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NETRIX IT SOLUTIONS LIMITED

Registered Number
11273675
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

NETRIX IT SOLUTIONS LIMITED
Company Information
for the year from 1 April 2024 to 31 March 2025

Director

STAPLE, Curtis Wayne

Registered Address

Grosvenor House Building 2a, Site D
Kemble
Cirencester
GL7 6BA

Registered Number

11273675 (England and Wales)
NETRIX IT SOLUTIONS LIMITED
Balance Sheet as at
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets35,5203,682
5,5203,682
Current assets
Debtors45,78212,105
Current asset investments63,26928,000
Cash at bank and on hand229,718205,255
298,769245,360
Creditors amounts falling due within one year5(43,208)(42,586)
Net current assets (liabilities)255,561202,774
Total assets less current liabilities261,081206,456
Net assets261,081206,456
Capital and reserves
Called up share capital100100
Revaluation reserve5,269-
Profit and loss account255,712206,356
Shareholders' funds6261,081206,456
The financial statements were approved and authorised for issue by the Director on 22 July 2025, and are signed on its behalf by:
STAPLE, Curtis Wayne
Director
Registered Company No. 11273675
NETRIX IT SOLUTIONS LIMITED
Notes to the Financial Statements
for the year ended 31 March 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery18
Fixtures and fittings18
Office Equipment18
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20252024
Average number of employees during the year21
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 245,892
Additions2,458
At 31 March 257,980
Depreciation and impairment
At 01 April 242,210
Charge for year620
At 31 March 252,461
Net book value
At 31 March 255,520
At 31 March 243,682
4.Debtors: amounts due within one year

2025

2024

££
Trade debtors / trade receivables3,69212,105
Prepayments and accrued income2,090-
Total5,78212,105
5.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables4,982561
Taxation and social security38,22138,881
Other creditors53,144
Total43,20842,586
6.Revaluation reserve

£
Revaluations of other assets5,269
At 31 March 255,269