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Company Registration No. 13021978 (England and Wales)
Nembangs Ltd Unaudited accounts for the year ended 31 March 2024
Nembangs Ltd Unaudited accounts Contents
Page
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Nembangs Ltd Company Information for the year ended 31 March 2024
Director
Surya Kumar Nembang
Company Number
13021978 (England and Wales)
Registered Office
7 Gossage Road Uxbridge Middlesex UB10 0RJ United Kingdom
Accountants
Lucent Accounting 4 Dorset Way Uxbridge UB10 0JR
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Nembangs Ltd Accountants' report
Accountants' report to the director of Nembangs Ltd (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 March 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 March 2024. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Lucent Accounting 4 Dorset Way Uxbridge UB10 0JR 31 October 2024
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Nembangs Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,383 
1,751 
Current assets
Debtors
27,570 
21,500 
Cash at bank and in hand
33,480 
1,104 
61,050 
22,604 
Creditors: amounts falling due within one year
(22,443)
(14,451)
Net current assets
38,607 
8,153 
Net assets
40,990 
9,904 
Capital and reserves
Called up share capital
100 
1 
Profit and loss account
40,890 
9,903 
Shareholders' funds
40,990 
9,904 
For the year ending 31 March 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 31 October 2024 and were signed on its behalf by
Surya Kumar Nembang Director Company Registration No. 13021978
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Nembangs Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Nembangs Ltd is a private company, limited by shares, registered in England and Wales, registration number 13021978. The registered office is 7 Gossage Road, Uxbridge, Middlesex, UB10 0RJ, United Kingdom.
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 for services rendered, net of discounts and Value Added Tax.
Corporation tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible assets are initially recorded at cost and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life.
Computer equipment
Straight line over four years
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited directly to equity.
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Nembangs Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
2,699 
Additions
1,743 
At 31 March 2024
4,442 
Depreciation
At 1 April 2023
948 
Charge for the year
1,111 
At 31 March 2024
2,059 
Net book value
At 31 March 2024
2,383 
At 31 March 2023
1,751 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
27,570 
21,500 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
8,570 
394 
Loans from directors
11,683 
12,307 
Accruals
2,190 
1,750 
22,443 
14,451 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Surya Kumar Nembang
Director loan
(12,307)
625 
- 
(11,682)
(12,307)
625 
- 
(11,682)
During the year, the company owes £11,682 ( 2023: £12,307) to the director of the company which is included in director loan account. There are no interest or repayment terms attached to this funding.
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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