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REGISTERED NUMBER: 03140728 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 31 MAY 2022 TO 29 MAY 2023

FOR

NET PEX LIMITED

NET PEX LIMITED (REGISTERED NUMBER: 03140728)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 MAY 2022 TO 29 MAY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


NET PEX LIMITED

COMPANY INFORMATION
FOR THE PERIOD 31 MAY 2022 TO 29 MAY 2023







DIRECTORS: H Deutsch
C J Endzweig
Mrs E Endzweig





SECRETARY: H Deutsch





REGISTERED OFFICE: Offices rear of 93C
Upper Clapton Road
London
E5 9BU





REGISTERED NUMBER: 03140728 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

NET PEX LIMITED (REGISTERED NUMBER: 03140728)

STATEMENT OF FINANCIAL POSITION
29 MAY 2023

29.5.23 30.5.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 454,120 460,812

CURRENT ASSETS
Debtors 5 1,220,594 835,098
Cash at bank and in hand 263,195 255,576
1,483,789 1,090,674
CREDITORS
Amounts falling due within one year 6 (1,107,863 ) (742,865 )
NET CURRENT ASSETS 375,926 347,809
TOTAL ASSETS LESS CURRENT
LIABILITIES

830,046

808,621

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 829,946 808,521
SHAREHOLDERS' FUNDS 830,046 808,621

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 May 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by:





Mrs E Endzweig - Director


NET PEX LIMITED (REGISTERED NUMBER: 03140728)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 MAY 2022 TO 29 MAY 2023

1. STATUTORY INFORMATION

Net Pex Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Improvements to property - not provided
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 84 (2022 - 35 ) .

NET PEX LIMITED (REGISTERED NUMBER: 03140728)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 MAY 2022 TO 29 MAY 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Computer
property property fittings equipment Totals
£    £    £    £    £   
COST
At 31 May 2022
and 29 May 2023 416,190 70,418 21,599 12,418 520,625
DEPRECIATION
At 31 May 2022 - 27,173 20,222 12,418 59,813
Charge for period - 6,486 206 - 6,692
At 29 May 2023 - 33,659 20,428 12,418 66,505
NET BOOK VALUE
At 29 May 2023 416,190 36,759 1,171 - 454,120
At 30 May 2022 416,190 43,245 1,377 - 460,812

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.5.23 30.5.22
£    £   
Trade debtors 422,414 185,951
Other debtors 798,180 649,147
1,220,594 835,098

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.5.23 30.5.22
£    £   
Trade creditors 347,276 63,002
Amounts owed to participating interests 132,917 82,917
Taxation and social security 159,113 238,840
Other creditors 468,557 358,106
1,107,863 742,865

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.5.23 30.5.22
value: £    £   
100 Ordinary 1 100 100

NET PEX LIMITED (REGISTERED NUMBER: 03140728)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 MAY 2022 TO 29 MAY 2023

8. RESERVES
Retained
earnings
£   

At 31 May 2022 808,521
Profit for the period 341,425
Dividends (320,000 )
At 29 May 2023 829,946

9. RELATED PARTY DISCLOSURES

As at the balance sheet date Net Pex Limited owed Evertop Limited £37,917 (2022: £37,917). Net Pex Limited and Evertop Limited share a common director.

As at the balance sheet date Midpex Holdings Limited owed Net Pex Limited £123,520 (2022: £123,520). Net Pex Limited and Midpex Holdings Limited share a common director.