Company Registration No. 08831991 (England and Wales)
Netsol Solutions Limited
Unaudited accounts
for the year ended 31 January 2024
Netsol Solutions Limited
Unaudited accounts
Contents
Netsol Solutions Limited
Company Information
for the year ended 31 January 2024
Directors
Anwar Siddiqui
Syed Ismail
Company Number
08831991 (England and Wales)
Registered Office
17 A Shrubland Road
Banstead
Surrey
SM7 2ES
UK
Netsol Solutions Limited
Statement of financial position
as at 31 January 2024
Cash at bank and in hand
29,398
32,927
Creditors: amounts falling due within one year
(5,882)
(5,533)
Net current assets
23,516
27,394
Total assets less current liabilities
23,519
28,940
Creditors: amounts falling due after more than one year
(27,859)
(31,636)
Net liabilities
(4,340)
(2,696)
Called up share capital
1
1
Profit and loss account
(4,341)
(2,697)
Shareholders' funds
(4,340)
(2,696)
For the year ending 31 January 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 25 October 2024 and were signed on its behalf by
Anwar Siddiqui
Director
Company Registration No. 08831991
Netsol Solutions Limited
Notes to the Accounts
for the year ended 31 January 2024
Netsol Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 08831991. The registered office is 17 A Shrubland Road, Banstead, Surrey, SM7 2ES, UK.
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:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 February 2023
9,369
3,300
12,669
At 31 January 2024
9,369
3,300
12,669
At 1 February 2023
8,648
2,475
11,123
Charge for the year
718
825
1,543
At 31 January 2024
9,366
3,300
12,666
At 31 January 2023
721
825
1,546
5
Creditors: amounts falling due within one year
2024
2023
Other creditors
1,460
1,460
Loans from directors
3,022
3,023
Netsol Solutions Limited
Notes to the Accounts
for the year ended 31 January 2024
6
Creditors: amounts falling due after more than one year
2024
2023
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).