Company Registration No. 03308701 (England and Wales)
Netcom Distributors Limited
Unaudited accounts
for the year ended 31 December 2022
Netcom Distributors Limited
Unaudited accounts
Contents
Netcom Distributors Limited
Company Information
for the year ended 31 December 2022
Director
Mussarat Fatima Kostar Bhatti
Company Number
03308701 (England and Wales)
Registered Office
110 Hempstead Road
Watford
WD17 4LA
England
Accountants
AMS Accountants
4 Raleigh House
Admirals Way
Canary Wharf
London
E14 9SN
Netcom Distributors Limited
Statement of financial position
as at 31 December 2022
Tangible assets
2,470,237
2,470,317
Cash at bank and in hand
50,660
147,426
Creditors: amounts falling due within one year
(712,259)
(818,514)
Net current liabilities
(651,492)
(660,981)
Total assets less current liabilities
1,818,745
1,809,336
Creditors: amounts falling due after more than one year
(644,270)
(663,197)
Net assets
1,174,475
1,146,139
Called up share capital
100
100
Profit and loss account
1,174,375
1,146,039
Shareholders' funds
1,174,475
1,146,139
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 January 2024 and were signed on its behalf by
Mussarat Fatima Kostar Bhatti
Director
Company Registration No. 03308701
Netcom Distributors Limited
Notes to the Accounts
for the year ended 31 December 2022
Netcom Distributors Limited is a private company, limited by shares, registered in England and Wales, registration number 03308701. The registered office is 110 Hempstead Road, Watford, WD17 4LA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2022
2,469,785
4,360
2,474,145
At 31 December 2022
2,469,785
4,360
2,474,145
At 1 January 2022
-
3,828
3,828
Charge for the year
-
80
80
At 31 December 2022
-
3,908
3,908
At 31 December 2022
2,469,785
452
2,470,237
At 31 December 2021
2,469,785
532
2,470,317
Amounts falling due within one year
Other debtors
10,107
10,107
Netcom Distributors Limited
Notes to the Accounts
for the year ended 31 December 2022
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
536,473
536,473
Taxes and social security
13,732
43,454
Other creditors
160,607
235,664
7
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
644,270
663,197
8
Average number of employees
During the year the average number of employees was 0 (2021: 0).