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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
Page
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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
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N.E.T. Industrial Services Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
222 
2,810 
Current assets
Debtors
15,228 
21,786 
Cash at bank and in hand
109,598 
79,016 
124,826 
100,802 
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
Deferred tax
(42)
(534)
Net assets
89,183 
66,813 
Capital and reserves
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
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N.E.T. Industrial Services Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 taxation
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 
Depreciation
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 
Net book value
At 31 July 2023
- 
222 
222 
At 31 July 2022
2,370 
440 
2,810 
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N.E.T. Industrial Services Limited Notes to the Accounts for the year ended 31 July 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
14,514 
21,173 
Accrued income and prepayments
714 
613 
15,228 
21,786 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
7,630 
10,906 
Trade creditors
487 
1,205 
Taxes and social security
13,501 
14,415 
Loans from directors
13,705 
8,564 
Accruals
500 
1,175 
35,823 
36,265 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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