Netwirking Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08383601 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2022

for

Netwirking Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P J H Grootendorst

SECRETARY:

P J H Grootendorst

REGISTERED OFFICE:

27 Fowler Wynd

Durham

DH1 3EZ

REGISTERED NUMBER:

08383601 (England and Wales)

ACCOUNTANTS:

Main Street Accountancy Limited

Ridge House Annexe

16 Main Ridge West

Boston

Lincolnshire

PE21 6QQ

CURRENT ASSETS

Debtors

4

5,460

4,413

Cash at bank

83,371

30,700

88,831

35,113

CREDITORS

Amounts falling due within one year

5

36,891

13,059

NET CURRENT ASSETS

51,940

22,054

TOTAL ASSETS LESS CURRENT LIABILITIES

51,940

22,054

CREDITORS

Amounts falling due after more than one year

6

26,350

29,596

NET ASSETS/(LIABILITIES)

25,590

(7,542

)

CAPITAL AND RESERVES

Called up share capital

600

600

Retained earnings

24,990

(8,142

)

25,590

(7,542

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 October 2022 and were signed by:

P J H Grootendorst - Director

1.	STATUTORY INFORMATION

Netwirking Limited 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 (2021 - 11 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.22

31.1.21

£

£

Trade debtors

5,460

3,080

Other debtors

-

1,333

5,460

4,413

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.22

31.1.21

£

£

Bank loans and overdrafts

3,060

1,810

Trade creditors

3,989

4,913

Taxation and social security

9,729

4,281

Other creditors

20,113

2,055

36,891

13,059

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.22

31.1.21

£

£

Bank loans

24,944

28,190

Other creditors

1,406

1,406

26,350

29,596

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

11,908

16,042