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Registered number: 08737130









NODDINGTON TECHNOLOGIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023







 
NODDINGTON TECHNOLOGIES LIMITED
REGISTERED NUMBER: 08737130

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
$
$

  

Current assets
  

Debtors: amounts falling due within one year
 4 
4,427,568
3,608,479

Cash at bank and in hand
 5 
335,420
2,146,585

  
4,762,988
5,755,064

Creditors: amounts falling due within one year
 6 
(3,599,833)
(5,035,229)

Net current assets
  
 
 
1,163,155
 
 
719,835

Total assets less current liabilities
  
1,163,155
719,835

Creditors: amounts falling due after more than one year
 7 
(459,764)
-

  

Net assets
  
703,391
719,835


Capital and reserves
  

Called up share capital 
 9 
3
3

Profit and loss account
  
703,388
719,832

  
703,391
719,835


Page 1

 
NODDINGTON TECHNOLOGIES LIMITED
REGISTERED NUMBER: 08737130
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




E Morozova
Director

Date: 16 September 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
NODDINGTON TECHNOLOGIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The legal form of the entity is a private company limited by shares and is incorporated in England and Wales (Registered no 08737130). The company's registered office address is Aviation House,125 Kingsway, London,England, WC2B 6NH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. As a result, the director considers it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
NODDINGTON TECHNOLOGIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 
NODDINGTON TECHNOLOGIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Debtors

2023
2022
$
$

Trade debtors
2,617,448
133,655

Other debtors
639,296
3,328,120

Called up share capital not paid
3
3

Prepayments and accrued income
1,170,821
146,701

4,427,568
3,608,479



5.


Cash and cash equivalents

2023
2022
$
$

Cash at bank and in hand
335,420
2,146,585

335,420
2,146,585



6.


Creditors: Amounts falling due within one year

2023
2022
$
$

Trade creditors
279,376
390,827

Corporation tax
-
32,855

Other taxation and social security
4,366
4,961

Other creditors
1,355,868
4,421,070

Accruals and deferred income
1,960,223
185,516

3,599,833
5,035,229



7.


Creditors: Amounts falling due after more than one year

2023
2022
$
$

Other loans
459,764
-

459,764
-


Page 5

 
NODDINGTON TECHNOLOGIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
$
$


Amounts falling due 1-2 years

Other loans
300,000
-


300,000
-

Amounts falling due 2-5 years

Other loans
159,764
-


159,764
-


459,764
-



9.


Share capital

2023
2022
$
$
Allotted, called up and fully paid



3 (2022 - 3) Ordinary shares of $1.00 each
3
3


Page 6