Nogil Limited - Accounts to registrar (filleted) - small 18.2

Nogil Limited - Accounts to registrar (filleted) - small 18.2

NOGIL LIMITED - Company Information

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REGISTERED NUMBER: 10573904 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

Nogil Limited
Nogil Limited (Registered number: 10573904)






Contents of the Financial Statements
for the year ended 31 December 2021




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Nogil Limited

Company Information
for the year ended 31 December 2021







DIRECTORS: Mrs N B Wigdortz
Mr B H Wigdortz





REGISTERED OFFICE: 53 Fortis Green
London
England
N2 9JJ





REGISTERED NUMBER: 10573904 (England and Wales)





ACCOUNTANTS: Flinder Effect Limited
Certified Chartered Accountants (ACCA)
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
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Nogil Limited (Registered number: 10573904)

Statement of Financial Position
31 December 2021

2021 2020
Notes £ £
FIXED ASSETS
Tangible assets 5 14,977 19,969

CURRENT ASSETS
Debtors 6 3,335 11,458
Cash at bank 993 2,816
4,328 14,274
CREDITORS
Amounts falling due within one year 7 (6,008 ) (11,269 )
NET CURRENT (LIABILITIES)/ASSETS (1,680 ) 3,005
TOTAL ASSETS LESS CURRENT
LIABILITIES
13,297
22,974

PROVISIONS FOR LIABILITIES (3,744 ) (4,426 )
NET ASSETS 9,553 18,548

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9,453 18,448
9,553 18,548

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 notes form part of these financial statements

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Nogil Limited (Registered number: 10573904)

Statement of Financial Position - continued
31 December 2021


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 28 September 2022 and were signed on its behalf by:





Mr B H Wigdortz - Director


The notes form part of these financial statements

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Nogil Limited (Registered number: 10573904)

Notes to the Financial Statements
for the year ended 31 December 2021

1. STATUTORY INFORMATION

Nogil 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates if necessary. It also requires management to exercise judgement in applying the company accounting policies.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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Nogil Limited (Registered number: 10573904)

Notes to the Financial Statements - continued
for the year ended 31 December 2021

3. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments Issues of FRS 102 to all of its financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement consitutes a financing transaction, where the transaction is measured at the present value if the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditor are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently at amortised cost using the effective interest method.

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 statement of financial position date.


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Nogil Limited (Registered number: 10573904)

Notes to the Financial Statements - continued
for the year ended 31 December 2021

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£ £ £ £
COST
At 1 January 2021
and 31 December 2021 2,175 33,985 4,905 41,065
DEPRECIATION
At 1 January 2021 1,212 17,324 2,560 21,096
Charge for year 241 4,165 586 4,992
At 31 December 2021 1,453 21,489 3,146 26,088
NET BOOK VALUE
At 31 December 2021 722 12,496 1,759 14,977
At 31 December 2020 963 16,661 2,345 19,969

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£ £
Directors' current accounts 3,335 10,560
VAT - 206
Prepayments and accrued income - 692
3,335 11,458

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Nogil Limited (Registered number: 10573904)

Notes to the Financial Statements - continued
for the year ended 31 December 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£ £
Trade creditors 4,568 4,568
Accruals and deferred income 1,440 6,701
6,008 11,269

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and creditors to directors subsisted during the year 31 December 2021 and the period to 31 December 2020:

20212020
£   £   
Amounts Advanced-
Amounts Repaid7,225-

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