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REGISTERED NUMBER: 13016307 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Netsapiens International Limited

Netsapiens International Limited (Registered number: 13016307)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Report of the Accountant 2

Statement of Financial Position 3

Notes to the Financial Statements 4


Netsapiens International Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr A Buch
Mr S L Goodwin





SECRETARY:





REGISTERED OFFICE: Suite G04 1 Quality Court, Chancery Lane
London
WC2A 1HR





REGISTERED NUMBER: 13016307 (England and Wales)





ACCOUNTANT: Albacore Accounting Limited
724 Capability Green
Luton
Bedfordshire
LU1 3LU

Netsapiens International Limited

Report of the Accountant to the Directors of
Netsapiens International Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 December 2023 set out on pages three to four and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.






Albacore Accounting Limited
724 Capability Green
Luton
Bedfordshire
LU1 3LU


Date: .............................................

Netsapiens International Limited (Registered number: 13016307)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,094 -

CURRENT ASSETS
Debtors 5 98,193 41,570
Cash at bank and in hand 566,893 38,876
665,086 80,446
CREDITORS
Amounts falling due within one year 6 1,009,756 758,309
NET CURRENT LIABILITIES (344,670 ) (677,863 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(343,576

)

(677,863

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 7 (343,577 ) (677,864 )
(343,576 ) (677,863 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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 Board of Directors and authorised for issue on 12 November 2024 and were signed on its behalf by:





Mr S L Goodwin - Director


Netsapiens International Limited (Registered number: 13016307)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Netsapiens International 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 1,458
At 31 December 2023 1,458
DEPRECIATION
Charge for year 364
At 31 December 2023 364
NET BOOK VALUE
At 31 December 2023 1,094

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 55,745 24,077
Amounts owed by group undertakings - 552
Other debtors 10 10
Prepayments 42,438 16,931
98,193 41,570

Netsapiens International Limited (Registered number: 13016307)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 31,893 28,699
Social security and other taxes - 11,411
VAT 64,869 33,857
Other creditors 665,582 607,454
Accrued expenses 247,412 76,888
1,009,756 758,309

7. RESERVES
Retained
earnings
£   

At 1 January 2023 (677,864 )
Profit for the year 334,287
At 31 December 2023 (343,577 )