Company Registration No. 04709786 (England and Wales)
Neterix Limited
Unaudited accounts
for the year ended 31 March 2024
Neterix Limited
Unaudited accounts
Contents
Neterix Limited
Company Information
for the year ended 31 March 2024
Director
Dr Leslie Hugh Pritchard
Secretary
Rachel Pritchard
Company Number
04709786 (England and Wales)
Registered Office
Viscount House
River Lane
Chester
CH4 8RH
United Kingdom
Accountants
Pearl Accounting Limited
Suite 1
116 Ballards Lane
Finchley
London
N3 2DN
Neterix Limited
Statement of financial position
as at 31 March 2024
Tangible assets
10,077
11,197
Cash at bank and in hand
27,082
25,415
Creditors: amounts falling due within one year
(20,540)
(17,236)
Net current assets
12,850
18,527
Total assets less current liabilities
22,927
29,724
Creditors: amounts falling due after more than one year
(10,358)
(12,454)
Called up share capital
100
100
Profit and loss account
12,469
17,170
Shareholders' funds
12,569
17,270
For the year ending 31 March 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 27 March 2025 and were signed on its behalf by
Dr Leslie Hugh Pritchard
Director
Company Registration No. 04709786
Neterix Limited
Notes to the Accounts
for the year ended 31 March 2024
Neterix Limited is a private company, limited by shares, registered in England and Wales, registration number 04709786. The registered office is Viscount House, River Lane, Chester, CH4 8RH, United Kingdom.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
10% reducing balance
Computer equipment
10% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Neterix Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
836
22,679
23,515
At 31 March 2024
836
22,679
23,515
At 1 April 2023
262
12,056
12,318
Charge for the year
57
1,063
1,120
At 31 March 2024
319
13,119
13,438
At 31 March 2024
517
9,560
10,077
At 31 March 2023
574
10,623
11,197
Amounts falling due within one year
Trade debtors
6,308
10,348
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,000
4,000
Taxes and social security
12,004
10,020
Loans from directors
229
156
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).