Company Registration No. 11070333 (England and Wales)
NG Terminal Ltd
Unaudited accounts
for the year ended 31 May 2022
NG Terminal Ltd
Unaudited accounts
Contents
NG Terminal Ltd
Statement of financial position
as at 31 May 2022
Tangible assets
31,949
5,110
Cash at bank and in hand
30,545
9,959
Creditors: amounts falling due within one year
(445,796)
(136,153)
Net current assets
52,025
62,449
Total assets less current liabilities
83,974
67,559
Creditors: amounts falling due after more than one year
(49,587)
(40,000)
Called up share capital
1
1
Profit and loss account
34,386
27,558
Shareholders' funds
34,387
27,559
For the year ending 31 May 2022 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 21 February 2023 and were signed on its behalf by
Petar Vasilev
Director
Company Registration No. 11070333
NG Terminal Ltd
Notes to the Accounts
for the year ended 31 May 2022
NG Terminal Ltd is a private company, limited by shares, registered in England and Wales, registration number 11070333. The registered office is Unit 5, Nexus Close Off Central Way, Feltham, TW14 0AF.
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:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2021
-
-
4,992
2,075
7,067
Additions
2,762
28,140
1,111
4,408
36,421
At 31 May 2022
2,762
28,140
6,103
6,483
43,488
At 1 June 2021
-
-
1,265
692
1,957
Charge for the year
552
5,628
1,241
2,161
9,582
At 31 May 2022
552
5,628
2,506
2,853
11,539
At 31 May 2022
2,210
22,512
3,597
3,630
31,949
At 31 May 2021
-
-
3,727
1,383
5,110
NG Terminal Ltd
Notes to the Accounts
for the year ended 31 May 2022
Amounts falling due within one year
Trade debtors
273,555
71,622
Accrued income and prepayments
44,139
8,500
Other debtors
105,265
91,776
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
17,011
10,000
Trade creditors
151,181
50,573
Taxes and social security
14,727
9,842
Other creditors
30,210
27,168
Loans from directors
232,667
29,237
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the year the average number of employees was 12 (2021: 5).
