Company Registration No. 11070333 (England and Wales)
NG Terminal Ltd
Unaudited accounts
for the period from 1 June 2024 to 31 December 2024
NG Terminal Ltd
Unaudited accounts
Contents
NG Terminal Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
86,346
21,169
Debtors
2,660,156
1,701,979
Cash at bank and in hand
2,874,941
1,016,043
Creditors: amounts falling due within one year
(4,171,061)
(1,602,383)
Net current assets
1,364,036
1,115,639
Net assets
1,450,382
1,136,808
Called up share capital
1
1
Profit and loss account
1,450,381
1,136,807
Shareholders' funds
1,450,382
1,136,808
For the period ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by
Xiaoning Kong
Director
Company Registration No. 11070333
NG Terminal Ltd
Notes to the Accounts
for the period from 1 June 2024 to 31 December 2024
NG Terminal Ltd is a private company, limited by shares, registered in England and Wales, registration number 11070333. The registered office is Unit 5, Nexus Close Off Central Way, Feltham, TW14 0AF.
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 period, 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.
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:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 June 2024
6,603
4,618
28,140
6,103
12,994
58,458
Additions
-
7,912
-
70,025
788
78,725
At 31 December 2024
6,603
12,530
28,140
76,128
13,782
137,183
At 1 June 2024
4,402
2,284
16,884
4,938
8,781
37,289
Charge for the period
1,284
1,462
657
8,726
1,419
13,548
At 31 December 2024
5,686
3,746
17,541
13,664
10,200
50,837
At 31 December 2024
917
8,784
10,599
62,464
3,582
86,346
At 31 May 2024
2,201
2,334
11,256
1,165
4,213
21,169
NG Terminal Ltd
Notes to the Accounts
for the period from 1 June 2024 to 31 December 2024
5
Debtors
31/12/2024
31/05/2024
Amounts falling due within one year
Trade debtors
2,119,712
1,453,202
Accrued income and prepayments
135,338
63,534
Other debtors
273,104
136,574
6
Creditors: amounts falling due within one year
31/12/2024
31/05/2024
Trade creditors
1,812,895
1,098,537
Taxes and social security
336,661
249,996
Other creditors
1,907,268
244,613
Loans from directors
9,237
9,237
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Average number of employees
During the period the average number of employees was 19 (31/05/2024: 15).