Nekta Limited |
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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These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
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Debtors |
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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. |
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Creditors |
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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. |
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Taxation |
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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. |
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Research and development |
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Expenditure on research and development is written off as incurred. |
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Pensions |
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Contributions to defined contribution plans are expensed in the period to which they relate. |
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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 |
1 |
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1 |
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3 |
Debtors |
2023 |
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2022 |
£ |
£ |
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Trade debtors |
- |
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70,745 |
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Other debtors |
- |
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2,446 |
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- |
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73,191 |
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4 |
Creditors: amounts falling due within one year |
2023 |
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2022 |
£ |
£ |
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Trade creditors |
1,131 |
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19,234 |
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Corporation tax |
(69,794) |
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(38,446) |
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Other taxes and social security costs |
(628) |
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30,769 |
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Other creditors |
31,179 |
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750 |
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(38,112) |
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12,307 |
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5 |
Other information |
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Nekta Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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2 Hinksey Court |
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Church Way |
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Oxford |
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Oxfordshire |
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OX2 9SX |