Company Registration No. 09594369 (England and Wales)
NECRON LTD
Unaudited accounts
for the year ended 31 May 2024
NECRON LTD
Unaudited accounts
Contents
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
NECRON LTD
Statement of financial position
as at 31 May 2024
Tangible assets
2,603
3,254
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)
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
NECRON LTD
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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
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
At 31 May 2024
2,349
254
2,603
At 31 May 2023
2,936
318
3,254
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
6
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
73,979
80,979
7
Average number of employees
During the year the average number of employees was 2 (2023: 3).