Company Registration No. 08211733 (England and Wales)
Netlinx Ltd
Unaudited accounts
for the year ended 30 September 2022
Netlinx Ltd
Unaudited accounts
Contents
Netlinx Ltd
Company Information
for the year ended 30 September 2022
Company Number
08211733 (England and Wales)
Registered Office
14 Meadow Rise
Kingswood
Hull
HU7 3AG
England
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
Netlinx Ltd
Statement of financial position
as at
30 September 2022
Tangible assets
11,392
13,733
Cash at bank and in hand
19,125
21,345
Creditors: amounts falling due within one year
(19,785)
(37,003)
Net current assets
4,672
14,972
Total assets less current liabilities
16,064
28,705
Creditors: amounts falling due after more than one year
(11,482)
(9,999)
Called up share capital
100
1
Profit and loss account
4,482
18,705
Shareholders' funds
4,582
18,706
For the year ending 30 September 2022 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.
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 3 November 2022 and were signed on its behalf by
Mr I J Reeves
Director
Company Registration No. 08211733
Netlinx Ltd
Notes to the Accounts
for the year ended 30 September 2022
Netlinx Ltd is a private company, limited by shares, registered in England and Wales, registration number 08211733. The registered office is 14 Meadow Rise, Kingswood, Hull, HU7 3AG, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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% cost
Fixtures & fittings
25% cost
Computer equipment
25% cost
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Netlinx Ltd
Notes to the Accounts
for the year ended 30 September 2022
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2021
717
24,506
3,668
4,668
33,559
Additions
442
-
289
487
1,218
At 30 September 2022
1,159
24,506
3,957
5,155
34,777
At 1 October 2021
410
12,445
2,302
4,669
19,826
Charge for the year
188
2,412
918
41
3,559
At 30 September 2022
598
14,857
3,220
4,710
23,385
At 30 September 2022
561
9,649
737
445
11,392
At 30 September 2021
307
12,061
1,366
(1)
13,733
Amounts falling due within one year
Trade debtors
5,232
30,410
Accrued income and prepayments
100
220
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
1,733
1,798
Obligations under finance leases and hire purchase contracts
3,132
9,415
Trade creditors
854
4,412
Taxes and social security
6,064
12,617
Loans from directors
675
167
7
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
6,283
3,132
8
Share capital
2022
2021
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Netlinx Ltd
Notes to the Accounts
for the year ended 30 September 2022
9
Average number of employees
During the year the average number of employees was 1 (2021: 1).