Company registration number 10373466 (England and Wales)
NGAGE CONTRACTING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
NGAGE CONTRACTING LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
NGAGE CONTRACTING LIMITED
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
CURRENT ASSETS
Debtors
3
75,613
75,613
Cash at bank and in hand
16,612
16,612
92,225
92,225
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
4
(93,993)
(93,993)
NET CURRENT LIABILITIES
(1,768)
(1,768)
CAPITAL AND RESERVES
Called up share capital
1
1
Profit and loss reserves
(1,769)
(1,769)
TOTAL EQUITY
(1,768)
(1,768)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 27 June 2025
Mrs E A Thomas
Director
Company registration number 10373466 (England and Wales)
NGAGE CONTRACTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
ACCOUNTING POLICIES
Company information

Ngage Contracting Limited is a private company limited by shares incorporated in England and Wales. The registered office is 111 Heolgerrig, Merthyr Tydfil, CF48 1RN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Profit and loss account

The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.4
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

NGAGE CONTRACTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
2
EMPLOYEES

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
3
DEBTORS
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
31,185
31,185
Other debtors
44,428
44,428
75,613
75,613
4
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
£
£
Corporation tax
4,501
4,501
Other taxation and social security
61,258
61,258
Other creditors
28,234
28,234
93,993
93,993
5
RELATED PARTY TRANSACTIONS

Included within debtors is a balance of £44,428 (2023 - £44,428) due from Ngage Resourcing Limited, a company registered in England & Wales.

 

Included within creditors is a balance of £8,583 (2023 - £8,583) due to Custom Workwear UK Limited, A company registered in England & Wales.

 

6
DIRECTORS' TRANSACTIONS

Included within other creditors is a balance of £693 (2023 - £693) due to the director. This balance is interest free and repayable on demand.

NGAGE CONTRACTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
7
PARENT COMPANY

The controlling party is Ngage Group Limited, a company registered in England & Wales, by virtue of its 100% ownership of the company.

 

The directors Ms E A Thomas owns 100% of the allotted share capital of Ngage Group Limited.

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