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Registered Number: 11775956
England and Wales

 

 

 

NV GLOBAL LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 669    786 
Tangible fixed assets 4 4,306    1,714 
Investments 5 161,425    164,400 
166,400    166,900 
Current assets      
Debtors 14,560    71,714 
Cash at bank and in hand 1,615,435    582,836 
1,629,995    654,550 
Creditors: amount falling due within one year (900,671)   (201,085)
Net current assets 729,324    453,465 
 
Total assets less current liabilities 895,724    620,365 
Creditors: amount falling due after more than one year (223,329)   (233,333)
Provisions for liabilities (729)  
Net assets 671,666    387,032 
 

Capital and reserves
     
Called up share capital 6 100    100 
Profit and loss account 671,566    386,932 
Shareholders' funds 671,666    387,032 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 20 December 2024 and were signed by:


-------------------------------
Neeraj Bajaj
Director
1
General Information
NV GLOBAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11775956, registration address 1st Floor, Wellesley House, 98-102 Cranbrook Road, Ilford, Essex, IG1 4NH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Trade Mark
Trade Mark is stated at cost less amortization. Amortization is calculated on a straight line basis over the estimated expected useful economic life of the Trade Mark of 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average No of Employees Two in current year.
Average number of employees during the year was 2 (2023 : 2).
3.

Intangible fixed assets

Cost Trade Mark   Total
  £   £
At 01 April 2023 1,166    1,166 
Additions  
Disposals  
At 31 March 2024 1,166    1,166 
Amortisation
At 01 April 2023 380    380 
Charge for year 117    117 
On disposals  
At 31 March 2024 497    497 
Net book values
At 31 March 2024 669    669 
At 31 March 2023 786    786 


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 April 2023 183    2,112    2,295 
Additions   3,302    3,302 
Disposals    
At 31 March 2024 183    5,414    5,597 
Depreciation
At 01 April 2023 28    536    564 
Charge for year 45    682    727 
On disposals    
At 31 March 2024 73    1,218    1,291 
Net book values
Closing balance as at 31 March 2024 110    4,196    4,306 
Opening balance as at 01 April 2023 47    1,667    1,714 


5.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 April 2023 161,425    161,425 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 31 March 2024 161,425    161,425 

6.

Share Capital

Authorised
100 Class A shares of £1.00 each
Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

7.

Directors Loan

Director Mr. Neeraj Bajaj has given a loan of £200,000 to the company on 23rd May 2019.
2