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NAGLOTECH LTD

Registered Number
05326296
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2025

NAGLOTECH LTD
Company Information
for the year from 1 February 2024 to 31 January 2025

Directors

BOOTH, Andrew Armstrong
BOOTH, Samantha Lorraine

Company Secretary

BOOTH, Samantha Lorraine

Registered Address

2 Colchester Road
St. Osyth
Clacton-On-Sea
CO16 8HA

Registered Number

05326296 (England and Wales)
NAGLOTECH LTD
Balance Sheet as at
31 January 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets3176,914140,015
176,914140,015
Current assets
Debtors4165,161138,330
Cash at bank and on hand52,05383,638
217,214221,968
Creditors amounts falling due within one year5(186,962)(120,326)
Net current assets (liabilities)30,252101,642
Total assets less current liabilities207,166241,657
Creditors amounts falling due after one year6(63,052)(53,471)
Provisions for liabilities8(44,229)(35,004)
Net assets99,885153,182
Capital and reserves
Called up share capital1,0021,002
Profit and loss account98,883152,180
Shareholders' funds99,885153,182
The financial statements were approved and authorised for issue by the Board of Directors on 16 July 2025, and are signed on its behalf by:
BOOTH, Andrew Armstrong
Director
BOOTH, Samantha Lorraine
Director

Registered Company No. 05326296
NAGLOTECH LTD
Notes to the Financial Statements
for the year ended 31 January 2025

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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
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.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets at the following rates:

Reducing balance (%)
Plant and machinery25
Fixtures and fittings15
Vehicles20
Office Equipment25
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20252024
Average number of employees during the year1513
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 February 24315,736
Additions78,040
At 31 January 25393,776
Depreciation and impairment
At 01 February 24175,722
Charge for year41,140
At 31 January 25216,861
Net book value
At 31 January 25176,914
At 31 January 24140,015
4.Debtors: amounts due within one year

2025

2024

££
Trade debtors / trade receivables33,72225,662
Other debtors110,88398,835
Prepayments and accrued income20,55613,833
Total165,161138,330
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debt
5.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables21,66718,549
Bank borrowings and overdrafts120-
Taxation and social security54,01553,599
Finance lease and HP contracts40,39214,557
Other creditors32,89230,062
Accrued liabilities and deferred income37,8763,559
Total186,962120,326
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2025

2024

££
Bank borrowings and overdrafts13,33323,333
Other creditors49,71930,138
Total63,05253,471
7.Obligations under finance leases

2025

2024

££
Finance lease and HP contracts49,71830,138
8.Provisions for liabilities

2025

2024

££
Net deferred tax liability (asset)44,22935,004
Total44,22935,004
9.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
BOOTH, Andrew Armstrong(10,153)250,855213,11427,588
Joint Director Loan account
(10,153)250,855213,11427,588
At the end of the financial year, the entity owed the directors £27,588. No interest has been calculated on this outstanding balance.