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REGISTERED NUMBER: 05942679 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021

FOR

K H NETWORKS LIMITED

K H NETWORKS LIMITED (REGISTERED NUMBER: 05942679)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


K H NETWORKS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2021







DIRECTORS: K Hughes
M Hughes
C J Leighton
R J Taylor





SECRETARY: M Hughes





REGISTERED OFFICE: Cheribourne House
45A Station Road
Willington
Bedford
Bedfordshire
MK44 3QL





REGISTERED NUMBER: 05942679 (England and Wales)





ACCOUNTANTS: Baker Noel
Cheribourne House
45A Station Road
Willington
Bedford
Bedfordshire
MK44 3QL

K H NETWORKS LIMITED (REGISTERED NUMBER: 05942679)

BALANCE SHEET
30 NOVEMBER 2021

30.11.21 30.11.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,536 22,591

CURRENT ASSETS
Debtors 5 365,152 372,371
Cash at bank 112,630 156,523
477,782 528,894
CREDITORS
Amounts falling due within one year 6 345,507 365,868
NET CURRENT ASSETS 132,275 163,026
TOTAL ASSETS LESS CURRENT
LIABILITIES

161,811

185,617

CREDITORS
Amounts falling due after more than one
year

7

(155,328

)

(180,723

)

PROVISIONS FOR LIABILITIES (5,602 ) (4,281 )
NET ASSETS 881 613

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 781 513
SHAREHOLDERS' FUNDS 881 613

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

K H NETWORKS LIMITED (REGISTERED NUMBER: 05942679)

BALANCE SHEET - continued
30 NOVEMBER 2021


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 Board of Directors and authorised for issue on 10 August 2022 and were signed on its behalf by:





K Hughes - Director


K H NETWORKS LIMITED (REGISTERED NUMBER: 05942679)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

1. STATUTORY INFORMATION

K H Networks 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% 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.

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 18 (2020 - 18 ) .

K H NETWORKS LIMITED (REGISTERED NUMBER: 05942679)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2020 5,044 67,650 28,571 101,265
Additions - 22,295 1,115 23,410
At 30 November 2021 5,044 89,945 29,686 124,675
DEPRECIATION
At 1 December 2020 4,743 46,869 27,062 78,674
Charge for year 300 15,033 1,132 16,465
At 30 November 2021 5,043 61,902 28,194 95,139
NET BOOK VALUE
At 30 November 2021 1 28,043 1,492 29,536
At 30 November 2020 301 20,781 1,509 22,591

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.21 30.11.20
£    £   
Trade debtors 343,819 337,890
Other debtors 21,333 34,481
365,152 372,371

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.21 30.11.20
£    £   
Bank loans and overdrafts 90,021 99,093
Hire purchase contracts (see note 8) 5,574 -
Trade creditors 51,714 69,527
Taxation and social security 102,216 116,321
Other creditors 95,982 80,927
345,507 365,868

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.21 30.11.20
£    £   
Hire purchase contracts (see note 8) 15,328 -
Other creditors 140,000 180,723
155,328 180,723

K H NETWORKS LIMITED (REGISTERED NUMBER: 05942679)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts
30.11.21 30.11.20
£    £   
Net obligations repayable:
Within one year 5,574 -
Between one and five years 15,328 -
20,902 -