NARLA ENGINEERING MIDLANDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Narla Engineering Midlands Limited is a private company limited by shares incorporated in England with a registered number 05120735. Its registered office is 64 Danby Walk, Leeds, West Yorkshire, LS9 8JF. The company was dormant in both this year and the prior year.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The accounts have been prepared under the going concern concept which is dependent upon the continued support of the directors and associated companies.
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
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The average monthly number of employees, including directors, during the year was 2 (2023 - 2).
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