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NTG ASSET SERVICES LTD

Registered Number
13380921
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

NTG ASSET SERVICES LTD
Company Information
for the year from 1 October 2023 to 30 September 2024

Directors

PATEL, Kalpesh
PATEL, Vimal

Registered Address

20 Chippenham Close
Wellingborough
NN8 2PX

Registered Number

13380921 (England and Wales)
NTG ASSET SERVICES LTD
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3153,344134,574
153,344134,574
Current assets
Debtors458,016100,099
Cash at bank and on hand44,73434,781
102,750134,880
Creditors amounts falling due within one year5(230,833)(265,749)
Net current assets (liabilities)(128,083)(130,869)
Total assets less current liabilities25,2613,705
Net assets25,2613,705
Capital and reserves
Called up share capital100100
Profit and loss account25,1613,605
Shareholders' funds25,2613,705
The financial statements were approved and authorised for issue by the Board of Directors on 25 June 2025, and are signed on its behalf by:
PATEL, Kalpesh
Director
PATEL, Vimal
Director

Registered Company No. 13380921
NTG ASSET SERVICES LTD
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery25
Vehicles20
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 October 233,424139,72512,441155,590
Additions20,55925,6648,75654,979
At 30 September 2423,983165,38921,197210,569
Depreciation and impairment
At 01 October 2315415,8465,01621,016
Charge for year3,46428,3984,34736,209
At 30 September 243,61844,2449,36357,225
Net book value
At 30 September 2420,365121,14511,834153,344
At 30 September 233,270123,8797,425134,574
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables-78,000
Amounts owed by group undertakings25,1111,111
Other debtors32,90520,988
Total58,016100,099
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables134,400-
Taxation and social security15,43310,349
Other creditors80,000120,000
Accrued liabilities and deferred income1,000135,400
Total230,833265,749
6.Directors advances, credits and guarantees
Director loan accounts as at year end was £50,000 (2023: 50,000)
7.Related party transactions
Debtors includes balance of £25.111 (2023- 1,111) related to NTG Commercial services Limited. Other creditors includes balance of £ Nil (2023: £35,000) related to Saint Ivy Management Limited and £Nil (2023: £35,000) related to U V Ventures Limited.