Nitrogen Solutions Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08275808 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2020

for

Nitrogen Solutions Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M U Patel

REGISTERED OFFICE:

56 Raymond Road

London

E13 0SW

REGISTERED NUMBER:

08275808 (England and Wales)

ACCOUNTANTS:

Elliot, Woolfe & Rose

Equity House

128-136 High Street

Edgware

London

HA8 7TT

FIXED ASSETS

Tangible assets

4

-

22,721

CURRENT ASSETS

Debtors

5

181,514

45,496

Cash at bank

1,080

2,763

182,594

48,259

CREDITORS

Amounts falling due within one year

6

(129,377

)

(69,552

)

NET CURRENT ASSETS/(LIABILITIES)

53,217

(21,293

)

TOTAL ASSETS LESS CURRENT LIABILITIES

53,217

1,428

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

53,216

1,427

53,217

1,428

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 28 January 2021 and were signed by:

Mr M U Patel - Director

1.	STATUTORY INFORMATION

Nitrogen Solutions 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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

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 1 (2019 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant an

machine

etc

£

COST

At 1 May 2019

30,295

Disposals

(30,295

)

At 30 April 2020

-

DEPRECIATION

At 1 May 2019

7,574

Eliminated on disposal

(7,574

)

At 30 April 2020

-

NET BOOK VALUE

At 30 April 2020

-

At 30 April 2019

22,721

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Trade debtors

181,514

35,640

Other debtors

-

9,856

181,514

45,496

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Taxation and social security

64,021

18,653

Other creditors

65,356

50,899

129,377

69,552

7.	RELATED PARTY DISCLOSURES

At the year end 30 April 2020, the director had an amount of £24,036 owed by the company in respect of his director's current account.