Registered number
08250329
NETSMART TECHNOLOGIES LIMITED
Filleted Accounts
31 March 2024
NETSMART TECHNOLOGIES LIMITED
Registered number: 08250329
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 10,500 43,300
Cash at bank and in hand 8,741 5,579
19,241 48,879
Creditors: amounts falling due within one year 4 (2,548) (14,857)
Net current assets 16,693 34,022
Total assets less current liabilities 16,693 34,022
Creditors: amounts falling due after more than one year 5 (16,361) (23,361)
Net assets 332 10,661
Capital and reserves
Called up share capital 100 100
Profit and loss account 232 10,561
Shareholders' funds 332 10,661
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.
Venkata Subrahmanyam GANNAMANI
Director
Approved by the board on 27 August 2024
NETSMART TECHNOLOGIES LIMITED
Notes to the Accounts
for the year ended 31 March 2024
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.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2024 2023
£ £
Trade debtors - 13,800
Other debtors 10,500 29,500
10,500 43,300
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 972 1,488
Taxation and social security costs 1,409 13,202
Other creditors 167 167
2,548 14,857
5 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 16,361 23,361
6 Other information
NETSMART TECHNOLOGIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
4
Wexham Road
Slough
SL1 1UA
NETSMART TECHNOLOGIES LIMITED 08250329 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 Venkata Subrahmanyam GANNAMANI No description of principal activity 08250329 2022-04-01 2023-03-31 08250329 core:WithinOneYear 2023-03-31 08250329 core:AfterOneYear 2023-03-31 08250329 core:ShareCapital 2023-03-31 08250329 core:RetainedEarningsAccumulatedLosses 2023-03-31 08250329 2023-04-01 2024-03-31 08250329 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08250329 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08250329 bus:Director40 2023-04-01 2024-03-31 08250329 1 2023-04-01 2024-03-31 08250329 2 2023-04-01 2024-03-31 08250329 countries:England 2023-04-01 2024-03-31 08250329 bus:FRS102 2023-04-01 2024-03-31 08250329 bus:FilletedAccounts 2023-04-01 2024-03-31 08250329 2024-03-31 08250329 core:WithinOneYear 2024-03-31 08250329 core:AfterOneYear 2024-03-31 08250329 core:ShareCapital 2024-03-31 08250329 core:RetainedEarningsAccumulatedLosses 2024-03-31 08250329 2023-03-31 iso4217:GBP xbrli:pure