Company Registration No. 10763933 (England and Wales)
NTD Finance Ltd
Unaudited accounts
for the year ended 31 May 2024
NTD Finance Ltd
Unaudited accounts
Contents
NTD Finance Ltd
Company Information
for the year ended 31 May 2024
Company Number
10763933 (England and Wales)
Registered Office
Churchill House
137-139 Brent Street
London
NW4 4DJ
Accountants
Clearfin Accountants Limited
Churchill House
137-139 Brent Street
London
NW4 4DJ
NTD Finance Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
2,265
2,565
Cash at bank and in hand
882,587
548,600
Creditors: amounts falling due within one year
(1,101,347)
(1,057,870)
Net current assets
230,542
184,046
Net assets
232,807
186,611
Called up share capital
100
100
Profit and loss account
232,707
186,511
Shareholders' funds
232,807
186,611
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 her 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 30 May 2025 and were signed on its behalf by
Mrs C D Schapira
Director
Company Registration No. 10763933
NTD Finance Ltd
Notes to the Accounts
for the year ended 31 May 2024
NTD Finance Ltd is a private company, limited by shares, registered in England and Wales, registration number 10763933. The registered office is Churchill House, 137-139 Brent Street, London, NW4 4DJ.
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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight line
4
Tangible fixed assets
Fixtures & fittings
NTD Finance Ltd
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Other debtors
449,302
693,316
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
16,797
6,120
Loans from directors
1,082,930
1,048,750
7
Transactions with related parties
Included within creditors is a balance of £1,082,930 (2023: £1,048,750) due to a director of the company.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).