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REGISTERED NUMBER: 11171292 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 January 2022

for

Netkit Systems Limited

Netkit Systems Limited (Registered number: 11171292)






Contents of the Financial Statements
for the Year Ended 31 January 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Netkit Systems Limited

Company Information
for the Year Ended 31 January 2022







DIRECTORS: D J Hughes
Mrs K B Hughes





REGISTERED OFFICE: Wren House
68 London Road
St Albans
Hertfordshire
AL1 1NG





REGISTERED NUMBER: 11171292 (England and Wales)





ACCOUNTANTS: Roy Pinnock & Co LLP
Chartered Certified Accountants
Wren House
68 London Road
St Albans
Hertfordshire
AL1 1NG

Netkit Systems Limited (Registered number: 11171292)

Balance Sheet
31 January 2022

31.1.22 31.1.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,377 8,705

CURRENT ASSETS
Debtors 5 1,442 284
Cash at bank 11,910 85,365
13,352 85,649
CREDITORS
Amounts falling due within one year 6 5,278 92,668
NET CURRENT ASSETS/(LIABILITIES) 8,074 (7,019 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,451

1,686

PROVISIONS FOR LIABILITIES 1,022 1,654
NET ASSETS 12,429 32

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 12,329 (68 )
SHAREHOLDERS' FUNDS 12,429 32

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Netkit Systems Limited (Registered number: 11171292)

Balance Sheet - continued
31 January 2022


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 5 August 2022 and were signed on its behalf by:





Mrs K B Hughes - Director


Netkit Systems Limited (Registered number: 11171292)

Notes to the Financial Statements
for the Year Ended 31 January 2022

1. STATUTORY INFORMATION

Netkit Systems 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.

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.
Plant and machinery etc - 33% on cost, 25% on cost and 20% on cost

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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Netkit Systems Limited (Registered number: 11171292)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2021 50,484 367 12,995 2,187 66,033
Additions - - - 659 659
At 31 January 2022 50,484 367 12,995 2,846 66,692
DEPRECIATION
At 1 February 2021 50,194 73 6,498 563 57,328
Charge for year 97 73 3,248 569 3,987
At 31 January 2022 50,291 146 9,746 1,132 61,315
NET BOOK VALUE
At 31 January 2022 193 221 3,249 1,714 5,377
At 31 January 2021 290 294 6,497 1,624 8,705

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£    £   
Other debtors 1,442 284

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£    £   
Taxation and social security 4,291 19,912
Other creditors 987 72,756
5,278 92,668