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Company Registration No. 08406248 (England and Wales)
NYALA TECHNOLOGY SOLUTIONS LTD Unaudited accounts for the year ended 29 February 2024
NYALA TECHNOLOGY SOLUTIONS LTD Unaudited accounts Contents
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NYALA TECHNOLOGY SOLUTIONS LTD Company Information for the year ended 29 February 2024
Director
Mozafar Ali
Company Number
08406248 (England and Wales)
Registered Office
54 WINCHESTER ROAD FELTHAM TW13 5PD ENGLAND
Accountants
Callan Accountancy 21 - 23 Woodside Place Glasgow G3 7QF
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NYALA TECHNOLOGY SOLUTIONS LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
382 
765 
Current assets
Debtors
7,936 
- 
Cash at bank and in hand
21,103 
30,180 
29,039 
30,180 
Creditors: amounts falling due within one year
5,369 
20,544 
Net current assets
34,408 
50,724 
Net assets
34,790 
51,489 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
34,789 
51,488 
Shareholders' funds
34,790 
51,489 
For the year ending 29 February 2024 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 14 October 2024 and were signed on its behalf by
Mozafar Ali Director Company Registration No. 08406248
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NYALA TECHNOLOGY SOLUTIONS LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
NYALA TECHNOLOGY SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 08406248. The registered office is 54 WINCHESTER ROAD, FELTHAM, TW13 5PD, 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 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:
Computer equipment
33.33% on cost
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
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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NYALA TECHNOLOGY SOLUTIONS LTD Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 March 2023
2,989 
At 29 February 2024
2,989 
Depreciation
At 1 March 2023
2,224 
Charge for the year
383 
At 29 February 2024
2,607 
Net book value
At 29 February 2024
382 
At 28 February 2023
765 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,936 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
(289)
Taxes and social security
15,726 
12,951 
Loans from directors
(21,095)
(34,706)
Accruals
- 
1,500 
(5,369)
(20,544)
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mozafar Ali
Loan to Director
34,706 
74,470 
88,081 
21,095 
34,706 
74,470 
88,081 
21,095 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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