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Registered number: 6250885

Netlighting Limited

ACCOUNTS
FOR THE YEAR ENDED 31/05/2024

Prepared By:
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

Netlighting Limited

ACCOUNTS
FOR THE YEAR ENDED 31/05/2024
DIRECTORS
T Grosskopf
SECRETARY
F Grosskopf
REGISTERED OFFICE
14 The Promenade
Edgware
Middlesex
HA8 7JZ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 6250885
BANKERS
Barclays
ACCOUNTANTS
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

Netlighting Limited

ACCOUNTS
FOR THEYEARENDED31/05/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Netlighting Limited

BALANCE SHEET AT 31/05/2024
20242023
Notes££
FIXED ASSETS
Tangible assets2209,182195,443
CURRENT ASSETS
Debtors3212,911211,219
Cash at bank and in hand46,81850,995
259,729262,214
CREDITORS: Amounts falling due within one year4189,069178,085
NET CURRENT ASSETS70,66084,129
TOTAL ASSETS LESS CURRENT LIABILITIES279,842279,572
CREDITORS: Amounts falling due after more than one year544,51894,781
NET ASSETS235,324184,791
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account235,224184,691
SHAREHOLDERS' FUNDS235,324184,791
For the year ending 31/05/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 04/02/2025 and signed on their behalf by
.............................
T Grosskopf
Director

Netlighting Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/05/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 10%
Equipmentreducing balance 15%
1c. Leasing Commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.
1d. Dividends On Shares Presented Within Shareholders Funds
Dividends unpaid at the balance sheet date are only recognised as a liability at that date to the extent that they are appropriately authorised and are no longer at the discretion of the Company Unpaid dividends that do not meet these criteria are disclosed in the notes to the financial statements.
1e. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

Netlighting Limited

2. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentTotal
£££
Cost
At 01/06/2023218,17729,878248,055
Additions37,558-37,558
At 31/05/2024255,73529,878285,613
Depreciation
At 01/06/202333,10719,50552,612
For the year22,2631,55623,819
At 31/05/202455,37021,06176,431
Net Book Amounts
At 31/05/2024200,3658,817209,182
At 31/05/2023185,07010,373195,443
3. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors85,21286,980
PAYE control558-
Other debtors49,25049,250
Prepayments77,89174,989
212,911211,219
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax39,74318,226
VAT9,8085,857
Bank Loan44,70044,700
Trade creditors86,442107,053
Other creditors8,3762,249
189,069178,085

Netlighting Limited

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr33,33338,889
Bank loans (secured) >1yr11,18555,892
44,51894,781
6. EMPLOYEES
20242023
No.No.
Average number of employees1110
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
8. CONTROLLING PARTY
The company is controlled by T. Grosskopf by virtue of the fact that, together with his spouse, he holds 100% of the company's issued and called up voting share capital.
9. RELATED PARTY TRANSACTIONS
Dividends of £19,800 (2023: £28,200) were paid to T. Grosskopf, the director, and his spouse during the year.