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REGISTERED NUMBER: 10907445 (England and Wales)















Financial Statements for the Year Ended 31 January 2024

for

Nar London Limited

Nar London Limited (Registered number: 10907445)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nar London Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: M C Nardali





REGISTERED OFFICE: 67 Chatsworth Drive
ENFIELD
EN1 1EU





REGISTERED NUMBER: 10907445 (England and Wales)





ACCOUNTANTS: Musalar & Co Accountants
International Accountant &Tax Consultant
FAIA, FFA, FIPA,,FFTA
536 Lordship Lane
London
N22 5BY

Nar London Limited (Registered number: 10907445)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 993 90
Tangible assets 5 36,343 1
37,336 91

CURRENT ASSETS
Stocks 6 181,855 151,355
Debtors 7 11,167 14,579
Cash at bank and in hand 2,238 8,687
195,260 174,621
CREDITORS
Amounts falling due within one year 8 120,346 114,118
NET CURRENT ASSETS 74,914 60,503
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,250

60,594

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 10 111,250 59,594
SHAREHOLDERS' FUNDS 112,250 60,594

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Nar London Limited (Registered number: 10907445)

Balance Sheet - continued
31 January 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 October 2024 and were signed by:





Mrs T Nardali - Director


Nar London Limited (Registered number: 10907445)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Nar London Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being fully amortised in the current year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Nar London Limited (Registered number: 10907445)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2023 100
Additions 1,003
At 31 January 2024 1,103
AMORTISATION
At 1 February 2023 10
Charge for year 100
At 31 January 2024 110
NET BOOK VALUE
At 31 January 2024 993
At 31 January 2023 90

Nar London Limited (Registered number: 10907445)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2023 574 14,620 15,194
Additions 6,167 31,800 37,967
Disposals - (14,620 ) (14,620 )
At 31 January 2024 6,741 31,800 38,541
DEPRECIATION
At 1 February 2023 573 14,620 15,193
Charge for year 1,233 392 1,625
Eliminated on disposal - (14,620 ) (14,620 )
At 31 January 2024 1,806 392 2,198
NET BOOK VALUE
At 31 January 2024 4,935 31,408 36,343
At 31 January 2023 1 - 1

6. STOCKS
31.1.24 31.1.23
£    £   
Stocks 181,855 151,355

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 5,238 12,142
VAT 5,929 2,437
11,167 14,579

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 117,397 110,756
Tax 2,949 3,362
120,346 114,118

9. CALLED UP SHARE CAPITAL

Nar London Limited (Registered number: 10907445)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

10. RESERVES
Retained
earnings
£   

At 1 February 2023 59,594
Profit for the year 51,656
At 31 January 2024 111,250