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REGISTERED NUMBER: 03215366 (England and Wales)














Financial Statements for the Year Ended 31 March 2024

for

Netcel Communications Limited

Netcel Communications Limited (Registered number: 03215366)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Netcel Communications Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr N D Hamblett





REGISTERED OFFICE: 16 Turpins Chase
Oaklands
Welwyn
Hertfordshire
AL6 0RA





REGISTERED NUMBER: 03215366 (England and Wales)





ACCOUNTANTS: Farrell & Co
1C Amberside
Wood Lane
Hemel Hempstead
Hertfordshire
HP2 4TP

Netcel Communications Limited (Registered number: 03215366)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 817 1,089
Investments 5 418 418
Investment property 6 2,225,000 1,925,000
2,226,235 1,926,507

CURRENT ASSETS
Debtors 7 2,310 2,310
Cash at bank 1,816 6,273
4,126 8,583
CREDITORS
Amounts falling due within one year 8 1,403,054 1,438,875
NET CURRENT LIABILITIES (1,398,928 ) (1,430,292 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

827,307

496,215

CREDITORS
Amounts falling due after more than one year 9 (21,620 ) (17,620 )

PROVISIONS FOR LIABILITIES (121,631 ) (64,655 )
NET ASSETS 684,056 413,940

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 11 683,056 412,940
SHAREHOLDERS' FUNDS 684,056 413,940

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

Netcel Communications Limited (Registered number: 03215366)

Balance Sheet - continued
31 March 2024


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 14 January 2025 and were signed by:





Mr N D Hamblett - Director


Netcel Communications Limited (Registered number: 03215366)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Netcel Communications 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 as modified by the revaluation of certain assets.

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
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 1,333 8,001 45,178 54,512
DEPRECIATION
At 1 April 2023 1,233 7,893 44,297 53,423
Charge for year 25 27 220 272
At 31 March 2024 1,258 7,920 44,517 53,695
NET BOOK VALUE
At 31 March 2024 75 81 661 817
At 31 March 2023 100 108 881 1,089

Netcel Communications Limited (Registered number: 03215366)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 418
NET BOOK VALUE
At 31 March 2024 418
At 31 March 2023 418

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,925,000
Revaluations 300,000
At 31 March 2024 2,225,000
NET BOOK VALUE
At 31 March 2024 2,225,000
At 31 March 2023 1,925,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2019 250,000
Valuation in 2021 90,000
Valuation in 2024 300,000
Cost 1,585,000
2,225,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by associates 2,310 2,310

Netcel Communications Limited (Registered number: 03215366)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 4,000
Trade creditors 169 2,652
Taxation and social security 6,763 17,902
Other creditors 1,396,122 1,414,321
1,403,054 1,438,875

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 17,620
Other creditors 21,620 -
21,620 17,620

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1,000 ordinary 1 1,000 1,000

11. RESERVES
Retained
earnings
£   

At 1 April 2023 412,940
Profit for the year 271,116
Dividends (1,000 )
At 31 March 2024 683,056