Company Registration No. NI641927 (Northern Ireland)
Naree NI Ltd
Unaudited accounts
for the year ended 31 May 2024
Naree NI Ltd
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
1,531
1,556
Creditors: amounts falling due within one year
(18,902)
(21,361)
Net current liabilities
(4,121)
(4,055)
Net liabilities
(4,121)
(4,055)
Called up share capital
1
1
Profit and loss account
(4,122)
(4,056)
Shareholders' funds
(4,121)
(4,055)
For the year ending 31 May 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 19 February 2025 and were signed on its behalf by
Namita Khanna
Director
Company Registration No. NI641927
Naree NI Ltd
Notes to the Accounts
for the year ended 31 May 2024
Naree NI Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI641927. The registered office is 15 Duke Street, Ballymena, Co.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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and can be measured reliably. Revenue from the sale of woven is recognised when all the following conditions are satisfied, the company has transferred to the buyer the significant risks and rewards of ownership of the goods; the amount of revenue can be measured reliably; it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
The director believes that the company Woven Riches Limited 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.
4
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,540
3,540
Taxes and social security
-
210
Loans from directors
14,162
17,611
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).