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Company Registration No. NI650543 (Northern Ireland)
Nulok Global UK Ltd Unaudited accounts for the year ended 31 August 2024
Nulok Global UK Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,126 
3,907 
Current assets
Inventories
143,392 
140,262 
Debtors
136,114 
291,531 
Cash at bank and in hand
41,764 
3,688 
321,270 
435,481 
Creditors: amounts falling due within one year
(31,332)
(105,408)
Net current assets
289,938 
330,073 
Net assets
293,064 
333,980 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
293,063 
333,979 
Shareholders' funds
293,064 
333,980 
For the year ending 31 August 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 28 January 2025 and were signed on its behalf by
Randal Stevenson Director Company Registration No. NI650543
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Nulok Global UK Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Nulok Global UK Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI650543. The registered office is 15 Duke Street, Ballymena, Antrim, BT43 6BL.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Reducing Balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of roofing products is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of roofing services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Going concern
The director believes that the company Nulok Global UK Ltd has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in preparation of its financial statements.
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Nulok Global UK Ltd Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 September 2023
7,631 
At 31 August 2024
7,631 
Depreciation
At 1 September 2023
3,724 
Charge for the year
781 
At 31 August 2024
4,505 
Net book value
At 31 August 2024
3,126 
At 31 August 2023
3,907 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
3,694 
- 
Trade debtors
114,765 
280,717 
Accrued income and prepayments
- 
814 
Other debtors
17,655 
10,000 
136,114 
291,531 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
15,241 
25,299 
VAT
- 
10,302 
Trade creditors
15,765 
53,183 
Taxes and social security
326 
16,624 
31,332 
105,408 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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