N A Global Research Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 04585388 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2022

for

N A Global Research Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs D M Nash

S T Nash

SECRETARY:

Mrs D M Nash

REGISTERED OFFICE:

International House

6 Market Steet

Oakengates

Telford

Shropshire

TF2 6EF

REGISTERED NUMBER:

04585388 (England and Wales)

ACCOUNTANTS:

Tranter Lowe (Oakengates) Limited

Chartered Accountants

International House

6 Market Street

Oakengates

Telford

Shropshire

TF2 6EF

FIXED ASSETS

Tangible assets

4

556

666

CURRENT ASSETS

Debtors

5

3,151

13,105

Cash at bank

3,267

36,658

6,418

49,763

CREDITORS

Amounts falling due within one year

6

3,621

23,505

NET CURRENT ASSETS

2,797

26,258

TOTAL ASSETS LESS CURRENT LIABILITIES

3,353

26,924

PROVISIONS FOR LIABILITIES

106

127

NET ASSETS

3,247

26,797

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

3,245

26,795

SHAREHOLDERS' FUNDS

3,247

26,797

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2023 and were signed on its behalf by:

S T Nash - Director

1.	STATUTORY INFORMATION

N A Global Research Ltd 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

25% on reducing balance

Computer equipment

-

50% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Office

Computer

equipment

equipment

Totals

£

£

£

COST

At 1 January 2022

2,676

2,949

5,625

Additions

-

249

249

At 31 December 2022

2,676

3,198

5,874

DEPRECIATION

At 1 January 2022

2,647

2,312

4,959

Charge for year

9

350

359

At 31 December 2022

2,656

2,662

5,318

NET BOOK VALUE

At 31 December 2022

20

536

556

At 31 December 2021

29

637

666

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade debtors

-

12,900

Other debtors

3,007

-

VAT

76

-

Prepayments

68

205

3,151

13,105

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Tax

-

8,015

Social security and other taxes

499

7,079

Other creditors

-

145

Directors' current accounts

2,108

5,482

Accrued expenses

1,014

2,784

3,621

23,505

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.22

31.12.21

value:

£

£

2

Ordinary

£1.00

2

2