NUGELATO LTD

Company Registration Number:
NI629593 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

NUGELATO LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

NUGELATO LTD

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 492,224 545,505
Investments: 4 100 100
Total fixed assets: 492,324 545,605
Current assets
Stocks: 12,500 20,000
Debtors:   295,882 238,209
Cash at bank and in hand: 425,824 341,359
Total current assets: 734,206 599,568
Creditors: amounts falling due within one year:   (225,458) (208,164)
Net current assets (liabilities): 508,748 391,404
Total assets less current liabilities: 1,001,072 937,009
Total net assets (liabilities): 1,001,072 937,009
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 1,001,071 937,008
Shareholders funds: 1,001,072 937,009

The notes form part of these financial statements

NUGELATO LTD

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 04 November 2024
and signed on behalf of the board by:

Name: Michael Nugent
Status: Director

The notes form part of these financial statements

NUGELATO LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

NUGELATO LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 41 62

NUGELATO LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 805,478
Additions 5,640
At 31 March 2024 811,118
Depreciation
At 01 April 2023 259,973
Charge for year 58,921
At 31 March 2024 318,894
Net book value
At 31 March 2024 492,224
At 31 March 2023 545,505

NUGELATO LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Fixed investments

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Freehold 4% Straight line Plant & Machinery 25% Straight line Fixtures & Fittings 25% Straight line