NETOCOURT LIMITED,Ltd - AccountsLtd - Accounts

NETOCOURT LIMITED,Ltd - AccountsLtd - Accounts

NETOCOURT LIMITED - Company Information

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2018-04-01 04767017 2019-03-31 04767017 2018-04-01 2019-03-31 04767017 2018-03-31 04767017 2017-04-01 2018-03-31 04767017 uk-core:WithinOneYear 2018-03-31 04767017 uk-core:WithinOneYear 2019-03-31 04767017 uk-core:ShareCapital 2019-03-31 04767017 uk-core:ShareCapital 2018-03-31 04767017 uk-core:RetainedEarningsAccumulatedLosses 2019-03-31 04767017 uk-core:RetainedEarningsAccumulatedLosses 2018-03-31 04767017 uk-bus:Director1 2018-04-01 2019-03-31 iso4217:GBP 04767017 uk-bus:AuditExempt-NoAccountantsReport 2018-04-01 2019-03-31 04767017 uk-bus:FRS102 2018-04-01 2019-03-31 04767017 uk-bus:FullAccounts 2018-04-01 2019-03-31 04767017 uk-bus:PrivateLimitedCompanyLtd 2018-04-01 2019-03-31
NETOCOURT LIMITED
Registered Number:04767017
For the year ended 31 March 2019
England and Wales
2
For the year ended 31 March 2019
NETOCOURT LIMITED
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 March 2019
NETOCOURT LIMITED
Statement of Financial Position
Registered Number :
04767017
£
£
2018
2019
Notes
Fixed assets
Property, plant and equipment
970,450
955,624
2
970,450
955,624
Current assets
Trade and other receivables
9,715
-
3
3,908
Cash and cash equivalents
4,265
4,265
13,623
Trade and other payables: amounts falling due within one
year
(797,456)
(795,546)
4
(783,833)
(791,281)
Net current liabilities
Total assets less current liabilities
179,169
171,791
179,169
Net assets
171,791
Capital and reserves
Called up share capital
10,000
10,000
Retained earnings
169,169
161,791
179,169
171,791
Shareholders' funds
For the year ended 31 March 2019 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 of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr B T Patel Director
These financial statements were approved and authorised for issue by the Board on 05 December 2019 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 March 2019
NETOCOURT LIMITED
Notes to the Financial Statements
Statutory Information
NETOCOURT LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration
number 04767017.
Principal place of business:
25 Denmark Hill
London
Registered address:
136 Ground Floor Office
Camberwell Road
London
SE5 0EE
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. The Other Operating Income shown in profit & loss account comprises of rental income and is accounted for on a accrual basis.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions: Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is madewhere, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold. Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
2 of 3
5
For the year ended 31 March 2019
NETOCOURT LIMITED
Notes to the Financial Statements Continued
2. Property, plant and equipment
Land and
buildings
£
Cost or
valuation
At 01 April 2018
955,624
14,826
Additions
At 31 March 2019
970,450
At 31 March 2019
Net book value
970,450
At 31 March 2018
955,624
3. Trade and other receivables
2018
2019
£
£
Other debtors
-
9,715
4. Trade and other payables: amounts falling due within one year
2018
2019
£
£
Trade creditors
1,071
-
Taxation and social security
10,701
40,726
Other creditors
783,774
756,730
795,546
797,456
3 of 3