NBB Tech Ltd 14192137 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is information technology consultancy Digita Accounts Production Advanced 6.30.9574.0 true 14192137 2023-07-01 2024-06-30 14192137 2024-06-30 14192137 bus:OrdinaryShareClass1 2024-06-30 14192137 bus:OrdinaryShareClass2 2024-06-30 14192137 core:RetainedEarningsAccumulatedLosses 2024-06-30 14192137 core:ShareCapital 2024-06-30 14192137 core:CurrentFinancialInstruments 2024-06-30 14192137 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 14192137 core:FurnitureFittingsToolsEquipment 2024-06-30 14192137 bus:SmallEntities 2023-07-01 2024-06-30 14192137 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 14192137 bus:FilletedAccounts 2023-07-01 2024-06-30 14192137 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 14192137 bus:RegisteredOffice 2023-07-01 2024-06-30 14192137 bus:Director1 2023-07-01 2024-06-30 14192137 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 14192137 bus:OrdinaryShareClass2 2023-07-01 2024-06-30 14192137 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 14192137 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 14192137 core:OfficeEquipment 2023-07-01 2024-06-30 14192137 countries:EnglandWales 2023-07-01 2024-06-30 14192137 2023-06-30 14192137 core:FurnitureFittingsToolsEquipment 2023-06-30 14192137 2022-06-23 2023-06-30 14192137 2023-06-30 14192137 bus:OrdinaryShareClass1 2023-06-30 14192137 bus:OrdinaryShareClass2 2023-06-30 14192137 core:RetainedEarningsAccumulatedLosses 2023-06-30 14192137 core:ShareCapital 2023-06-30 14192137 core:CurrentFinancialInstruments 2023-06-30 14192137 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 14192137 core:FurnitureFittingsToolsEquipment 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14192137

NBB Tech Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

NBB Tech Ltd

Contents


 

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

NBB Tech Ltd

Registration number: 14192137

Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

580

205

Current assets

 

Debtors

5

22,021

13,465

Cash at bank and in hand

 

40,621

50,765

 

62,642

64,230

Creditors: Amounts falling due within one year

6

(28,170)

(30,220)

Net current assets

 

34,472

34,010

Total assets less current liabilities

 

35,052

34,215

Provisions for liabilities

(146)

(52)

Net assets

 

34,906

34,163

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

34,806

34,063

Shareholders' funds

 

34,906

34,163



The director's statements required by sections 475 (2) and (3) are shown on the following page which forms part of this Balance Sheet.

 

NBB Tech Ltd

Registration number: 14192137

Balance Sheet as at 30 June 2024 (continued)

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 January 2025 and signed on its behalf by:
 

N L Burke
Director

   
     

 

NBB Tech Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Wymondham Business Centre
1 Town Green
Wymondham
Norfolk
NR18 0PN
England

The principal place of business is:
41 Brooke Grove
Ely
Cambridgeshire
CB6 3WT
England

These financial statements were authorised for issue by the Board on 12 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

 

NBB Tech Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

NBB Tech Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

2

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

33.33% Straight Line

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

NBB Tech Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 July 2023

307

307

Additions

711

711

At 30 June 2024

1,018

1,018

Depreciation

At 1 July 2023

102

102

Charge for the period

336

336

At 30 June 2024

438

438

Carrying amount

At 30 June 2024

580

580

At 30 June 2023

205

205

5

Debtors

Current

2024
£

2023
£

Trade debtors

12,511

13,465

Prepayments

199

-

Other debtors

9,311

-

 

22,021

13,465

 

NBB Tech Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Directors loan account

308

838

Taxation and social security

 

22,445

23,959

Other creditors

 

5,417

5,423

 

28,170

30,220

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A of £1 each

95

95

95

95

Ordinary B of £1 each

5

5

5

5

100

100

100

100