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NP INTEGRATED TECHNOLOGY LTD - Company Information

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NP Integrated Technology Ltd

Registered Number:07981410

For the year ended 31 March 2020

England and Wales

Unaudited Financial Statements

For the year ended 31 March 2020

NP Integrated Technology Ltd

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

Registered Number :

07981410

As at 31 March 2020

NP Integrated Technology Ltd

Statement of Financial Position

2019

2020

Notes

Fixed assets

Property, plant and equipment

70,577

79,538

70,577

79,538

Current assets

Inventories

213,394

140,970

Trade and other receivables

452,849

532,610

797

Cash and cash equivalents

673,580

667,040

Trade and other payables: amounts falling due within one

year

(502,249)

(512,808)

164,791

160,772

Net current assets

Total assets less current liabilities

231,349

244,329

Trade and other payables: amounts falling due after more

than one year

(4,247)

227,102

Net assets

244,329

Capital and reserves

Called up share capital

100

Retained earnings

227,002

244,229

227,102

244,329

Shareholders' funds

For the year ended 31 March 2020 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 of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

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

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

Nigel Pilling Director

These financial statements were approved and authorised for issue by the Board on 21 December 2020 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2020

NP Integrated Technology Ltd

Notes to the Financial Statements

Statutory Information

NP Integrated Technology Ltd is a private limited company, limited by shares, domiciled in England and Wales,

registration number 07981410.

Registered address:

Unit 6

Vantage Business Park

Barrowford

BB9 6BP

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Property, plant and equipment

Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and Buildings

10% Straight line

Plant and Machinery

25% Reducing balance

Computer Equipment

25% Reducing balance

Motor Vehicles

25% Reducing balance

Furniture and Fittings

Inventories

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.

2. Intangible fixed assets

Other

Intangible

Assets

Cost or valuation

At 01 April 2019

25,246

At 31 March 2020

25,246

Amortisation

At 01 April 2019

25,246

At 31 March 2020

25,246

Net book value

At 31 March 2020

At 31 March 2019

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For the year ended 31 March 2020

NP Integrated Technology Ltd

Notes to the Financial Statements Continued

3. Property, plant and equipment

Total

Computer

Equipment

Furniture and

Fittings

Motor

Vehicles

Plant and

Machinery

Land and

Buildings

Cost or

valuation

At 01 April 2019

206,761

14,132

34,267

142,635

5,280

10,447

12,823

324

12,499

Additions

At 31 March 2020

10,447

155,134

34,267

14,456

219,584

5,280

Provision for depreciation and impairment

At 01 April 2019

127,223

7,909

16,684

97,044

4,541

1,045

Charge for year

21,784

1,637

4,395

14,522

185

1,045

At 31 March 2020

149,007

9,546

21,079

111,566

4,726

2,090

At 31 March 2020

Net book value

8,357

554

43,568

13,188

4,910

70,577

9,402

739

45,591

17,583

6,223

79,538

At 31 March 2019

4. Inventories

2019

2020

Stocks

140,970

213,394

5. Trade and other receivables

2019

2020

Trade debtors

265,496

187,034

Other debtors

267,114

265,815

452,849

532,610

The debtors above include the following amounts falling due after more than one year:

Other debtors

254,583

261,190

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For the year ended 31 March 2020

NP Integrated Technology Ltd

Notes to the Financial Statements Continued

6. Trade and other payables: amounts falling due within one year

2019

2020

Bank loans and overdraft

292

20,358

Trade creditors

141,398

157,721

Taxation and social security

61,635

41,990

Other creditors

309,483

282,180

512,808

502,249

7. Trade and other payables: amounts falling due after more than one year

2019

2020

Other creditors

4,247

8. Related party transactions

During the year the Company was charged for rental services to the value of £39,000 from NCP Properties ltd.. At

the balance sheet date The Company was owed £254,583 from NCP Properties Ltd and owed NPITV Ltd £39,384.

All of these companies are under common control of the Directors.

9. Average number of persons employed

During the year the average number of employees was 20 (2019 : 17)

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