(25,596)

Net current assets

 

9,791

Total assets less current liabilities

 

49,602

Provisions for liabilities

(9,953)

Net assets

 

39,649

Capital and reserves

 

Called up share capital

1

Profit and loss account

39,648

Shareholders' funds

 

39,649

For the financial period 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 period 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 delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.

These financial statements, which 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 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 2 September 2024
 

.........................................

Mr R G Graham
Director

 

Asset NDT Ltd

Notes to the Unaudited Financial Statements for the Period from 9 December 2022 to 31 December 2023

1

Accounting policies

Statutory information

Asset NDT Ltd is a private company, limited by shares, domiciled in England and Wales, company number 14531802. The registered office is at 86-90 Paul Street, London, EC2A 4NE.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Revenue is recognised at the point of service delivery.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

 

Asset NDT Ltd

Notes to the Unaudited Financial Statements for the Period from 9 December 2022 to 31 December 2023 (continued)

1

Accounting policies (continued)

Asset class

Depreciation method and rate

Plant and machinery

25% straight line

Office equipment

25% straight line

Motor vehicles

25% straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.
 

2

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

3

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost

Additions

12,400

799

32,500

45,699

At 31 December 2023

12,400

799

32,500

45,699

Depreciation

Charge for the period

1,808

17

4,063

5,888

At 31 December 2023

1,808

17

4,063

5,888

Carrying amount

At 31 December 2023

10,592

782

28,437

39,811

 

Asset NDT Ltd

Notes to the Unaudited Financial Statements for the Period from 9 December 2022 to 31 December 2023 (continued)

4

Debtors

2023
£

Trade debtors

11,021

Prepayments

311

11,332

5

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Taxation and social security

16,329

Accruals and deferred income

2,500

Other creditors

6,364

Director's loan account

403

25,596