2022-06-01 2023-05-31 false No description of principal activity Capium Accounts Production 1.1 10176743 bus:FullAccounts 2022-06-01 2023-05-31 10176743 bus:FRS102 2022-06-01 2023-05-31 10176743 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 10176743 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 10176743 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 10176743 2022-06-01 2023-05-31 10176743 2023-05-31 10176743 bus:RegisteredOffice 2022-06-01 2023-05-31 10176743 core:WithinOneYear 2023-05-31 10176743 core:AfterOneYear 2023-05-31 10176743 bus:Director1 2022-06-01 2023-05-31 10176743 bus:Director1 2023-05-31 10176743 bus:Director1 2021-06-01 2022-05-31 10176743 bus:Director2 2022-06-01 2023-05-31 10176743 bus:Director2 2023-05-31 10176743 bus:Director2 2021-06-01 2022-05-31 10176743 2021-06-01 10176743 bus:CompanySecretary1 2022-06-01 2023-05-31 10176743 bus:LeadAgentIfApplicable 2022-06-01 2023-05-31 10176743 2021-06-01 2022-05-31 10176743 2022-05-31 10176743 core:WithinOneYear 2022-05-31 10176743 core:AfterOneYear 2022-05-31 10176743 bus:EntityAccountantsOrAuditors 2021-06-01 2022-05-31 10176743 core:PlantMachinery 2022-06-01 2023-05-31 10176743 core:PlantMachinery 2023-05-31 10176743 core:PlantMachinery 2022-05-31 10176743 core:MotorCars 2022-06-01 2023-05-31 10176743 core:MotorCars 2023-05-31 10176743 core:MotorCars 2022-05-31 10176743 core:FurnitureFittings 2022-06-01 2023-05-31 10176743 core:FurnitureFittings 2023-05-31 10176743 core:FurnitureFittings 2022-05-31 10176743 core:ComputerEquipment 2022-06-01 2023-05-31 10176743 core:ComputerEquipment 2023-05-31 10176743 core:ComputerEquipment 2022-05-31 10176743 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-05-31 10176743 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-05-31 10176743 core:CostValuation core:Non-currentFinancialInstruments 2023-05-31 10176743 core:CostValuation core:Non-currentFinancialInstruments 2022-05-31 10176743 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-05-31 10176743 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-05-31 10176743 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-05-31 10176743 core:Non-currentFinancialInstruments 2023-05-31 10176743 core:Non-currentFinancialInstruments 2022-05-31 10176743 core:ShareCapital 2023-05-31 10176743 core:ShareCapital 2022-05-31 10176743 core:RetainedEarningsAccumulatedLosses 2023-05-31 10176743 core:RetainedEarningsAccumulatedLosses 2022-05-31 10176743 dpl:Item1 2022-06-01 10176743 dpl:Item1 2023-05-31 10176743 dpl:Item1 2021-06-01 10176743 dpl:Item1 2022-05-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 10176743
England and Wales

 

 

 

NET7 SERVICES LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 June 2022

End date: 31 May 2023
Directors Mrs K S Franke
Mr J P Franke
Registered Number 10176743
Registered Office 1 Andromeda House
Calleva Park
Aldermaston
Berkshire
RG7 8AP
Accountants Dove Marsh & Jones
1 Andromeda House
Calleva Park
Aldermaston
Berkshire
RG7 8AP
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 31 May 2023.
Directors
The directors who served the company throughout the year were as follows:
Mrs K S Franke
Mr J P Franke
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Mr J P Franke
Director

Date approved: 05 March 2024
2
Report to the directors on the preparation of the unaudited statutory accounts of Net7 Services Ltd for the year ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Net7 Services Ltd for the year ended 31 May 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of Net7 Services Ltd, as a body, in accordance with the terms of our engagement letter dated 05 March 2024 Our work has been undertaken solely to prepare for your approval the accounts of Net7 Services Ltd and state those matters that we have agreed to state to the Board of Directors of Net7 Services Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Net7 Services Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Net7 Services Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Net7 Services Ltd. You consider that Net7 Services Ltd is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of Net7 Services Ltd. 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 accounts
31 May 2023



....................................................
Dove Marsh & Jones
1 Andromeda House
Calleva Park
Aldermaston
Berkshire
RG7 8AP
05 March 2024
3
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 60,841    78,221 
60,841    78,221 
Current assets      
Debtors 4 76,855    378,058 
Cash at bank and in hand 315,853    63,470 
392,708    441,528 
Creditors: amount falling due within one year 5 (109,088)   (173,452)
Net current assets 283,620    268,076 
 
Total assets less current liabilities 344,461    346,297 
Provisions for liabilities 6 (14,582)   (14,279)
Net assets 329,879    332,018 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 329,779    331,918 
Shareholder's funds 329,879    332,018 
 


For the year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 05 March 2024 and were signed on its behalf by:


-------------------------------
Mr J P Franke
Director
4
General Information
Net7 Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 10176743, registration address 1 Andromeda House, Calleva Park, Aldermaston, Berkshire, RG7 8AP. The trading address of the company is 46 Inglewood Avenue, Camberley, Surrey, GU15 1RL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 20% Reducing Balance
Computer Equipment 25% Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 0).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 June 2022 3,600    64,670    21,323    16,148    105,741 
Additions     249    4,163    4,412 
Disposals       (2,082)   (2,082)
At 31 May 2023 3,600    64,670    21,572    18,229    108,071 
Depreciation
At 01 June 2022 1,463    1,347    13,864    10,846    27,520 
Charge for year 534    15,831    1,517    2,349    20,231 
On disposals       (521)   (521)
At 31 May 2023 1,997    17,178    15,381    12,674    47,230 
Net book values
Closing balance as at 31 May 2023 1,603    47,492    6,191    5,555    60,841 
Opening balance as at 01 June 2022 2,137    63,323    7,459    5,302    78,221 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 35,416    338,851 
Prepayments & Accrued Income 13,439    11,207 
Other Debtors 28,000    28,000 
76,855    378,058 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 38,478    47,858 
Corporation Tax 55,156    55,865 
Directors' Current Accounts 5,310    21,676 
VAT 10,144    48,053 
109,088    173,452 

6.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 14,582    14,279 
14,582    14,279 

5