NGXESS UK (Private) Limited 14673122 false 2023-02-18 2024-02-28 2024-02-28 The principal activity of the company is IT retail. Digita Accounts Production Advanced 6.30.9574.0 true false true 14673122 2023-02-18 2024-02-28 14673122 2024-02-28 14673122 core:RetainedEarningsAccumulatedLosses 2024-02-28 14673122 core:ShareCapital 2024-02-28 14673122 core:CurrentFinancialInstruments 2024-02-28 14673122 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-28 14673122 bus:SmallEntities 2023-02-18 2024-02-28 14673122 bus:AuditExemptWithAccountantsReport 2023-02-18 2024-02-28 14673122 bus:FullAccounts 2023-02-18 2024-02-28 14673122 bus:SmallCompaniesRegimeForAccounts 2023-02-18 2024-02-28 14673122 bus:RegisteredOffice 2023-02-18 2024-02-28 14673122 bus:Director1 2023-02-18 2024-02-28 14673122 bus:PrivateLimitedCompanyLtd 2023-02-18 2024-02-28 14673122 1 2023-02-18 2024-02-28 14673122 countries:EnglandWales 2023-02-18 2024-02-28 iso4217:GBP xbrli:pure

Registration number: 14673122

NGXESS UK (Private) Limited

Unaudited Financial Statements

for the Period from 18 February 2023 to 28 February 2024

 

NGXESS UK (Private) Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 3

 

NGXESS UK (Private) Limited

(Registration number: 14673122)
Balance Sheet as at 28 February 2024

Note

2024
£

Current assets

 

Debtors

4

9,101

Cash at bank and in hand

 

2,876

 

11,977

Creditors: Amounts falling due within one year

5

(23,381)

Net liabilities

 

(11,404)

Capital and reserves

 

Called up share capital

1,000

Retained earnings

(12,404)

Shareholders' deficit

 

(11,404)

For the financial period ending 28 February 2024 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 prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 3 November 2024
 

.........................................
Mr P Selvarasa
Director

 

NGXESS UK (Private) Limited

Notes to the Unaudited Financial Statements for the Period from 18 February 2023 to 28 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

2

Accounting policies

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through funds provided by the directors. The directors consider that these facilities will continue to be made available to the company. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

NGXESS UK (Private) Limited

Notes to the Unaudited Financial Statements for the Period from 18 February 2023 to 28 February 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

3

Staff numbers

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

4

Debtors

Current

2024
£

Trade debtors

7,260

Prepayments

278

Other debtors

1,563

 

9,101

5

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Taxation and social security

2,614

Accruals and deferred income

873

Other creditors

19,894

23,381

6

Parent and ultimate parent undertaking

The company's immediate parent is NGXESS (Private) Limited, incorporated in Sri Lanka.
 
The registered address of NGXESS (Private) Limited is Level 6 East Tower, World Trade Center, Colombo, Sri Lanka, 01000.