S-NET.CO.UK LIMITED |
Unaudited Financial Statements |
for the Year Ended 30th November 2023 |
S-NET.CO.UK LIMITED |
Unaudited Financial Statements |
for the Year Ended 30th November 2023 |
S-NET.CO.UK LIMITED (REGISTERED NUMBER: 04923073) |
Contents of the Financial Statements |
for the year ended 30th November 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
S-NET.CO.UK LIMITED |
Company Information |
for the year ended 30th November 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
S-NET.CO.UK LIMITED (REGISTERED NUMBER: 04923073) |
Balance Sheet |
30th November 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Debtors | 7 |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
The director acknowledges her 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 were approved by the director and authorised for issue on |
S-NET.CO.UK LIMITED (REGISTERED NUMBER: 04923073) |
Notes to the Financial Statements |
for the year ended 30th November 2023 |
1. | STATUTORY INFORMATION |
S-Net.Co.Uk Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Critical accounting judgements and key sources of estimation uncertainty |
Preparation of the financial statements requires management to make significant judgements and estimates. The areas in the financial statements where these judgements and estimates have been made include: |
- Useful economic life and residual value of tangible fixed assets. |
- Useful economic life of intangible fixed assets. |
Intangible assets |
Intangible assets are recognised at fair value and have been amortised over 10 years. At 30 November 2017, the director has assessed the useful economic life of the asset and considers there to still be 9 years useful economic life remaining and as such, no amortisation has been recognised in the period. |
Tangible fixed assets |
Fixtures and fittings | - |
Computer equipment | - |
Taxation |
Taxation for the year 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 year 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. |
S-NET.CO.UK LIMITED (REGISTERED NUMBER: 04923073) |
Notes to the Financial Statements - continued |
for the year ended 30th November 2023 |
2. | ACCOUNTING POLICIES - continued |
Creditors |
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
Financial instruments |
The company only enters into basic financial instrument transactions that result in the recognition of loans from banks and other third parties. |
Finance costs |
Finance costs are charged to the income statement and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. |
Going concern |
The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future, and at least twelve months from the date of signing these accounts. The director has reasonable expectation that the company can continue to meet it's liabilities as they fall due. Based on the above, the director believes it is appropriate to prepare the financial statements on a going concern basis. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
At 1st December 2022 |
and 30th November 2023 |
AMORTISATION |
At 1st December 2022 |
and 30th November 2023 |
NET BOOK VALUE |
At 30th November 2023 |
At 30th November 2022 |
S-NET.CO.UK LIMITED (REGISTERED NUMBER: 04923073) |
Notes to the Financial Statements - continued |
for the year ended 30th November 2023 |
5. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1st December 2022 |
and 30th November 2023 |
DEPRECIATION |
At 1st December 2022 |
Charge for year |
At 30th November 2023 |
NET BOOK VALUE |
At 30th November 2023 |
At 30th November 2022 |
6. | FIXED ASSET INVESTMENTS |
Loans to |
joint |
ventures |
£ |
At 1st December 2022 |
and 30th November 2023 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Other creditors |
9. | RELATED PARTY DISCLOSURES |
Included in other creditors is the sum of £128,387 (2022 - £126,267) owed to Mrs P E Potter-Hayes, a director of the business. |