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REGISTERED NUMBER: 03655425 (England and Wales)















NETWASP.NET LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 OCTOBER 2023






NETWASP.NET LIMITED (REGISTERED NUMBER: 03655425)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


NETWASP.NET LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Mr J R Hunt





REGISTERED OFFICE: 8 Skylark Field
Lower Stondon
Henlow
Bedfordshire
SG16 6GE





REGISTERED NUMBER: 03655425 (England and Wales)

NETWASP.NET LIMITED (REGISTERED NUMBER: 03655425)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 22,972 25,457
Investments 5 14,969 5,910
37,941 31,367

CURRENT ASSETS
Debtors 6 78,225 76,067
Cash at bank 16,245 8,996
94,470 85,063
CREDITORS
Amounts falling due within one year 7 (91,694 ) (72,018 )
NET CURRENT ASSETS 2,776 13,045
TOTAL ASSETS LESS CURRENT LIABILITIES 40,717 44,412

CREDITORS
Amounts falling due after more than one
year

8

(27,133

)

(31,598

)

PROVISIONS FOR LIABILITIES (4,365 ) (4,837 )
NET ASSETS 9,219 7,977

NETWASP.NET LIMITED (REGISTERED NUMBER: 03655425)

BALANCE SHEET - continued
31 OCTOBER 2023

2023 2022
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9,119 7,877
9,219 7,977

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2024 and were signed by:





Mr J R Hunt - Director


NETWASP.NET LIMITED (REGISTERED NUMBER: 03655425)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Netwasp.Net 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 (£) and are rounded to the
nearest Pound.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Financial instruments
Basic financial instruments are recognised at amortised cost.

NETWASP.NET LIMITED (REGISTERED NUMBER: 03655425)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 November 2022 122,041 15,973 138,014
Additions 6,181 - 6,181
At 31 October 2023 128,222 15,973 144,195
DEPRECIATION
At 1 November 2022 96,679 15,878 112,557
Charge for year 8,642 24 8,666
At 31 October 2023 105,321 15,902 121,223
NET BOOK VALUE
At 31 October 2023 22,901 71 22,972
At 31 October 2022 25,362 95 25,457

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Investment assets 14,969 5,910

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by related undertaking 46,708 30,679
Other debtors 31,517 45,388
78,225 76,067

NETWASP.NET LIMITED (REGISTERED NUMBER: 03655425)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,464 4,412
Taxation and social security 78,586 56,731
Other creditors 8,644 10,875
91,694 72,018

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 27,133 31,598

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,098 13,040