REGISTERED NUMBER: 09057270 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

N V L T Y LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

J B Hungbo

J R Smith

Registered office:

71-75 Shelton Street

Covent Garden

London

WC2H 9JQ

Registered number:

09057270 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Cubo Birmingham

Office 401, 4th Floor

Two Chamberlain Square

Birmingham

B3 3AX

Fixed assets

Intangible assets

4

350

350

Tangible assets

5

7,263

9,140

7,613

9,490

Current assets

Stocks

314,346

331,100

Debtors

6

1,441,479

1,582,520

Cash at bank and in hand

2,623,062

2,515,885

4,378,887

4,429,505

Creditors

Amounts falling due within one year

7

1,369,241

1,642,493

Net current assets

3,009,646

2,787,012

Total assets less current liabilities

3,017,259

2,796,502

Provisions for liabilities

1,816

2,285

Net assets

3,015,443

2,794,217

Capital and reserves

Called up share capital

2

2

Retained earnings

3,015,441

2,794,215

3,015,443

2,794,217

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2026 and were signed on its behalf by:

J B Hungbo - Director

1.	Statutory information

N V L T Y Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

- the Company has transferred the significant risks and rewards of ownership to the buyer;

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the transaction; and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	Employees and directors

The average number of employees during the year was 11 (2024 - 12 ) .

4.	Intangible fixed assets

Other

intangible

assets

£

Cost

At 1 May 2024

and 30 April 2025

350

Net book value

At 30 April 2025

350

At 30 April 2024

350

5.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 May 2024

27,016

Additions

2,915

At 30 April 2025

29,931

Depreciation

At 1 May 2024

17,876

Charge for year

4,792

At 30 April 2025

22,668

Net book value

At 30 April 2025

7,263

At 30 April 2024

9,140

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

57,959

70,332

Other debtors

1,383,070

1,314,056

Directors' current accounts

-

197,665

Prepayments and accrued income

450

467

1,441,479

1,582,520

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

441,449

843,739

Taxation and social security

829,139

600,363

Other creditors

98,653

198,391

1,369,241

1,642,493

8.	Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

9.	Related party disclosures

At the beginning of the year, the Company had outstanding loans due from the directors of £197,665. The Company charged interest at HM Revenue and Customs' official rates for the period during which the amounts were owing to the Company.

By July 2024, the directors were in credit with the Company, with a credit balance at 30 April 2025 of £20,437.

Included within other debtors at the balance sheet date are balances owed to the Company by J&J Holdings Limited and Property by J&J Limited; companies over which the directors have significant control.

At the balance sheet date, the balance owing to the Company from these related parties was £1,377,020 (2024: £1,308,056). No interest is charged on these balances, and there are no set repayment terms.