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Company Registration No. 09594369 (England and Wales)
NECRON LTD Unaudited accounts for the year ended 31 May 2024
NECRON LTD Unaudited accounts Contents
Page
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NECRON LTD Company Information for the year ended 31 May 2024
Directors
Mr. Muhammad Waseem Ms. Kanwal Waseem
Company Number
09594369 (England and Wales)
Registered Office
63-66 Hatton Garden 5th Floor, Suite 23 London EC1N 8LE United Kingdom
Accountants
G&S ACCOUNTANTS LIMITED First Floor, Victoria House Victoria Street High Wycombe, Bucks England, United Kingdom HP11 2LU
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NECRON LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,603 
3,254 
Current assets
Cash at bank and in hand
153,760 
134,194 
Creditors: amounts falling due within one year
(22,753)
(29,306)
Net current assets
131,007 
104,888 
Total assets less current liabilities
133,610 
108,142 
Creditors: amounts falling due after more than one year
(85,276)
(98,884)
Net assets
48,334 
9,258 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
48,333 
9,257 
Shareholders' funds
48,334 
9,258 
For the year ending 31 May 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 18 October 2024 and were signed on its behalf by
Mr. Muhammad Waseem Director Company Registration No. 09594369
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NECRON LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
NECRON LTD is a private company, limited by shares, registered in England and Wales, registration number 09594369. The registered office is 63-66 Hatton Garden , 5th Floor, Suite 23, London, EC1N 8LE, United Kingdom.
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:
Plant & machinery
20%
Motor vehicles
20%
Fixtures & fittings
20%
Computer equipment
20%
Other tangible fixed assets
20%
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
14,000 
1,520 
15,520 
At 31 May 2024
14,000 
1,520 
15,520 
Depreciation
At 1 June 2023
11,064 
1,202 
12,266 
Charge for the year
587 
64 
651 
At 31 May 2024
11,651 
1,266 
12,917 
Net book value
At 31 May 2024
2,349 
254 
2,603 
At 31 May 2023
2,936 
318 
3,254 
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NECRON LTD Notes to the Accounts for the year ended 31 May 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
22,753 
15,651 
Other creditors
- 
13,655 
22,753 
29,306 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,297 
17,905 
Loans from directors
73,979 
80,979 
85,276 
98,884 
7
Average number of employees
During the year the average number of employees was 2 (2023: 3).
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