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Company Registration No. 06943891 (England and Wales)
N.E.T. Industrial Services Limited Unaudited accounts for the year ended 31 July 2024
N.E.T. Industrial Services Limited Unaudited accounts Contents
Page
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N.E.T. Industrial Services Limited Company Information for the year ended 31 July 2024
Director
Mr Robin Stapleton
Company Number
06943891 (England and Wales)
Registered Office
32 Pennant Road Nottingham NG6 0JB
Accountants
ASH ACCOUNTING LTD 44A GEDLING ROAD CARLTON NOTTINGHAM NG4 3FH
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N.E.T. Industrial Services Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
222 
Current assets
Debtors
13,322 
15,228 
Cash at bank and in hand
92,170 
109,598 
105,492 
124,826 
Creditors: amounts falling due within one year
(26,007)
(35,823)
Net current assets
79,485 
89,003 
Total assets less current liabilities
79,485 
89,225 
Provisions for liabilities
Deferred tax
- 
(42)
Net assets
79,485 
89,183 
Capital and reserves
Called up share capital
34 
34 
Profit and loss account
79,451 
89,149 
Shareholders' funds
79,485 
89,183 
For the year ending 31 July 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 22 April 2025 and were signed on its behalf by
Mr Robin Stapleton Director Company Registration No. 06943891
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N.E.T. Industrial Services Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
N.E.T. Industrial Services Limited is a private company, limited by shares, registered in England and Wales, registration number 06943891. The registered office is 32 Pennant Road, Nottingham, NG6 0JB.
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:
Motor vehicles
25% on cost
Computer equipment
33% on cost
Deferred taxation
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.
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
16,262 
658 
16,920 
At 31 July 2024
16,262 
658 
16,920 
Depreciation
At 1 August 2023
16,262 
436 
16,698 
Charge for the year
- 
222 
222 
At 31 July 2024
16,262 
658 
16,920 
Net book value
At 31 July 2024
- 
- 
- 
At 31 July 2023
- 
222 
222 
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N.E.T. Industrial Services Limited Notes to the Accounts for the year ended 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
12,363 
14,514 
Accrued income and prepayments
959 
714 
13,322 
15,228 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
7,919 
7,630 
Trade creditors
48 
487 
Taxes and social security
4,050 
13,501 
Other creditors
592 
- 
Loans from directors
12,898 
13,705 
Accruals
500 
500 
26,007 
35,823 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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