1 December 2022 false No description of principal activity Taxfiler 2024.5 08606950business:PrivateLimitedCompanyLtd2022-12-012023-11-30 086069502022-11-30 086069502022-12-012023-11-30 08606950business:AuditExemptWithAccountantsReport2022-12-012023-11-30 08606950business:FilletedAccounts2022-12-012023-11-30 086069502023-11-30 08606950business:Director12022-12-012023-11-30 08606950business:RegisteredOffice2022-12-012023-11-30 086069502022-11-30 08606950core:WithinOneYear2023-11-30 08606950core:WithinOneYear2022-11-30 08606950core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 08606950core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 08606950core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 08606950core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 08606950core:PreviouslyStatedAmount2023-11-30 08606950core:PreviouslyStatedAmount2022-11-30 08606950business:SmallEntities2022-12-012023-11-30 08606950countries:EnglandWales2022-12-012023-11-30 08606950core:MotorVehicles2022-12-012023-11-30 08606950core:FurnitureFittings2022-12-012023-11-30 08606950core:ComputerEquipment2022-12-012023-11-30 08606950core:MotorVehicles2022-11-30 08606950core:FurnitureFittings2022-11-30 08606950core:ComputerEquipment2022-11-30 08606950core:MotorVehicles2023-11-30 08606950core:FurnitureFittings2023-11-30 08606950core:ComputerEquipment2023-11-30 08606950core:AfterOneYear2023-11-30 08606950core:AfterOneYear2022-11-30 086069502021-12-012022-11-30 iso4217:GBP xbrli:pure
Company Registration No. 08606950 (England and Wales)
Netelect Group (uk) Ltd Unaudited accounts for the year ended 30 November 2023
Netelect Group (uk) Ltd Unaudited accounts Contents
Page
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Netelect Group (uk) Ltd Company Information for the year ended 30 November 2023
Director
Arron Mark Lawrence
Company Number
08606950 (England and Wales)
Registered Office
Herald Way Pegasus Business Park East Midlands Airport Castle Donington DE74 2TZ
Accountants
S G Accountancy (UK) Ltd COLLEGE GREEN STATION ROAD Crymych Pembrokeshire SA41 3RL
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Netelect Group (uk) Ltd Accountants' report
Accountants' report to the director of Netelect Group (uk) Ltd on the preparation of the unaudited statutory accounts for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Netelect Group (uk) Ltd for the year ended 30 November 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Netelect Group (uk) Ltd, as a body, in accordance with the terms of our engagement letter dated 12 January 2018. Our work has been undertaken solely to prepare for your approval the accounts of Netelect Group (uk) Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Netelect Group (uk) Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Netelect Group (uk) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Netelect Group (uk) Ltd. You consider that Netelect Group (uk) Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Netelect Group (uk) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
S G Accountancy (UK) Ltd COLLEGE GREEN STATION ROAD Crymych Pembrokeshire SA41 3RL 3 May 2023
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Netelect Group (uk) Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,019 
7,967 
Current assets
Debtors
27,824 
1,011 
Cash at bank and in hand
30,959 
48,411 
58,783 
49,422 
Creditors: amounts falling due within one year
(16,919)
(43,485)
Net current assets
41,864 
5,937 
Net assets
47,883 
13,904 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
47,882 
13,903 
Shareholders' funds
47,883 
13,904 
For the year ending 30 November 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 September 2024 and were signed on its behalf by
Arron Mark Lawrence Director Company Registration No. 08606950
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Netelect Group (uk) Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Netelect Group (uk) Ltd is a private company, limited by shares, registered in England and Wales, registration number 08606950. The registered office is Herald Way Pegasus Business Park, East Midlands Airport , Castle Donington, DE74 2TZ.
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%
Fixtures & fittings
25%
Computer equipment
25%
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2022
24,217 
344 
3,335 
27,896 
Additions
59 
- 
- 
59 
At 30 November 2023
24,276 
344 
3,335 
27,955 
Depreciation
At 1 December 2022
17,037 
344 
2,548 
19,929 
Charge for the year
1,810 
- 
197 
2,007 
At 30 November 2023
18,847 
344 
2,745 
21,936 
Net book value
At 30 November 2023
5,429 
- 
590 
6,019 
At 30 November 2022
7,180 
- 
787 
7,967 
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Netelect Group (uk) Ltd Notes to the Accounts for the year ended 30 November 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
1,011 
1,011 
Amounts falling due after more than one year
Trade debtors
18,250 
- 
Other debtors
8,563 
- 
26,813 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
25,231 
VAT
9,504 
2,033 
Taxes and social security
- 
8,464 
Other creditors
7,165 
7,165 
Loans from directors
- 
592 
Accruals
250 
- 
16,919 
43,485 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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