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
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
Net Cams Limited
Statement of financial position
as at 31 May 2024
Tangible assets
9,540
4,984
Cash at bank and in hand
4,734
5,499
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)
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
Net Cams Limited
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 May 2024
2,384
3,230
3,287
639
9,540
At 31 May 2023
4,984
-
-
-
4,984
Net Cams Limited
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Trade debtors
32,158
40,120
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
9,813
4,210
Taxes and social security
6,843
9,944
Loans from directors
9,203
14,631
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
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).