Netazu Digital Ltd 10465652 false 2022-12-01 2024-05-31 2024-05-31 The principal activity of the company is the provision of IT development support. Digita Accounts Production Advanced 6.30.9574.0 true true 10465652 2022-12-01 2024-05-31 10465652 2024-05-31 10465652 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-05-31 10465652 core:RetainedEarningsAccumulatedLosses 2024-05-31 10465652 core:ShareCapital 2024-05-31 10465652 core:SharePremium 2024-05-31 10465652 core:CurrentFinancialInstruments 2024-05-31 10465652 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 10465652 core:FurnitureFittingsToolsEquipment 2024-05-31 10465652 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-05-31 10465652 bus:SmallEntities 2022-12-01 2024-05-31 10465652 bus:AuditExemptWithAccountantsReport 2022-12-01 2024-05-31 10465652 bus:FilletedAccounts 2022-12-01 2024-05-31 10465652 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2024-05-31 10465652 bus:RegisteredOffice 2022-12-01 2024-05-31 10465652 bus:Director1 2022-12-01 2024-05-31 10465652 bus:Director2 2022-12-01 2024-05-31 10465652 bus:Director4 2022-12-01 2024-05-31 10465652 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-12-01 2024-05-31 10465652 bus:PrivateLimitedCompanyLtd 2022-12-01 2024-05-31 10465652 bus:Agent1 2022-12-01 2024-05-31 10465652 core:FurnitureFittingsToolsEquipment 2022-12-01 2024-05-31 10465652 core:OfficeEquipment 2022-12-01 2024-05-31 10465652 core:KeyManagementPersonnel 2022-12-01 2024-05-31 10465652 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-12-01 2024-05-31 10465652 countries:EnglandWales 2022-12-01 2024-05-31 10465652 2022-11-30 10465652 core:FurnitureFittingsToolsEquipment 2022-11-30 10465652 2021-12-01 2022-11-30 10465652 2022-11-30 10465652 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-11-30 10465652 core:RetainedEarningsAccumulatedLosses 2022-11-30 10465652 core:ShareCapital 2022-11-30 10465652 core:SharePremium 2022-11-30 10465652 core:CurrentFinancialInstruments 2022-11-30 10465652 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 10465652 core:FurnitureFittingsToolsEquipment 2022-11-30 10465652 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-11-30 10465652 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2021-12-01 2022-11-30 10465652 2021-11-30 10465652 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2021-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10465652

Netazu Digital Ltd

Unaudited Filleted Financial Statements

for the Period from 1 December 2022 to 31 May 2024

 

Netazu Digital Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 9

 

Netazu Digital Ltd

Company Information

Directors

Mr P Simpson

Mr T Crawley

Mr ML Stephens

Registered office

Ground Floor, Seneca House
Links Point, Amy Johnson Way
Blackpool
Lancashire
FY4 2FF

Accountants

Crossley & Davis Chartered Accountants
Ground Floor, Seneca House
Links Point, Amy Johnson Way
Blackpool
Lancashire
FY4 2FF

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Netazu Digital Ltd
for the Period Ended 31 May 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Netazu Digital Ltd for the period ended 31 May 2024 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Netazu Digital Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Netazu Digital Ltd and state those matters that we have agreed to state to the Board of Directors of Netazu Digital Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Netazu Digital Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Netazu Digital 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 Netazu Digital Ltd. You consider that Netazu Digital Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Netazu Digital 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.

......................................

Crossley & Davis Chartered Accountants
Ground Floor, Seneca House
Links Point, Amy Johnson Way
Blackpool
Lancashire
FY4 2FF

23 September 2024

 

Netazu Digital Ltd

(Registration number: 10465652)
Balance Sheet as at 31 May 2024

Note

2024
£

2022
£

Fixed assets

 

Tangible assets

4

1,203

1,504

Current assets

 

Debtors

5

1,280

7,267

Cash at bank and in hand

 

24,568

17,889

 

25,848

25,156

Creditors: Amounts falling due within one year

6

(7,182)

(1,741)

Net current assets

 

18,666

23,415

Net assets

 

19,869

24,919

Capital and reserves

 

Called up share capital

7

100

100

Share premium reserve

17,910

17,910

Retained earnings

1,859

6,909

Shareholders' funds

 

19,869

24,919

For the financial period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 September 2024 and signed on its behalf by:
 

 

Netazu Digital Ltd

(Registration number: 10465652)
Balance Sheet as at 31 May 2024

.........................................
Mr ML Stephens
Director

 

Netazu Digital Ltd

Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Ground Floor, Seneca House
Links Point, Amy Johnson Way
Blackpool
Lancashire
FY4 2FF
England

These financial statements were authorised for issue by the Board on 23 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Netazu Digital Ltd

Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 31 May 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Netazu Digital Ltd

Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 31 May 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3 (2022 - 3).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2022

1,882

1,882

At 31 May 2024

1,882

1,882

Depreciation

At 1 December 2022

378

378

Charge for the period

301

301

At 31 May 2024

679

679

Carrying amount

At 31 May 2024

1,203

1,203

At 30 November 2022

1,504

1,504

 

Netazu Digital Ltd

Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 31 May 2024

5

Debtors

Current

2024
£

2022
£

Other debtors

1,280

7,267

 

1,280

7,267

6

Creditors

Creditors: amounts falling due within one year

2024
£

2022
£

Due within one year

Taxation and social security

692

-

Accruals and deferred income

2,490

1,740

Other creditors

4,000

1

7,182

1,741

7

Share capital

Allotted, called up and fully paid shares

2024

2022

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       
 

Netazu Digital Ltd

Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 31 May 2024

8

Related party transactions

Loans to related parties

2024

Key management
£

Total
£

Advanced

5,000

5,000

At end of period

5,000

5,000

2022

Key management
£

Total
£

At start of period

22,500

22,500

Repaid

(22,500)

(22,500)

At end of period

-

-

Terms of loans to related parties

Interest is charged on individual balances exceeding £10,000 at approved HMRC rates.