Registered number
11684713
Net Manage IT Solutions Limited
Filleted Accounts
30 November 2024
Net Manage IT Solutions Limited
Registered number: 11684713
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 29,978 21,848
Cash at bank and in hand 31,094 40,144
61,072 61,992
Creditors: amounts falling due within one year 4 (42,731) (44,817)
Net current assets 18,341 17,175
Net assets 18,341 17,175
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 17,341 16,175
Shareholders' funds 18,341 17,175
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.
K Kumar
Director
Approved by the board on 24 August 2025
Net Manage IT Solutions Limited
Notes to the Accounts
for the year ended 30 November 2024
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.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2024 2023
£ £
Trade debtors 29,978 21,848
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 531 -
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 6,000
Taxation and social security costs 6,395 6,217
Other creditors 35,805 32,600
42,731 44,817
5 Other information
Net Manage IT Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
23 Acer Village
Bristol
England
BS14 9BH
Net Manage IT Solutions Limited 11684713 false 2023-12-01 2024-11-30 2024-11-30 VT Final Accounts April 2025 K Kumar No description of principal activity 11684713 2022-12-01 2023-11-30 11684713 core:WithinOneYear 2023-11-30 11684713 core:ShareCapital 2023-11-30 11684713 core:RetainedEarningsAccumulatedLosses 2023-11-30 11684713 2023-12-01 2024-11-30 11684713 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 11684713 bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 11684713 bus:Director40 2023-12-01 2024-11-30 11684713 countries:England 2023-12-01 2024-11-30 11684713 bus:FRS102 2023-12-01 2024-11-30 11684713 bus:FilletedAccounts 2023-12-01 2024-11-30 11684713 2024-11-30 11684713 core:WithinOneYear 2024-11-30 11684713 core:ShareCapital 2024-11-30 11684713 core:RetainedEarningsAccumulatedLosses 2024-11-30 11684713 2023-11-30 iso4217:GBP xbrli:pure