Abbreviated Company Accounts - NETCORP ENTERPRISES LIMITED

Abbreviated Company Accounts - NETCORP ENTERPRISES LIMITED

NETCORP ENTERPRISES LIMITED - Company Information

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Registered Number 03221462

NETCORP ENTERPRISES LIMITED

Abbreviated Accounts

29 December 2013

NETCORP ENTERPRISES LIMITED Registered Number 03221462

Abbreviated Balance Sheet as at 29 December 2013

Notes 2013 2012
€ €
Current assets
Debtors 557,170 1,209,208
Cash at bank and in hand 734,138 609,852
1,291,308 1,819,060
Creditors: amounts falling due within one year (124,213) (299,358)
Net current assets (liabilities) 1,167,095 1,519,702
Total assets less current liabilities 1,167,095 1,519,702
Creditors: amounts falling due after more than one year (1,023,444) (1,019,170)
Total net assets (liabilities) 143,651 500,532
Capital and reserves
Called up share capital 17,299 17,299
Other reserves (8,370) (8,370)
Profit and loss account 134,722 491,603
Shareholders' funds 143,651 500,532
  • For the year ending 29 December 2013 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 September 2014

And signed on their behalf by:
Dario Gobber, Director

NETCORP ENTERPRISES LIMITED Registered Number 03221462

Notes to the Abbreviated Accounts for the period ended 29 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Other accounting policies
CASHFLOW
The financial statements do not include a Cash flow statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under the Financial Reporting Standard for Smaller Entities (effective April 2008).

TURNOVER
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax.

FOREIGN CURRENCIES
Monetary assets and liabilities denominated in foreign currencies are translated into Euro at rates of exchange ruling at the balance sheet date.

Transactions in foreign currencies are translated into Euro at the rate ruling on the date of the transaction.

Exchange gains and losses are recognised in the profit and loss account.