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REGISTERED NUMBER: 10286909 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2018

FOR

NETPAL LTD

NETPAL LTD (REGISTERED NUMBER: 10286909)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

NETPAL LTD

COMPANY INFORMATION
for the Year Ended 31 July 2018







DIRECTOR: M D Griffin





REGISTERED OFFICE: 5c Clytha Sq
Newport
NP20 2EF





REGISTERED NUMBER: 10286909 (England and Wales)





ACCOUNTANTS: XEN ACCOUNTANTS LTD
102A
Commercial Street
Newport
NP20 1LU

NETPAL LTD (REGISTERED NUMBER: 10286909)

BALANCE SHEET
31 July 2018

Notes £    £   
FIXED ASSETS
Tangible assets 3 109

CURRENT ASSETS
Cash at bank and in hand 4,680

CREDITORS
Amounts falling due within one year 4 2,695
NET CURRENT ASSETS 1,985
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,094

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings 2,093
SHAREHOLDERS' FUNDS 2,094

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 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.

NETPAL LTD (REGISTERED NUMBER: 10286909)

BALANCE SHEET - continued
31 July 2018


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 24 April 2019 and were signed by:





M D Griffin - Director


NETPAL LTD (REGISTERED NUMBER: 10286909)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2018

1. STATUTORY INFORMATION

Netpal Ltd 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 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.

NETPAL LTD (REGISTERED NUMBER: 10286909)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2018

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2017
and 31 July 2018 219
DEPRECIATION
At 1 August 2017 55
Charge for year 55
At 31 July 2018 110
NET BOOK VALUE
At 31 July 2018 109
At 31 July 2017 164

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors (1 )
Taxation and social security 466
Other creditors 2,230
2,695

NETPAL LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
NETPAL LTD

The following reproduces the text of the report prepared for the director and members in
respect of the company's annual unaudited financial statements. In accordance with the
Companies Act 2006, the company is only required to file a Balance Sheet. Readers are
cautioned that the Income Statement and certain other primary statements and the Report
of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2018 set out on pages to and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






XEN ACCOUNTANTS LTD
102A
Commercial Street
Newport
NP20 1LU


24 April 2019