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Company registration number: NI615062
NECT Limited
Unaudited filleted financial statements
31 October 2023
NECT Limited
Contents
Statement of financial position and notes to the financial statements
NECT Limited
Statement of financial position
31 October 2023
2023 2022
£ £ £ £
Fixed assets 9,229 9,559
_______ _______
Current assets 194,320 136,675
Prepayments and accrued income - 968
_______ _______
194,320 137,643
Creditors: amounts falling due within one year ( 78,139) ( 61,465)
_______ _______
Net current assets 116,181 76,178
_______ _______
Total assets less current liabilities 125,410 85,737
Creditors: amounts falling due after more than one year ( 3,203) ( 8,533)
Accruals and deferred income ( 34,278) ( 14,800)
_______ _______
Net assets 87,929 62,404
_______ _______
Capital and reserves 87,929 62,404
_______ _______
Notes to the financial statements
NECT Limited
Year ended 31 October 2023
1. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
2. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
John Mailey 41,104 106,705 ( 97,528) 50,281
_______ _______ _______ _______
2022
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
John Mailey 36,319 44,785 ( 40,000) 41,104
_______ _______ _______ _______
Overdrawn director's loan account is repayable on demand. Interest has been charged at HMRC's official rate.
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The member has not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 30 October 2024 , and are signed on behalf of the board by:
John Mailey
Director
Company registration number: NI615062
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is NECT LIMITED, 73 Ringsend Road, Limavady, Londonderry, BT49 0QJ.