Registered number
09899091
Npire Digital Ltd
Filleted Accounts
31 December 2023
Npire Digital Ltd
Registered number: 09899091
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 931 18,000
Cash at bank and in hand 1,294 781
2,225 18,781
Creditors: amounts falling due within one year 4 (542) (5,360)
Net current assets 1,683 13,421
Net assets 1,683 13,421
Capital and reserves
Called up share capital 1 1
Profit and loss account 1,682 13,420
Shareholder's funds 1,683 13,421
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Nitin Solanki
Director
Approved by the board on 12 September 2024
Npire Digital Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2023 2022
£ £
Trade debtors 500 18,000
Other debtors 431 -
931 18,000
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs - 3,090
Other creditors 542 2,270
542 5,360
5 Controlling party
The ultimate controlling party is Nitin Solanki, who owns 100% of the company's shareholding.
6 Other information
Npire Digital Ltd is a private company limited by shares and incorporated in England. Its registered office is:
128 City Road
London
EC1V 2NX
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