Company Registration No. 06943891 (England and Wales)
N.E.T. Industrial Services Limited
Unaudited accounts
for the year ended 31 July 2023
N.E.T. Industrial Services Limited
Unaudited accounts
Contents
N.E.T. Industrial Services Limited
Company Information
for the year ended 31 July 2023
Director
Mr Robin Stapleton
Company Number
06943891 (England and Wales)
Registered Office
32 Pennant Road
Nottingham
NG6 0JB
Accountants
ASH ACCOUNTING LTD
44A GEDLING ROAD
CARLTON
NOTTINGHAM
NG4 3FH
N.E.T. Industrial Services Limited
Statement of financial position
as at 31 July 2023
Cash at bank and in hand
109,598
79,016
Creditors: amounts falling due within one year
(35,823)
(36,265)
Net current assets
89,003
64,537
Total assets less current liabilities
89,225
67,347
Provisions for liabilities
Called up share capital
34
34
Profit and loss account
89,149
66,779
Shareholders' funds
89,183
66,813
For the year ending 31 July 2023 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 his 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 4 April 2024 and were signed on its behalf by
Mr Robin Stapleton
Director
Company Registration No. 06943891
N.E.T. Industrial Services Limited
Notes to the Accounts
for the year ended 31 July 2023
N.E.T. Industrial Services Limited is a private company, limited by shares, registered in England and Wales, registration number 06943891. The registered office is 32 Pennant Road, Nottingham, NG6 0JB.
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:
Motor vehicles
25% on cost
Computer equipment
33% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2022
16,262
658
16,920
At 31 July 2023
16,262
658
16,920
At 1 August 2022
13,892
218
14,110
Charge for the year
2,370
218
2,588
At 31 July 2023
16,262
436
16,698
At 31 July 2022
2,370
440
2,810
N.E.T. Industrial Services Limited
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
Trade debtors
14,514
21,173
Accrued income and prepayments
714
613
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
13,501
14,415
Loans from directors
13,705
8,564
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Average number of employees
During the year the average number of employees was 1 (2022: 1).