NPR Technology Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07366183 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2021

FOR

NPR TECHNOLOGY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N D Beitner

R Bernard

REGISTERED OFFICE:

Studio G2

164 Union Street

.

London

SE1 0LH

REGISTERED NUMBER:

07366183 (England and Wales)

ACCOUNTANTS:

ISIS Business Solutions (Northants) LLP

Venture Court

2 Debdale Road

Wellingborough

Northamptonshire

NN8 5AA

FIXED ASSETS

Intangible assets

4

21,010

29,760

Tangible assets

5

177,500

103,034

198,510

132,794

CURRENT ASSETS

Debtors

6

133,672

104,152

Cash at bank

26,160

98,730

159,832

202,882

CREDITORS

Amounts falling due within one year

7

177,309

147,124

NET CURRENT (LIABILITIES)/ASSETS

(17,477

)

55,758

TOTAL ASSETS LESS CURRENT LIABILITIES

181,033

188,552

CREDITORS

Amounts falling due after more than one year

8

91,965

105,096

NET ASSETS

89,068

83,456

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

88,968

83,356

SHAREHOLDERS' FUNDS

89,068

83,456

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2021 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 27th June 2022 and were signed on its behalf by:

N D Beitner - Director

1.	STATUTORY INFORMATION

NPR Technology Limited 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.

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.

Computer software is being amortised evenly over its estimated useful life of five 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

-

15% on reducing balance

Computer equipment

-

33% on cost

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.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st October 2020

55,117

Additions

1,898

At 30th September 2021

57,015

AMORTISATION

At 1st October 2020

25,357

Charge for year

10,648

At 30th September 2021

36,005

NET BOOK VALUE

At 30th September 2021

21,010

At 30th September 2020

29,760

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1st October 2020

3,571

87,580

75,806

166,957

Additions

6,098

114,721

12,723

133,542

At 30th September 2021

9,669

202,301

88,529

300,499

DEPRECIATION

At 1st October 2020

1,953

1,825

60,145

63,923

Charge for year

840

47,729

10,507

59,076

At 30th September 2021

2,793

49,554

70,652

122,999

NET BOOK VALUE

At 30th September 2021

6,876

152,747

17,877

177,500

At 30th September 2020

1,618

85,755

15,661

103,034

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

130,920

101,400

Other debtors

2,752

2,752

133,672

104,152

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

8,333

8,333

Hire purchase contracts

9,251

9,251

Trade creditors

13,261

11,657

Taxation and social security

17,042

27,034

Other creditors

129,422

90,849

177,309

147,124

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

38,138

41,667

Hire purchase contracts

53,827

63,429

91,965

105,096

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors amounts falling due within one year is a directors loan account balance of £126,539 (2020: £87,966)

This loan is interest free and has no repayment terms.