Net Spartio Ltd |
Notes to the Accounts |
for the year ended 28 February 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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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). |
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Tangible fixed assets |
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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: |
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Freehold buildings |
over 50 years |
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Leasehold land and buildings |
over the lease term |
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Plant and machinery |
over 3 years |
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Fixtures, fittings, tools and equipment |
over 5 years |
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2 |
Employees |
2023 |
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2022 |
Number |
Number |
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Average number of persons employed by the company |
0 |
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0 |
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3 |
Tangible fixed assets |
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Plant and machinery etc |
£ |
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Cost |
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At 1 March 2022 |
3,301 |
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Additions |
3,044 |
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At 28 February 2023 |
6,345 |
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Depreciation |
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At 1 March 2022 |
128 |
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Charge for the year |
1,342 |
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At 28 February 2023 |
1,470 |
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Net book value |
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At 28 February 2023 |
4,875 |
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At 28 February 2022 |
3,173 |
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4 |
Debtors |
2023 |
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2022 |
£ |
£ |
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Other debtors |
149,837 |
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187,381 |
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5 |
Creditors: amounts falling due within one year |
2023 |
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2022 |
£ |
£ |
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Trade creditors |
33,145 |
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190,495 |
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Taxation and social security costs |
36,075 |
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18,002 |
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69,313 |
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208,497 |
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6 |
Other information |
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Net Spartio Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
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8 Shepherd Market |
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Suite 127 |
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London |
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W1J 7JY |