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REGISTERED NUMBER: 11872258 (England and Wales)














NETCONSULTING EUROPE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2022 TO 29 MARCH 2023






NETCONSULTING EUROPE LTD (REGISTERED NUMBER: 11872258)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2022 TO 29 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NETCONSULTING EUROPE LTD

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2022 TO 29 MARCH 2023







DIRECTOR: M Lemkecher





REGISTERED OFFICE: Glenewes House
Gate Way Drive
Yeadon
Leeds
West Yorkshire
LS19 7XY





BUSINESS ADDRESS: 09 Rue de Soudan
Raoued Plage
Tunis
2056





REGISTERED NUMBER: 11872258 (England and Wales)





ACCOUNTANTS: UHY BPR Heaton
Chartered Accountants
Glenewes House
Gate Way Drive
Leeds
West Yorkshire
LS19 7XY

NETCONSULTING EUROPE LTD (REGISTERED NUMBER: 11872258)

BALANCE SHEET
29 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,469 8,594
Tangible assets 5 1,958 3,092
7,427 11,686

CURRENT ASSETS
Cash at bank 38 32

CREDITORS
Amounts falling due within one year 6 39,898 31,456
NET CURRENT LIABILITIES (39,860 ) (31,424 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(32,433

)

(19,738

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (32,434 ) (19,739 )
SHAREHOLDERS' FUNDS (32,433 ) (19,738 )

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

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

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 August 2024 and were signed by:





M Lemkecher - Director


NETCONSULTING EUROPE LTD (REGISTERED NUMBER: 11872258)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2022 TO 29 MARCH 2023

1. STATUTORY INFORMATION

Netconsulting Europe Ltd 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.

Going concern
The director has agreed to support the company's working capital for at least twelve months from the balance sheet approval date.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

NETCONSULTING EUROPE LTD (REGISTERED NUMBER: 11872258)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2022 TO 29 MARCH 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 29 March 2023 12,500
AMORTISATION
At 1 April 2022 3,906
Charge for period 3,125
At 29 March 2023 7,031
NET BOOK VALUE
At 29 March 2023 5,469
At 31 March 2022 8,594

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022
and 29 March 2023 2,296 3,597 5,893
DEPRECIATION
At 1 April 2022 636 2,165 2,801
Charge for period 574 560 1,134
At 29 March 2023 1,210 2,725 3,935
NET BOOK VALUE
At 29 March 2023 1,086 872 1,958
At 31 March 2022 1,660 1,432 3,092

NETCONSULTING EUROPE LTD (REGISTERED NUMBER: 11872258)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2022 TO 29 MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,347 415
Other creditors 37,551 31,041
39,898 31,456