| NG1 Consulting Ltd |
| Registered number: |
11859958 |
| Balance Sheet |
| as at 5 April 2022 |
|
| Notes |
|
|
2022 |
|
|
2021 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
1,055 |
|
|
1,721 |
| Investments |
4 |
|
|
126,437 |
|
|
32,853 |
|
|
|
|
127,492 |
|
|
34,574 |
|
| Current assets |
| Debtors |
5 |
|
8,400 |
|
|
18,075 |
| Cash at bank and in hand |
|
|
12,792 |
|
|
96,452 |
|
|
|
21,192 |
|
|
114,527 |
|
| Creditors: amounts falling due within one year |
6 |
|
(2,607) |
|
|
(27,779) |
|
| Net current assets |
|
|
|
18,585 |
|
|
86,748 |
|
| Total assets less current liabilities |
|
|
|
146,077 |
|
|
121,322 |
|
|
| Provisions for liabilities |
|
|
|
(4,488) |
|
|
(327) |
|
|
| Net assets |
|
|
|
141,589 |
|
|
120,995 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
141,588 |
|
|
120,994 |
|
| Shareholder's funds |
|
|
|
141,589 |
|
|
120,995 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
| Iain Matthew Robertson |
| Director |
| Approved by the board on 20 March 2023 |
|
| NG1 Consulting Ltd |
| Notes to the Accounts |
| for the year ended 5 April 2022 |
|
|
| 1 |
Accounting policies |
|
|
Statement of compliance |
|
The accounts have been prepared in accordance with FRS 102, Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. |
|
|
Revenue Recognition |
|
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. |
|
|
Tangible fixed assets |
|
Tangible fixed assets held for the company's own use are stated at cost less accumulative depreciation and any accumulative impairment losses. |
|
|
Depreciation is provided at rates calculated to write off the costs of fixed assets, less their estimated residual value, over their expected useful lives on a straight line basis at a rate of 33% per annum. |
|
|
Assets held under finance leases are depreciated in the same way as owned assets. |
|
|
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. |
|
|
Investments |
|
Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Taxation |
|
Taxation represents the sum of tax currently payable and deferred tax. |
|
|
The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. |
|
|
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be avaliable to allow all or part of the asset to be recovered. |
|
|
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on the tax rates (and tax laws) that have been enacted by the end of the reporting period. |
|
|
| 2 |
Employees |
2022 |
|
2021 |
| Number |
Number |
|
|
Average number of persons employed by the company |
- |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Office equipment |
| £ |
|
Cost |
|
At 6 April 2021 |
1,999 |
|
At 5 April 2022 |
1,999 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 6 April 2021 |
278 |
|
Charge for the year |
666 |
|
At 5 April 2022 |
944 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 5 April 2022 |
1,055 |
|
At 5 April 2021 |
1,721 |
|
|
| 4 |
Investments |
|
| Listed |
Unlisted |
| Investments |
Investments |
Total |
| £ |
£ |
£ |
|
Cost or valuation |
|
|
At 6 April 2021 |
20,353 |
|
12,500 |
|
32,853 |
|
Additions |
41,005 |
|
30,008 |
|
71,013 |
|
Fair value adjustments |
3,841 |
|
18,730 |
|
22,571 |
|
Disposals |
- |
|
- |
|
- |
|
|
At 5 April 2022 |
65,199 |
|
61,238 |
|
126,437 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Debtors |
2022 |
|
2021 |
| £ |
£ |
|
|
Trade debtors |
1,400 |
|
2,700 |
|
Other debtors |
7,000 |
|
15,375 |
|
|
|
|
|
|
8,400 |
|
18,075 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2022 |
|
2021 |
| £ |
£ |
|
|
Taxation and social security costs |
1,383 |
|
26,281 |
|
Other creditors |
1,224 |
|
1,498 |
|
|
|
|
|
|
2,607 |
|
27,779 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
NG1 Consulting Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
First Floor |
|
5 High Street |
|
Westbury-on-Trym |
|
Bristol |
|
BS9 3BY |
