2023-08-01 2024-07-31 false Capium Accounts Production 1.1 11441908 2023-08-01 2024-07-31 11441908 bus:AbridgedAccounts 2023-08-01 2024-07-31 11441908 bus:FRS102 2023-08-01 2024-07-31 11441908 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 11441908 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 11441908 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 11441908 2023-08-01 2024-07-31 11441908 2024-07-31 11441908 bus:RegisteredOffice 2023-08-01 2024-07-31 11441908 core:WithinOneYear 2024-07-31 11441908 core:AfterOneYear 2024-07-31 11441908 1 2023-08-01 2024-07-31 11441908 bus:Director1 2023-08-01 2024-07-31 11441908 bus:Director1 2024-07-31 11441908 bus:Director1 2022-08-01 2023-07-31 11441908 2022-08-01 11441908 bus:LeadAgentIfApplicable 2023-08-01 2024-07-31 11441908 2022-08-01 2023-07-31 11441908 2023-07-31 11441908 core:WithinOneYear 2023-07-31 11441908 core:AfterOneYear 2023-07-31 11441908 bus:EntityAccountantsOrAuditors 2022-08-01 2023-07-31 11441908 core:PlantMachinery 2023-08-01 2024-07-31 11441908 core:PlantMachinery 2024-07-31 11441908 core:PlantMachinery 2023-07-31 11441908 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-07-31 11441908 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-07-31 11441908 core:NetGoodwill 2023-08-01 2024-07-31 11441908 core:CostValuation core:Non-currentFinancialInstruments 2024-07-31 11441908 core:CostValuation core:Non-currentFinancialInstruments 2023-07-31 11441908 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-07-31 11441908 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-07-31 11441908 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-07-31 11441908 core:Non-currentFinancialInstruments 2024-07-31 11441908 core:Non-currentFinancialInstruments 2023-07-31 11441908 core:ShareCapital 2024-07-31 11441908 core:ShareCapital 2023-07-31 11441908 core:RetainedEarningsAccumulatedLosses 2024-07-31 11441908 core:RetainedEarningsAccumulatedLosses 2023-07-31 11441908 dpl:Item1 2023-08-01 11441908 dpl:Item1 2024-07-31 11441908 dpl:Item1 2022-08-01 11441908 dpl:Item1 2023-07-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 11441908
England and Wales

 

 

 

NOFTEK LTD


Abridged Accounts
 


Period of accounts

Start date: 01 August 2023

End date: 31 July 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 1,439    1,919 
1,439    1,919 
Current assets      
Cash at bank and in hand 54    4,283 
Creditors: amount falling due within one year (2,542)   (7,134)
Net current assets (2,488)   (2,851)
 
Total assets less current liabilities (1,049)   (932)
Creditors: amount falling due after more than one year   (478)
Net assets (1,049)   (1,410)
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account (1,050)   (1,411)
Shareholders' funds (1,049)   (1,410)
 


For the year ended 31 July 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 21 March 2025 and were signed by:


-------------------------------
Chukwuneke Ekene Okafor Okafor
Director
1
General Information
NOFTEK LTD is a private company, limited by shares, registered in England and Wales, registration number 11441908, registration address 3 The Croft, Pinner, Middlesex, HA5 5EX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Group accounts
The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has, therefore, taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company net of trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
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
Preference dividends
Where preference shares are classed as liabilities rather than equity any preference dividends paid are included in interest payable and similar charges within the income statement.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 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:
Plant and Machinery 25% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 August 2023 4,689    4,689 
Additions  
Disposals  
At 31 July 2024 4,689    4,689 
Depreciation
At 01 August 2023 2,770    2,770 
Charge for year 480    480 
On disposals  
At 31 July 2024 3,250    3,250 
Net book values
Closing balance as at 31 July 2024 1,439    1,439 
Opening balance as at 01 August 2023 1,919    1,919 


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