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Company Registration No. 10782948 (England and Wales)
Net Cams Limited Unaudited accounts for the year ended 31 May 2024
Net Cams Limited Unaudited accounts Contents
Page
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Net Cams Limited Company Information for the year ended 31 May 2024
Director
Navinkumar Tilak Kakerla
Company Number
10782948 (England and Wales)
Registered Office
65 Goldfinch Road South Croydon Surrey CR2 8SR England
Accountants
Capital Talks LLP Accountants & Tax consultants 310D - EW Sterling House Langston Road Loughton IG10 3TS
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Net Cams Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,540 
4,984 
Current assets
Inventories
6,436 
8,675 
Debtors
32,158 
40,120 
Cash at bank and in hand
4,734 
5,499 
43,328 
54,294 
Creditors: amounts falling due within one year
(30,880)
(32,161)
Net current assets
12,448 
22,133 
Total assets less current liabilities
21,988 
27,117 
Creditors: amounts falling due after more than one year
(5,209)
(7,485)
Net assets
16,779 
19,632 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
16,778 
19,631 
Shareholders' funds
16,779 
19,632 
For the year ending 31 May 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 February 2025 and were signed on its behalf by
Navinkumar Tilak Kakerla Director Company Registration No. 10782948
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Net Cams Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Net Cams Limited is a private company, limited by shares, registered in England and Wales, registration number 10782948. The registered office is 65 Goldfinch Road, South Croydon, Surrey, CR2 8SR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost.
Motor vehicles
20% on cost.
Fixtures & fittings
20% on cost.
Computer equipment
20% on cost.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 June 2023
23,794 
- 
- 
- 
23,794 
Additions
- 
3,400 
3,460 
799 
7,659 
At 31 May 2024
23,794 
3,400 
3,460 
799 
31,453 
Depreciation
At 1 June 2023
18,810 
- 
- 
- 
18,810 
Charge for the year
2,600 
170 
173 
160 
3,103 
At 31 May 2024
21,410 
170 
173 
160 
21,913 
Net book value
At 31 May 2024
2,384 
3,230 
3,287 
639 
9,540 
At 31 May 2023
4,984 
- 
- 
- 
4,984 
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Net Cams Limited Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
32,158 
40,120 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,231 
1,542 
Trade creditors
9,813 
4,210 
Taxes and social security
6,843 
9,944 
Other creditors
510 
77 
Loans from directors
9,203 
14,631 
Accruals
2,280 
1,757 
30,880 
32,161 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
5,209 
7,485 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Loans to directors
At 31 May 2024 the company owed £9,203.58/- to director as a result of loans made to the company. The loans are unsecured and interest free. The director N. Kakerla controls the company as a result of controlling directly 100% of the issued shares capital.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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