Registered number
03221110
NETSOURCE WORLDWIDE LIMITED
Filleted Accounts
31 July 2023
NETSOURCE WORLDWIDE LIMITED
Registered number: 03221110
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 111,907 113,113
Net current assets 111,907 113,113
Net assets 111,907 113,113
Capital and reserves
Called up share capital 160,000 160,000
Profit and loss account (48,093) (46,887)
Shareholders' funds 111,907 113,113
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mario Seghi
Director
Approved by the board on 3 April 2024
NETSOURCE WORLDWIDE LIMITED
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - 1
3 Debtors 2023 2022
£ £
Other debtors 111,907 113,113
4 Other information
NETSOURCE WORLDWIDE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
102 Langdale House
11 Marshalsea Road
London
SE1 1EN
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