Caseware UK (AP4) 2024.0.164 2024.0.164 2024-04-302024-04-302025-05-193The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsetrueNo description of principal activity2023-04-23falsefalse 14821818 2023-04-22 14821818 2023-04-23 2024-04-30 14821818 2022-04-23 2023-04-22 14821818 2024-04-30 14821818 c:Director2 2023-04-23 2024-04-30 14821818 d:OfficeEquipment 2023-04-23 2024-04-30 14821818 d:OfficeEquipment 2024-04-30 14821818 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-23 2024-04-30 14821818 d:CurrentFinancialInstruments 2024-04-30 14821818 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 14821818 d:ShareCapital 2024-04-30 14821818 d:RetainedEarningsAccumulatedLosses 2024-04-30 14821818 c:OrdinaryShareClass1 2023-04-23 2024-04-30 14821818 c:OrdinaryShareClass1 2024-04-30 14821818 c:FRS102 2023-04-23 2024-04-30 14821818 c:AuditExempt-NoAccountantsReport 2023-04-23 2024-04-30 14821818 c:FullAccounts 2023-04-23 2024-04-30 14821818 c:PrivateLimitedCompanyLtd 2023-04-23 2024-04-30 14821818 2 2023-04-23 2024-04-30 14821818 e:PoundSterling 2023-04-23 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 14821818














NEITEC LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

 
NEITEC LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 5


 
NEITEC LIMITED
REGISTERED NUMBER:14821818

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
2,528

Current assets
  

Debtors: amounts falling due within one year
 5 
4,978

Bank and cash balances
  
261,380

  
266,358

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(517,329)

Net current (liabilities)/assets
  
 
 
(250,971)

Total assets less current liabilities
  
(248,443)

  

Net (liabilities)/assets
  
(248,443)


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
(248,444)

  
(248,443)


The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 May 2025.




J C Ferron De Jesus
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
NEITEC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

1.


General information

Neitec Limited is a limited liability company registered in England and Wales. Its registered office address is at 5 Elstree Gate, Elstree Way, Borehamwood, Hetfordshire, WD6 1JD. 
The principal activity of the Company during the period was that of providing technological solutions in the financial services sector. 
The Company was incorporated and started trading on 24 April 2023.  

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company made a loss for the year and at the balance sheet date has net current liabilities and net liabilities. The Directors have obtained assurance from the shareholders that funds will be made available to the Company so that it will be able to carry on trading and meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved. The accounts have been prepared under going concern on this basis. 

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.4

Revenue

Turnover comprises revenue recognised by the company in respect of services supplied in the year exclusive of trade discounts and excluding Value Added Tax. 
Revenue is recognised when the service ahs been provided.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 2

 
NEITEC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
over 3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Financial instruments

The Company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to related parties. 
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties. 
Interest bearing borrowings, such bank loans, classified as basic financial instruments are recognised initially at the present value of future payments discounted at a market rate of interest. Thereafter they are stated at amortised cost using the effective interest method. 
Cash and cash equivalents comprise cash balances and call deposits.

Page 3

 
NEITEC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

3.


Employees




The average monthly number of employees, including directors, during the period was 3.


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
2,678



At 30 April 2024

2,678



Depreciation


Charge for the period on owned assets
150



At 30 April 2024

150



Net book value



At 30 April 2024
2,528


5.


Debtors

2024
£


Other debtors
1,474

Prepayments and accrued income
3,504

4,978



6.


Creditors: Amounts falling due within one year

2024
£

Other loans
512,317

Trade creditors
101

Accruals and deferred income
4,911

517,329


Page 4

 
NEITEC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

7.


Loans


Analysis of the maturity of loans is given below:


2024
£

Amounts falling due within one year

Other loans
512,317






8.


Share capital

2024
£
Allotted, called up and fully paid


100,000 Ordinary shares shares of £0.00001 each
1


Upon incorporation, 1 Ordinary share was issued at par value of £1. During the year, this share was subdivided into 100,000 Ordinary shares of £0.00001 each.

 
Page 5