NetDev Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04741258 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2017

for

NetDev Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J M Logsdon

SECRETARY:

Ms C James-Gerrard

REGISTERED OFFICE:

69 Middle Street

BRIGHTON

Sussex

BN1 1AL

REGISTERED NUMBER:

04741258 (England and Wales)

ACCOUNTANTS:

Reeves Wilkinson Limited trading as Botting & Co

Chartered Certified Accountants

41b Beach Road

Littlehampton

West Sussex

BN17 5JA

FIXED ASSETS

Tangible assets

4

133,028

66,798

CURRENT ASSETS

Debtors

5

882,729

533,558

Cash at bank and in hand

1,588,774

1,001,364

2,471,503

1,534,922

CREDITORS

Amounts falling due within one year

6

577,881

578,622

NET CURRENT ASSETS

1,893,622

956,300

TOTAL ASSETS LESS CURRENT LIABILITIES

2,026,650

1,023,098

CREDITORS

Amounts falling due after more than one year

7

(94,382

)

(14,444

)

PROVISIONS FOR LIABILITIES

(30,708

)

(7,130

)

NET ASSETS

1,901,560

1,001,524

CAPITAL AND RESERVES

Called up share capital

1

1

Capital redemption reserve

1

1

Retained earnings

1,901,558

1,001,522

SHAREHOLDERS' FUNDS

1,901,560

1,001,524

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 22 December 2017 and were signed by:

J M Logsdon - Director

1.	STATUTORY INFORMATION

NetDev 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 represents net invoiced sales of services and goods, excluding value added tax, and an appropriate

proportion of ongoing contracts earned up to the Balance Sheet date.

Tangible fixed assets

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

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

33% on cost and 15% 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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 12 (2016 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2016

1,896

238,728

240,624

Additions

-

117,109

117,109

At 30 April 2017

1,896

355,837

357,733

DEPRECIATION

At 1 May 2016

593

173,233

173,826

Charge for year

340

50,539

50,879

At 30 April 2017

933

223,772

224,705

NET BOOK VALUE

At 30 April 2017

963

132,065

133,028

At 30 April 2016

1,303

65,495

66,798

5.

DEBTORS

30.4.17

30.4.16

£

£

Amounts falling due within one year:

Trade debtors

564,104

241,186

Amounts owed by group undertakings

37,531

34,724

Other debtors

241,272

220,148

842,907

496,058

Amounts falling due after more than one year:

Other debtors

39,822

37,500

Aggregate amounts

882,729

533,558

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade creditors

80,921

47,016

Amounts owed to group undertakings

21,028

21,028

Taxation and social security

340,840

226,639

Other creditors

135,092

283,939

577,881

578,622

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.17

30.4.16

£

£

Other creditors

94,382

14,444

8.	TRANSITION TO FRS102

These financial statements for the year ended 30 April 2017 are the first financial statements that comply with

FRS102 Section 1A. The date of transition is 1 May 2015.

No restatement of the comparative figures was required as a result of the adoption of the new reporting regime.