Company Registration No. 09897552 (England and Wales)
Native Platform Ltd
Unaudited accounts
for the year ended 31 December 2021
Native Platform Ltd
Unaudited accounts
Contents
Native Platform Ltd
Company Information
for the year ended 31 December 2021
Company Number
09897552 (England and Wales)
Registered Office
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
United Kingdom
Accountants
The Accountancy Cloud
12-18 Hoxton Street
London
N1 6NG
UK
Native Platform Ltd
Statement of financial position
as at 31 December 2021
Tangible assets
7,605
5,990
Cash at bank and in hand
10,857
52,394
Creditors: amounts falling due within one year
(21,726)
(35,008)
Net current (liabilities)/assets
(10,869)
19,947
Net (liabilities)/assets
(3,264)
25,937
Called up share capital
10
10
Profit and loss account
(3,274)
25,927
Shareholders' funds
(3,264)
25,937
For the year ending 31 December 2021 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 director acknowledges his 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 and authorised for issue on 23 May 2022 and were signed on its behalf by
Igor Pavlov
Director
Company Registration No. 09897552
Native Platform Ltd
Notes to the Accounts
for the year ended 31 December 2021
Native Platform Ltd is a private company, limited by shares, registered in England and Wales, registration number 09897552. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom.
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 year, 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:
Fixtures & fittings
Straight line at 33.33%
Computer equipment
Straight line at 33.33%
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Research and development tax credit
During the financial year, Native Platform Ltd received a tax credit for qualifying research and development expenditure under the Research and Development tax relief scheme. This is presented as a tax repayment in the Statement of Profit or Loss in line with disclosure requirements under FRS 102.
Native Platform Ltd
Notes to the Accounts
for the year ended 31 December 2021
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2021
-
16,674
16,674
Additions
1,225
5,056
6,281
At 31 December 2021
1,225
21,730
22,955
At 1 January 2021
-
10,684
10,684
Charge for the year
239
4,427
4,666
At 31 December 2021
239
15,111
15,350
At 31 December 2021
986
6,619
7,605
At 31 December 2020
-
5,990
5,990
5
Debtors: amounts falling due within one year
2021
2020
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
1,808
26,685
Other creditors
9,340
8,323
Loans from directors
1,906
-
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
(1,372)
20,262
16,985
1,905
(1,372)
20,262
16,985
1,905
Native Platform Ltd
Notes to the Accounts
for the year ended 31 December 2021
9
Average number of employees
During the year the average number of employees was 2 (2020: 2).
