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Company Registration No. 05158965 (England and Wales)
Netting Services (Northern) Limited Unaudited accounts for the year ended 31 December 2024
Netting Services (Northern) Limited Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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Netting Services (Northern) Limited Company Information for the year ended 31 December 2024
Director
Kevin Lloyd
Company Number
05158965 (England and Wales)
Registered Office
Unit L Teesport Commerce Park, Dockside Road Middlesbrough TS6 6UZ United Kingdom
Accountants
Lyons Watson Accountants Business Central 2 Union Square Darlington Co Durham DL1 1GL
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Netting Services (Northern) Limited for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Netting Services (Northern) Limited for the year ended 31 December 2024 as set out on pages 5 - 6 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Netting Services (Northern) Limited, as a body, in accordance with the terms of our engagement letter dated 27 September 2023. Our work has been undertaken solely to prepare for your approval the accounts of Netting Services (Northern) Limited and state those matters that we have agreed to state to the Board of Directors of Netting Services (Northern) Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Netting Services (Northern) Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Netting Services (Northern) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Netting Services (Northern) Limited. You consider that Netting Services (Northern) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Netting Services (Northern) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Lyons Watson Accountants Chartered Certified Accountants Business Central 2 Union Square Darlington Co Durham DL1 1GL 29 September 2025
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Netting Services (Northern) Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
57,675 
17,797 
Current assets
Inventories
30,000 
- 
Debtors
490,965 
1,153,317 
520,965 
1,153,317 
Creditors: amounts falling due within one year
(200,152)
(803,152)
Net current assets
320,813 
350,165 
Total assets less current liabilities
378,488 
367,962 
Creditors: amounts falling due after more than one year
(20,219)
(14,167)
Provisions for liabilities
Deferred tax
(9,302)
- 
Net assets
348,967 
353,795 
Capital and reserves
Called up share capital
250,102 
250,102 
Profit and loss account
98,865 
103,693 
Shareholders' funds
348,967 
353,795 
For the year ending 31 December 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 29 September 2025 and were signed on its behalf by
Kevin Lloyd Director Company Registration No. 05158965
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Netting Services (Northern) Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Netting Services (Northern) Limited is a private company, limited by shares, registered in England and Wales, registration number 05158965. The registered office is Unit L, Teesport Commerce Park, Dockside Road, Middlesbrough, TS6 6UZ, United Kingdom.
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:
Plant & machinery
25% Straight Line
Motor vehicles
25% Straight Line
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 January 2024
48,133 
Additions
55,810 
At 31 December 2024
103,943 
Depreciation
At 1 January 2024
30,336 
Charge for the year
15,932 
At 31 December 2024
46,268 
Net book value
At 31 December 2024
57,675 
At 31 December 2023
17,797 
5
Average number of employees
During the year the average number of employees was 10 (2023: 6).
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