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REGISTERED NUMBER: 08730202 (England and Wales)
























NETVILLE LIMITED

UNAUDITED CESSATION FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






NETVILLE LIMITED (REGISTERED NUMBER: 08730202)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NETVILLE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: G Bailey





REGISTERED OFFICE: 6-7 Castle Gate
Castle Street
Hertford
Hertfordshire
SG14 1HD





REGISTERED NUMBER: 08730202 (England and Wales)





ACCOUNTANTS: TC Group
6-7 Castle Gate
Castle Street
Hertford
Hertfordshire
SG14 1HD

NETVILLE LIMITED (REGISTERED NUMBER: 08730202)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 - 3,926

CURRENT ASSETS
Debtors 4 10,557 5,461
Cash at bank 8,477 13,255
19,034 18,716
CREDITORS
Amounts falling due within one year 5 18,932 13,273
NET CURRENT ASSETS 102 5,443
TOTAL ASSETS LESS CURRENT LIABILITIES 102 9,369

CREDITORS
Amounts falling due after more than
one year

6

-

(6,587

)

PROVISIONS FOR LIABILITIES - (743 )
NET ASSETS 102 2,039

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2 1,939
102 2,039

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

NETVILLE LIMITED (REGISTERED NUMBER: 08730202)

BALANCE SHEET - continued
31 MARCH 2023


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 director and authorised for issue on 3 November 2023 and were signed by:





G Bailey - Director


NETVILLE LIMITED (REGISTERED NUMBER: 08730202)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts have been prepared under the historical cost convention and in accordance with
FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as
applied to small entities by section 1A of the standard).

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts
and value added taxes. Turnover includes revenue earned from the sale of goods and from the
rendering of services. Turnover from the sale of goods is recognised when the significant risks and
rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of
services is recognised by reference to the stage of completion of the contract. The stage of completion
of a contract is measured by comparing the costs incurred for work performed to date to the total
estimated contract costs.

Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Computer equipment over 4 years

Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past
periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover
tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the
recognition of income and expenses in the financial statements and their inclusion in tax assessments.
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.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively
enacted by the reporting date and that are expected to apply to the reversal of the timing difference,
except for revalued land and investment property where the tax rate that applies to the sale of the
asset is used. Current and deferred tax assets and liabilities are not discounted.

Pension costs and other post-retirement benefits
Contributions to defined contribution plans are expensed in the period to which they relate.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

NETVILLE LIMITED (REGISTERED NUMBER: 08730202)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

3. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2022 7,073
Additions 2,213
Disposals (9,286 )
At 31 March 2023 -
DEPRECIATION
At 1 April 2022 3,147
Eliminated on disposal (3,147 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 3,926

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,705 5,343
Other debtors 5,852 118
10,557 5,461

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,587 2,080
Trade creditors 828 829
Taxation and social security 10,077 6,902
Other creditors 1,440 3,462
18,932 13,273

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 6,587

NETVILLE LIMITED (REGISTERED NUMBER: 08730202)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. RELATED PARTY DISCLOSURES

During the year, the company loaned money to Mr Bailey (Director) with no set repayment date. At the year end the amount due to the company from the director was £5,852 (2022: £2,085 due from the company to the director). This balance was repaid to the company within 9 months after the year end.

Also during the year, Mr Bailey received dividends from the company in accordance with his shareholding of £15,549 (2022: £8,752).

8. ULTIMATE CONTROLLING PARTY

The director, Mr G Bailey and close family member, controlled the company by virtue of a controlling interest in 57% of the issued ordinary share capital.