IRIS Accounts Production v24.3.2.46 04087795 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh040877952023-06-30040877952024-06-30040877952023-07-012024-06-30040877952022-06-30040877952022-07-012023-06-30040877952023-06-3004087795ns15:EnglandWales2023-07-012024-06-3004087795ns14:PoundSterling2023-07-012024-06-3004087795ns10:Director12023-07-012024-06-3004087795ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3004087795ns10:SmallEntities2023-07-012024-06-3004087795ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3004087795ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3004087795ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3004087795ns10:FullAccounts2023-07-012024-06-3004087795ns10:Director22023-07-012024-06-3004087795ns10:CompanySecretary12023-07-012024-06-3004087795ns10:RegisteredOffice2023-07-012024-06-3004087795ns5:CurrentFinancialInstruments2024-06-3004087795ns5:CurrentFinancialInstruments2023-06-3004087795ns5:Non-currentFinancialInstruments2024-06-3004087795ns5:Non-currentFinancialInstruments2023-06-3004087795ns5:ShareCapital2024-06-3004087795ns5:ShareCapital2023-06-3004087795ns5:RetainedEarningsAccumulatedLosses2024-06-3004087795ns5:RetainedEarningsAccumulatedLosses2023-06-3004087795ns5:FurnitureFittings2023-07-012024-06-3004087795ns5:MotorVehicles2023-07-012024-06-3004087795ns5:ComputerEquipment2023-07-012024-06-3004087795ns5:FurnitureFittings2023-06-3004087795ns5:MotorVehicles2023-06-3004087795ns5:ComputerEquipment2023-06-3004087795ns5:FurnitureFittings2024-06-3004087795ns5:MotorVehicles2024-06-3004087795ns5:ComputerEquipment2024-06-3004087795ns5:FurnitureFittings2023-06-3004087795ns5:MotorVehicles2023-06-3004087795ns5:ComputerEquipment2023-06-3004087795ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-3004087795ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-30
REGISTERED NUMBER: 04087795 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024

FOR

NETTEX TECHNOLOGY LIMITED

NETTEX TECHNOLOGY LIMITED (REGISTERED NUMBER: 04087795)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NETTEX TECHNOLOGY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: Mrs L Wilson
Mr G D Wilson





SECRETARY: Mrs L Wilson





REGISTERED OFFICE: 102 Saltmakers House
Hamble Point Marina
Hamble
Southampton
Hampshire
SO31 4NB





REGISTERED NUMBER: 04087795 (England and Wales)






NETTEX TECHNOLOGY LIMITED (REGISTERED NUMBER: 04087795)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,175 46,165

CURRENT ASSETS
Debtors 5 34,126 51,956
Cash at bank 65,731 38,465
99,857 90,421
CREDITORS
Amounts falling due within one year 6 50,439 35,231
NET CURRENT ASSETS 49,418 55,190
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,593

101,355

CREDITORS
Amounts falling due after more than one
year

7

(28,118

)

(37,747

)

PROVISIONS FOR LIABILITIES (10,592 ) (10,618 )
NET ASSETS 52,883 52,990

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 52,881 52,988
52,883 52,990

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th March 2025 and were signed on its behalf by:




Mr G D Wilson - Director


NETTEX TECHNOLOGY LIMITED (REGISTERED NUMBER: 04087795)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024


1. STATUTORY INFORMATION

Nettex Technology Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

All fixed assets are initially recorded at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

NETTEX TECHNOLOGY LIMITED (REGISTERED NUMBER: 04087795)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


2. ACCOUNTING POLICIES - continued

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st July 2023 42,166 49,657 30,045 121,868
Additions 670 - 3,902 4,572
Disposals (727 ) - (983 ) (1,710 )
At 30th June 2024 42,109 49,657 32,964 124,730
DEPRECIATION
At 1st July 2023 38,438 9,087 28,178 75,703
Charge for year 1,031 5,142 2,198 8,371
Eliminated on disposal (536 ) - (983 ) (1,519 )
At 30th June 2024 38,933 14,229 29,393 82,555
NET BOOK VALUE
At 30th June 2024 3,176 35,428 3,571 42,175
At 30th June 2023 3,728 40,570 1,867 46,165

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 33,535 51,956
Other debtors 591 -
34,126 51,956

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,000 6,000
Hire purchase contracts 3,629 3,464
Trade creditors 2,669 1,001
Taxation and social security 36,279 23,992
Other creditors 1,862 774
50,439 35,231

NETTEX TECHNOLOGY LIMITED (REGISTERED NUMBER: 04087795)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 5,500 11,500
Hire purchase contracts 22,618 26,247
28,118 37,747