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Company Registration No. 03308701 (England and Wales)
Netcom Distributors Limited Unaudited accounts for the year ended 31 December 2023
Netcom Distributors Limited Unaudited accounts Contents
Page
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Netcom Distributors Limited Company Information for the year ended 31 December 2023
Director
Mussarat Fatima Kostar Bhatti
Company Number
03308701 (England and Wales)
Registered Office
110 Hempstead Road Watford WD17 4LA England
Accountants
ESJ Accountants Ltd 4 Raleigh House Admirals Way Canary Wharf London E14 9SN
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Netcom Distributors Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,470,151 
2,470,237 
Current assets
Debtors
- 
10,107 
Cash at bank and in hand
26,588 
50,660 
26,588 
60,767 
Creditors: amounts falling due within one year
(686,922)
(712,259)
Net current liabilities
(660,334)
(651,492)
Total assets less current liabilities
1,809,817 
1,818,745 
Creditors: amounts falling due after more than one year
(629,877)
(644,270)
Net assets
1,179,940 
1,174,475 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,179,840 
1,174,375 
Shareholders' funds
1,179,940 
1,174,475 
For the year ending 31 December 2023 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 director acknowledges her 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 and authorised for issue on 29 September 2024 and were signed on its behalf by
Mussarat Fatima Kostar Bhatti Director Company Registration No. 03308701
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Netcom Distributors Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Netcom Distributors Limited is a private company, limited by shares, registered in England and Wales, registration number 03308701. The registered office is 110 Hempstead Road, Watford, WD17 4LA, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
2,469,785 
4,360 
2,474,145 
At 31 December 2023
2,469,785 
4,360 
2,474,145 
Depreciation
At 1 January 2023
- 
3,908 
3,908 
Charge for the year
- 
86 
86 
At 31 December 2023
- 
3,994 
3,994 
Net book value
At 31 December 2023
2,469,785 
366 
2,470,151 
At 31 December 2022
2,469,785 
452 
2,470,237 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
10,107 
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Netcom Distributors Limited Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
536,473 
536,473 
Taxes and social security
21,836 
13,732 
Other creditors
125,367 
160,607 
Accruals
3,246 
1,447 
686,922 
712,259 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
629,877 
644,270 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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