1 false false false false false false false false false false true false false false false false false No description of principal activity 2024-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 13,500 13,500 13,500 xbrli:pure xbrli:shares iso4217:GBP 06805805 2024-05-01 2025-04-30 06805805 2025-04-30 06805805 2024-04-30 06805805 2023-05-01 2024-04-30 06805805 2024-04-30 06805805 2023-04-30 06805805 core:FurnitureFittings 2024-05-01 2025-04-30 06805805 bus:Director1 2024-05-01 2025-04-30 06805805 core:FurnitureFittings 2025-04-30 06805805 core:AfterOneYear 2025-04-30 06805805 core:AfterOneYear 2024-04-30 06805805 core:WithinOneYear 2025-04-30 06805805 core:WithinOneYear 2024-04-30 06805805 core:ShareCapital 2025-04-30 06805805 core:ShareCapital 2024-04-30 06805805 core:RetainedEarningsAccumulatedLosses 2025-04-30 06805805 core:RetainedEarningsAccumulatedLosses 2024-04-30 06805805 core:CostValuation core:Non-currentFinancialInstruments 2025-04-30 06805805 core:Non-currentFinancialInstruments 2025-04-30 06805805 core:Non-currentFinancialInstruments 2024-04-30 06805805 bus:Director1 2024-04-30 06805805 bus:Director1 2023-04-30 06805805 bus:SmallEntities 2024-05-01 2025-04-30 06805805 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 06805805 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 06805805 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 06805805 bus:FullAccounts 2024-05-01 2025-04-30 06805805 core:ComputerEquipment 2024-05-01 2025-04-30 06805805 core:ComputerEquipment 2025-04-30
COMPANY REGISTRATION NUMBER: 06805805

Noetik Limited

Filleted Unaudited Financial Statements

30 April 2025

Noetik Limited

Statement of Financial Position

30 April 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Investments | 6 | 13,500 | 13,500

Current assets

Debtors | 7 | 73 | 65
Cash at bank and in hand | 9,148 | 11,165
| ------- | --------
| 9,221 | 11,230

Creditors: amounts falling due within one year | 8 | 87 | 68
| ------- | --------
Net current assets | 9,134 | 11,162
| -------- | --------
Total assets less current liabilities | 22,634 | 24,662

Creditors: amounts falling due after more than one year | 9 | 19,011 | 15,837
| -------- | --------
Net assets | 3,623 | 8,825
| -------- | --------

Capital and reserves

Called up share capital | 200 | 200
Profit and loss account | 3,423 | 8,625
| ------- | -------
Shareholders funds | 3,623 | 8,825
| ------- | -------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Noetik Limited

Statement of Financial Position (continued)

30 April 2025
These financial statements were approved by the board of directors and authorised for issue on 14 January 2026 , and are signed on behalf of the board by:

Mr N Raja
Director

Company registration number: 06805805

Noetik Limited

Notes to the Financial Statements

Year ended 30 April 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Tauber Close, Elstree, Borehamwood, Hertfordshire, WD6 3PE, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Fixtures and fittings | - | 20% straight line
| Equipment | - | 33% straight line

Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2024: 3 ).
5. Tangible assets

| Fixtures and fittings | Equipment | Total
| £ | £ | £
Cost |  |  |
At 1 May 2024 and 30 April 2025 | 982 | 4,008 | 4,990
| ---- | ------- | -------
Depreciation |  |  |
At 1 May 2024 and 30 April 2025 | 982 | 4,008 | 4,990
| ---- | ------- | -------
Carrying amount |  |  |
At 30 April 2025 | – | – | –
| ---- | ------- | -------
At 30 April 2024 | – | – | –
| ---- | ------- | -------

6. Investments

| Other investments other than loans
| £
Cost |
At 1 May 2024 and 30 April 2025 | 13,500
| --------
Impairment |
At 1 May 2024 and 30 April 2025 | –
| --------

Carrying amount |
At 30 April 2025 | 13,500
| --------
At 30 April 2024 | 13,500
| --------

7. Debtors

| 2025 | 2024
| £ | £
Trade debtors | – | 57
Other debtors | 73 | 8
| ---- | ----
| 73 | 65
| ---- | ----

8. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 87 | 68
| ---- | ----

9. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 2,100 | 3,900
Other creditors | 16,911 | 11,937
| -------- | --------
| 19,011 | 15,837
| -------- | --------

10. Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other debtors and creditors, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade creditors or debtors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or or received. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the Balance Sheet date. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
11. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:

| Balance brought forward and outstanding
| 2025 | 2024
| £ | £
Mr N Raja | ( 16,911) | ( 11,937)
| -------- | --------