Netz CMS Limited - Limited company accounts 16.3

REGISTERED NUMBER: 09338999 (England and Wales)

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

NETZ CMS LIMITED

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

Reconciliation of Equity

8

Reconciliation of Loss

10

DIRECTOR:

F Bertele

REGISTERED OFFICE:

39 Hendon Lane

London

N31RY

REGISTERED NUMBER:

09338999 (England and Wales)

ACCOUNTANTS:

Guner Associates

Chartered Accountants

39 Hendon Lane

Finchley

London

N3 1RY

The director presents his report with the financial statements of the company for the year ended 31 December 2016.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of client intelligence and lead generation through

the netz.uk platform.

DIRECTOR

F Bertele held office during the whole of the period from 1 January 2016 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

F Bertele - Director

4 July 2017

TURNOVER

10,810

-

Administrative expenses

111,777

68,814

(100,967

)

(68,814

)

Other operating income

14,474

-

OPERATING LOSS

4

(86,493

)

(68,814

)

Interest receivable and similar income

18

19

LOSS BEFORE TAXATION

(86,475

)

(68,795

)

Tax on loss

-

-

LOSS FOR THE FINANCIAL YEAR

(86,475

)

(68,795

)

FIXED ASSETS

Tangible assets

5

164

247

CURRENT ASSETS

Debtors

6

2,399

670

Cash at bank and in hand

73,756

39,136

76,155

39,806

CREDITORS

Amounts falling due within one year

7

445

13,748

NET CURRENT ASSETS

75,710

26,058

TOTAL ASSETS LESS CURRENT LIABILITIES

75,874

26,305

CAPITAL AND RESERVES

Called up share capital

8

132

115

Share premium

9

231,012

94,985

Retained earnings

9

(155,270

)

(68,795

)

SHAREHOLDERS' FUNDS

75,874

26,305

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 4 July 2017 and were signed by:

F Bertele - Director

1.	STATUTORY INFORMATION

Netz CMS 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 the provisions of Section 1A "Small Entities" 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 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	OPERATING LOSS

The operating loss is stated after charging:

2016

2015

£

£

Depreciation - owned assets

83

82

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2016

and 31 December 2016

329

DEPRECIATION

At 1 January 2016

82

Charge for year

83

At 31 December 2016

165

NET BOOK VALUE

At 31 December 2016

164

At 31 December 2015

247

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Other debtors

2,275

100

VAT

124

570

2,399

670

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

-

1

Social security and other taxes

-

45

Directors' current accounts

445

13,702

445

13,748

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

13,175

Ordinary

0.01

132

115

NIL

-

-

132

115

1,655 Ordinary shares of 0.01 each were allotted as fully paid at a premium of £82.17 per share during the year.

9.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 January 2016

(68,795

)

94,985

26,190

Deficit for the year

(86,475

)

-

(86,475

)

Cash share issue

-

136,027

136,027

At 31 December 2016

(155,270

)

231,012

75,742

TOTAL ASSETS LESS CURRENT LIABILITIES

-

-

-

NET LIABILITIES

-

-

-

RESERVES

-

-

-

**ERROR - DATA SCREEN - RECONCILIATION OF EQUITY - MUST BE COMPLETED

FIXED ASSETS

Tangible assets

4

247

-

247

CURRENT ASSETS

Debtors

5

670

-

670

Cash at bank and in hand

39,136

-

39,136

39,806

-

39,806

CREDITORS

Amounts falling due within one year

6

(13,748

)

-

(13,748

)

NET CURRENT ASSETS

26,058

-

26,058

TOTAL ASSETS LESS CURRENT LIABILITIES

26,305

-

26,305

NET ASSETS

26,305

-

26,305

CAPITAL AND RESERVES

Called up share capital

7

115

-

115

Share premium

8

94,985

-

94,985

Retained earnings

8

(68,795

)

-

(68,795

)

SHAREHOLDERS' FUNDS

26,305

-

26,305

TURNOVER

-

-

-

Administrative expenses

(68,814

)

-

(68,814

)

OPERATING LOSS

(68,814

)

-

(68,814

)

Interest receivable and similar income

19

-

19

and

LOSS BEFORE TAXATION

(68,795

)

-

(68,795

)

Tax on loss

-

-

-

LOSS FOR THE FINANCIAL YEAR

(68,795

)

-

(68,795

)