Caseware UK (AP4) 2022.0.179 2022.0.179 2023-09-302023-09-302022-10-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02969276 2022-10-01 2023-09-30 02969276 2021-10-01 2022-09-30 02969276 2023-09-30 02969276 2022-09-30 02969276 2021-10-01 02969276 c:CompanySecretary1 2022-10-01 2023-09-30 02969276 c:Director1 2022-10-01 2023-09-30 02969276 c:RegisteredOffice 2022-10-01 2023-09-30 02969276 d:ComputerEquipment 2022-10-01 2023-09-30 02969276 d:CurrentFinancialInstruments 2023-09-30 02969276 d:CurrentFinancialInstruments 2022-09-30 02969276 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 02969276 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 02969276 d:ShareCapital 2023-09-30 02969276 d:ShareCapital 2022-09-30 02969276 d:ShareCapital 2021-10-01 02969276 d:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 02969276 d:RetainedEarningsAccumulatedLosses 2023-09-30 02969276 d:RetainedEarningsAccumulatedLosses 2021-10-01 2022-09-30 02969276 d:RetainedEarningsAccumulatedLosses 2022-09-30 02969276 d:RetainedEarningsAccumulatedLosses 2021-10-01 02969276 c:FRS102 2022-10-01 2023-09-30 02969276 c:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 02969276 c:FullAccounts 2022-10-01 2023-09-30 02969276 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 02969276










NETTEK LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
NETTEK LIMITED
 

COMPANY INFORMATION


DIRECTOR
S. E. KARMEINSKY 




COMPANY SECRETARY
B & C COMPANY SECRETARIAL SERVICES LTD



REGISTERED NUMBER
02969276



REGISTERED OFFICE
930 HIGH ROAD
LONDON

N12 9RT




ACCOUNTANTS
BAGINSKY COHEN
CHARTERED ACCOUNTANTS

930 HIGH ROAD

LONDON

N12 9RT





 
NETTEK LIMITED
 

CONTENTS



Page
Accountants' report
 
1
Balance sheet
 
2
Statement of changes in equity
 
3
Notes to the financial statements
 
4 - 6


 
NETTEK LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF NETTEK LIMITED
FOR THE YEAR ENDED 30 SEPTEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Nettek Limited for the year ended 30 September 2023 which comprise the Balance sheet, the Statement of changes in equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Nettek Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Nettek Limited  and state those matters that we have agreed to state to the director of Nettek Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nettek Limited and its director for our work or for this report. 

It is your duty to ensure that Nettek Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Nettek Limited. You consider that Nettek Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Nettek Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



BAGINSKY COHEN
 
CHARTERED ACCOUNTANTS
  
930 HIGH ROAD
LONDON
N12 9RT
14 November 2023
Page 1

 
NETTEK LIMITED
REGISTERED NUMBER: 02969276

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 3 
228
106

Cash at bank and in hand
 4 
8,857
9,670

  
9,085
9,776

Creditors: amounts falling due within one year
 5 
(33,291)
(32,161)

Net current liabilities
  
 
 
(24,206)
 
 
(22,385)

Total assets less current liabilities
  
(24,206)
(22,385)

  

Net liabilities
  
(24,206)
(22,385)


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
(24,216)
(22,395)

  
(24,206)
(22,385)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 November 2023.




S. E. KARMEINSKY
Director

The notes on pages 4 to 6 form part of these financial statements.

Page 2

 
NETTEK LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

AT 1 OCTOBER 2021
10
(21,924)
(21,914)


Comprehensive income for the year

Loss for the year

-
(471)
(471)


AT 1 OCTOBER 2022
10
(22,395)
(22,385)


Comprehensive income for the year

Loss for the year
-
(1,821)
(1,821)


AT 30 SEPTEMBER 2022
10
(24,216)
(24,206)


The notes on pages 4 to 6 form part of these financial statements.

Page 3

 
NETTEK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.ACCOUNTING POLICIES

 
1.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
1.2

GOING CONCERN

The financial statements have been prepared under the going concern basis despite the deficiency of shareholders' fund at the year end. The company's ability to continue trading as a going concern is dependent on the continued support of the company's lenders. 

  
1.3

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the  Company and the revenue can be reliably measured. Revenue is measured as the fair value of the   consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
1.4

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
1.5

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
NETTEK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.ACCOUNTING POLICIES (CONTINUED)

 
1.6

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.7

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.8

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


2.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


3.


DEBTORS

2023
2022
£
£


Other debtors
228
106

228
106



4.


CASH AND CASH EQUIVALENTS

2023
2022
£
£

Cash at bank and in hand
8,857
9,670


Page 5

 
NETTEK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5.


CREDITORS: Amounts falling due within one year

2023
2022
£
£

Other creditors
32,291
31,161

Accruals and deferred income
1,000
1,000

33,291
32,161



Page 6