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Registered number: 12660194
Netengine Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Prof-It accountancy
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12660194
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 396 -
Tangible Assets 5 585 713
981 713
CURRENT ASSETS
Debtors 6 2,232 2,236
Cash at bank and in hand 7,492 19,227
9,724 21,463
Creditors: Amounts Falling Due Within One Year 7 (8,500 ) (6,500 )
NET CURRENT ASSETS (LIABILITIES) 1,224 14,963
TOTAL ASSETS LESS CURRENT LIABILITIES 2,205 15,676
NET ASSETS 2,205 15,676
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 2,203 15,674
SHAREHOLDERS' FUNDS 2,205 15,676
Page 1
Page 2
For the year ending 30 June 2024 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 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Indraleka Sivan
Director
13/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Netengine Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12660194 . The registered office is 66 Windsor Road, Levenshulme, Manchester, M19 2EB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 18%
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Other
£
Cost
As at 1 July 2023 -
Additions 528
As at 30 June 2024 528
Amortisation
As at 1 July 2023 -
Provided during the period 132
As at 30 June 2024 132
Net Book Value
As at 30 June 2024 396
As at 1 July 2023 -
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 July 2023 1,060
As at 30 June 2024 1,060
Depreciation
As at 1 July 2023 347
Provided during the period 128
As at 30 June 2024 475
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 June 2024 585
As at 1 July 2023 713
6. Debtors
2024 2023
£ £
Due within one year
VAT - 3
Other taxes and social security 2,232 2,233
2,232 2,236
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 2,000 -
Directors' loan accounts 6,500 6,500
8,500 6,500
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4