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REGISTERED NUMBER: 09906350 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Neteffekt Limited

Neteffekt Limited (Registered number: 09906350)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Neteffekt Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A Toal
D G Holmes





REGISTERED OFFICE: Leofric House
Binley Road
Coventry
CV3 1JN





REGISTERED NUMBER: 09906350 (England and Wales)





ACCOUNTANTS: Leigh Christou Ltd
Chartered Certified Accountants
Leofric House
Binley Road
Coventry
CV3 1JN

Neteffekt Limited (Registered number: 09906350)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 100 457,735

CURRENT ASSETS
Debtors 5 504,558 5,705
Cash at bank 387 21
504,945 5,726
CREDITORS
Amounts falling due within one year 6 19,604 -
NET CURRENT ASSETS 485,341 5,726
TOTAL ASSETS LESS CURRENT
LIABILITIES

485,441

463,461

PROVISIONS FOR LIABILITIES - 19,849
NET ASSETS 485,441 443,612

CAPITAL AND RESERVES
Called up share capital 200 200
Revaluation reserve 7 - 83,195
Retained earnings 485,241 360,217
485,441 443,612

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Neteffekt Limited (Registered number: 09906350)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:




A Toal - Director



D G Holmes - Director


Neteffekt Limited (Registered number: 09906350)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Neteffekt Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Neteffekt Limited (Registered number: 09906350)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 100 457,635 457,735
Disposals - (457,635 ) (457,635 )
At 31 March 2024 100 - 100
NET BOOK VALUE
At 31 March 2024 100 - 100
At 31 March 2023 100 457,635 457,735

Cost or valuation at 31 March 2024 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2022 - 76,000 76,000
Valuation in 2023 - 21,635 21,635
Valuation in 2024 - (97,635 ) (97,635 )
Cost 100 - 100
100 - 100

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by group undertakings 445,000 -
Other debtors 59,558 5,705
504,558 5,705

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 19,604 -

7. RESERVES
Revaluation
reserve
£   
At 1 April 2023 83,195
Non Distributable Reserves (83,195 )

At 31 March 2024 -

Neteffekt Limited (Registered number: 09906350)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
A Toal
Balance outstanding at start of year 3,029 (466 )
Amounts advanced 54,820 3,495
Amounts repaid (3,250 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 54,599 3,029

D G Holmes
Balance outstanding at start of year 2,676 (3,327 )
Amounts advanced 5,532 6,003
Amounts repaid (3,250 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,958 2,676

The above loans have been charged at HMRC Official Rate Of Interest and are repaid in full following the balance sheet date.

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr and Mrs Toal and Mr and Mrs Holmes by virtue of their joint shareholdings in the company.