Registered number
04358397
Noetik UK Limited
Filleted Accounts
31 January 2025
Noetik UK Limited
Registered number: 04358397
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 1,344 822
Current assets
Debtors 11,756 42,522
Cash at bank and in hand 91,818 38,734
103,574 81,256
Creditors: amounts falling due within one year (34,688) (40,317)
Net current assets 68,886 40,939
Net assets 70,230 41,761
Capital and reserves
Called up share capital 800 800
Profit and loss account 69,430 40,961
Shareholders' funds 70,230 41,761
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C Lofts
Director
Approved by the board on 8 August 2025
Noetik UK Limited
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 33% reducing balance
Office equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2024 5,448
Additions 833
At 31 January 2025 6,281
Depreciation
At 1 February 2024 4,626
Charge for the year 311
At 31 January 2025 4,937
Net book value
At 31 January 2025 1,344
At 31 January 2024 822
4 Debtors 2025 2024
£ £
Trade debtors 11,880 26,640
Other debtors (124) 15,882
11,756 42,522
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 225 225
Taxation and social security costs 33,996 39,644
Other creditors 467 448
34,688 40,317
6 Other information
Noetik UK Limited is a private company limited by shares and incorporated in England. Its registered office is:
Ground Floor, The Maltings
Locks Hill
Rochford
Essex
SS4 1BB
Noetik UK Limited 04358397 false 2024-02-01 2025-01-31 2025-01-31 VT Final Accounts April 2025 C Lofts No description of principal activity 04358397 2023-02-01 2024-01-31 04358397 core:WithinOneYear 2024-01-31 04358397 core:ShareCapital 2024-01-31 04358397 core:RetainedEarningsAccumulatedLosses 2024-01-31 04358397 2024-02-01 2025-01-31 04358397 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 04358397 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 04358397 bus:Director40 2024-02-01 2025-01-31 04358397 1 2024-02-01 2025-01-31 04358397 2 2024-02-01 2025-01-31 04358397 core:PlantMachinery 2024-02-01 2025-01-31 04358397 countries:England 2024-02-01 2025-01-31 04358397 bus:FRS102 2024-02-01 2025-01-31 04358397 bus:FilletedAccounts 2024-02-01 2025-01-31 04358397 2025-01-31 04358397 core:WithinOneYear 2025-01-31 04358397 core:ShareCapital 2025-01-31 04358397 core:RetainedEarningsAccumulatedLosses 2025-01-31 04358397 core:PlantMachinery 2025-01-31 04358397 2024-01-31 04358397 core:PlantMachinery 2024-01-31 iso4217:GBP xbrli:pure