| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 JUNE 2024 TO 31 DECEMBER 2024 |
| FOR |
| NORTAL UK LIMITED |
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 JUNE 2024 TO 31 DECEMBER 2024 |
| FOR |
| NORTAL UK LIMITED |
| NORTAL UK LIMITED (REGISTERED NUMBER: 08073007) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 JUNE 2024 TO 31 DECEMBER 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| NORTAL UK LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 1 JUNE 2024 TO 31 DECEMBER 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| SENIOR STATUTORY AUDITOR: |
| AUDITORS: |
| 3rd Floor |
| 15 West Street |
| Brighton |
| East Sussex |
| BN1 2RL |
| BANKERS: |
| Leicester |
| LE87 2BB |
| NORTAL UK LIMITED (REGISTERED NUMBER: 08073007) |
| BALANCE SHEET |
| 31 DECEMBER 2024 |
| 2024 | 2024 |
| Restated |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Share premium |
| Retained earnings | 2,744,226 |
| SHAREHOLDERS' FUNDS |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| NORTAL UK LIMITED (REGISTERED NUMBER: 08073007) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 JUNE 2024 TO 31 DECEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Nortal UK Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the company information page. |
| The presentation currency of the financial statements is the Pound Sterling (£) and have been rounded to the nearest pound. |
| During the period of the accounts the company was under the name of '3DOT Solutions Ltd', the company then changed it's name to 'Nortal UK Ltd' on 25 April 2025. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK & Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention |
| Comparative period |
| During the period the company changed its accounts reference date from 31 May to 31 December to align with the new parent company's accounting reference date. Consequently, the current period profit and loss represents the 7 month period to 31 December 2024 and the comparatives are for a 12 month period. |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| Turnover |
| Turnover represents the fair value of consideration received or receivable in relation to consultancy services, excluding discounts, rebates or value added tax. Turnover is recognised to the extent that there is a right to consideration. Where a contract has only been partially completed at the balance sheet date, turnover represents the fair value of the service provided to date, in accordance with the terms of the contract. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Plant & Machinery - 20% on reducing balance |
| Computer equipment - 25% on cost |
| Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. |
| NORTAL UK LIMITED (REGISTERED NUMBER: 08073007) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JUNE 2024 TO 31 DECEMBER 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| Basic financial assets |
| Basic financial assets, which include debtors and cash and cash equivalents, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost, using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Amortised cost is determined as being the transaction price less any amounts settled and any impairment losses. Financial assets classified as receivable within one year are not amortised. |
| A provision for impairment of debtors is established when there is objective evidence that the amounts due will not be collected according to the original terms of the contract. Impairment losses are recognised in profit or loss for the excess of the carrying value of the trade debtor over the present value of the future cash flows discounted using the original effective interest rate. Subsequent reversals of an impairment loss that objectively relate to an event occurring after the impairment loss was recognised, are recognised immediately in profit or loss. |
| Basic financial liabilities |
| Basic financial liabilities, including trade, group and other creditors (including accruals) payable are initially measured at the transaction price and subsequently measured at amortised cost unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as receivable within one year are not amortised. |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| NORTAL UK LIMITED (REGISTERED NUMBER: 08073007) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JUNE 2024 TO 31 DECEMBER 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and | Computer |
| machinery | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 June 2024 |
| Additions |
| At 31 December 2024 |
| DEPRECIATION |
| At 1 June 2024 |
| Charge for period |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 May 2024 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2024 |
| Restated |
| £ | £ |
| Trade debtors |
| Amounts recoverable on contract |
| Other debtors |
| Prepayments |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2024 |
| Restated |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Tax |
| Social security and other taxes |
| VAT | 313,330 | 495,790 |
| Other creditors |
| Directors' current accounts | - | 1,664 |
| Accrued expenses |
| NORTAL UK LIMITED (REGISTERED NUMBER: 08073007) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JUNE 2024 TO 31 DECEMBER 2024 |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2024 |
| value: | £ | £ |
| Ordinary A | £1 | 227 | 227 |
| Ordinary B | £1 | 58 | 58 |
| Ordinary C | £1 | 15 | 15 |
| 300 | 300 |
| 8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 9. | OFF-BALANCE SHEET ARRANGEMENTS |
| At the period end, the company had non-cancellable operating lease commitments amounting to £226,539 (31 May 2024: £158,340). No non-cancellable operating lease commitments are payable more than 1 year from the year end. |
| At the period end, the company had non-cancellable sales contracts amounting to £96,462 (31 May 2024: £96,462). None of these extend beyond a year from the reporting date. |
| 10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the period ended 31 December 2024 and the year ended 31 May 2024: |
| 2024 | 2024 |
| Restated |
| £ | £ |
| Balance outstanding at start of period | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of period | ( |
) |
| Loans are unsecured, interest free and repayable on demand. |
| 11. | ULTIMATE CONTROLLING PARTY |
| Up until the 14 August 2024 the immediate parent undertaking was 3Dot Holdings Limited, a company registered in England and Wales. |
| After the 14 August 2024 the immediate parent undertaking is Nortal AS, a company registered in Estonia. The ultimate parent undertaking is Nortal Group Holding OU, a company registered in Estonia. |
| The smallest group consolidating the results of the Company is Nortal AS and the largest group consolidating the results of the Company is Nortal Group Holding OU. The registered office of both companies is Harju maakond, Tallinn, Lasnamäe linnaosa, Lõõtsa tn 6, 11415 where copies of the consolidated financial statements may be obtained. |
| NORTAL UK LIMITED (REGISTERED NUMBER: 08073007) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JUNE 2024 TO 31 DECEMBER 2024 |
| 12. | RELATED PARTY |
| During the period Nortal UK Ltd held a company bank account with amounts owned by a related party '3dot Trust' who's trustee is Mr M Hampson a director of Nortal UK Ltd. The amount held on behalf of 3dot trust at the 31 December 2024 was £48,489. The amount owed to 3dot trust in this respect is shown within other creditors. The amount held is transferable to a 3dot trust bank account on demand. There are no other terms to this arrangement. |