REGISTERED NUMBER: 09146819 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Netcoms.co.uk (Holdings) Ltd

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

Mr S L J Grainger

SECRETARY:

Mrs J R Grainger

REGISTERED OFFICE:

Turners House Dunston Court

Dunston Road

Chesterfield

South Yorkshire

S41 8NL

REGISTERED NUMBER:

09146819 (England and Wales)

ACCOUNTANTS:

Langricks (Holmfirth) Limited

4 Greenfield Road

Holmfirth

West Yorkshire

HD9 2JT

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Netcoms.co.uk (Holdings) Ltd for the year ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Netcoms.co.uk (Holdings) Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Netcoms.co.uk (Holdings) Ltd and state those matters that we have agreed to state to the director of Netcoms.co.uk (Holdings) Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Netcoms.co.uk (Holdings) Ltd and its director for our work or for this report.

It is your duty to ensure that Netcoms.co.uk (Holdings) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Netcoms.co.uk (Holdings) Ltd. You consider that Netcoms.co.uk (Holdings) Ltd 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 financial statements of Netcoms.co.uk (Holdings) Ltd. 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 financial statements.

Langricks (Holmfirth) Limited

4 Greenfield Road

Holmfirth

West Yorkshire

HD9 2JT

30 September 2025

FIXED ASSETS

Tangible assets

4

3,828

3,184

Investments

5

120

120

3,948

3,304

CURRENT ASSETS

Debtors

6

77,449

123,033

Cash at bank and in hand

74,845

19,875

152,294

142,908

CREDITORS

Amounts falling due within one year

7

108,258

92,030

NET CURRENT ASSETS

44,036

50,878

TOTAL ASSETS LESS CURRENT LIABILITIES

47,984

54,182

CREDITORS

Amounts falling due after more than one year

8

24,583

30,302

NET ASSETS

23,401

23,880

CAPITAL AND RESERVES

Called up share capital

120

120

Retained earnings

23,281

23,760

23,401

23,880

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

Mr S L J Grainger - Director

1.	STATUTORY INFORMATION

Netcoms.co.uk (Holdings) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing arrangement, where it is recognised at the present value of future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2024

12,183

Additions

1,637

At 31 December 2024

13,820

DEPRECIATION

At 1 January 2024

8,999

Charge for year

993

At 31 December 2024

9,992

NET BOOK VALUE

At 31 December 2024

3,828

At 31 December 2023

3,184

5.	FIXED ASSET INVESTMENTS

Shares in

Group

£

COST

At 1 January 2024

and 31 December 2024

120

NET BOOK VALUE

At 31 December 2024

120

At 31 December 2023

120

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

73,247

118,743

Amounts owed by group undertakings

207

-

Other debtors

3,995

4,290

77,449

123,033

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

5,989

5,841

Trade creditors

78,255

64,848

Taxation and social security

14,027

9,787

Other creditors

9,987

11,554

108,258

92,030

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

24,583

30,302

Amounts falling due in more than five years:

Repayable by instalments

Bank loans payable after 5 yrs

-

5,422

9.	RELATED PARTY DISCLOSURES

The company is related to the directors, and at 31 December 2024 the company owed £225 (2023: £225) to the director and is included within creditors.

The company has applied the exemption from disclosure of transactions with 100% owned companies as permitted by FRS102.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr S L J Grainger.