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REGISTERED NUMBER: 08985311 (England and Wales)















NETENGINEERS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






NETENGINEERS LIMITED (REGISTERED NUMBER: 08985311)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


NETENGINEERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







Director: S Patel





Registered office: 2 Tower House
Hoddesdon
Hertfordshire
EN11 8UR





Registered number: 08985311 (England and Wales)





Accountants: Roberts & Co
Chartered Accountants
2 Tower House
Hoddesdon
Hertfordshire
EN11 8UR

NETENGINEERS LIMITED (REGISTERED NUMBER: 08985311)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 140 185

Current assets
Debtors 5 30,903 44,265
Cash at bank 48,034 30,037
78,937 74,302
Creditors
Amounts falling due within one year 6 53,077 43,997
Net current assets 25,860 30,305
Total assets less current liabilities 26,000 30,490

Creditors
Amounts falling due after more than one
year

7

20,796

24,584
Net assets 5,204 5,906

Capital and reserves
Called up share capital 8 5,000 5,000
Retained earnings 204 906
Shareholders' funds 5,204 5,906

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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 30 December 2024 and were signed by:





S Patel - Director


NETENGINEERS LIMITED (REGISTERED NUMBER: 08985311)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. Statutory information

Netengineers 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.
Plant and machinery etc - 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.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 May 2023
and 30 April 2024 2,503
Depreciation
At 1 May 2023 2,318
Charge for year 45
At 30 April 2024 2,363
Net book value
At 30 April 2024 140
At 30 April 2023 185

NETENGINEERS LIMITED (REGISTERED NUMBER: 08985311)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 14,700 11,838
Other debtors 16,203 32,427
30,903 44,265

6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 3,784 3,690
Taxation and social security 47,994 38,692
Other creditors 1,299 1,615
53,077 43,997

7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 20,796 24,584

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,656 8,843

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
10 Ordinary £500 5,000 5,000

9. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£ £
S Patel
Balance outstanding at start of year 32,182 -
Amounts advanced 127,278 32,182
Amounts repaid (143,500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,960 32,182

10. Ultimate controlling party

The ultimate controlling party is S Patel.