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Shaw Network Solutions Ltd
Registered Number:09897908
For the year ended 31 December 2021
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2021
Shaw Network Solutions Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
09897908
As at 31 December 2021
Shaw Network Solutions Ltd
Statement of Financial Position
£
£
2020
2021
Notes
Fixed assets
Property, plant and equipment
3,928
9,127
2
3,928
9,127
Current assets
Trade and other receivables
186
726
3
2,512
Cash and cash equivalents
66
792
2,698
Trade and other payables: amounts falling due within one
year
(20,195)
(15,921)
4
(17,497)
(15,129)
Net current liabilities
Total assets less current liabilities
(11,201)
(8,370)
Trade and other payables: amounts falling due after more
than one year
(17,526)
(15,061)
5
(26,262)
Net liabilities
(25,896)
Capital and reserves
Called up share capital
1
1
Retained earnings
(26,263)
(25,897)
(26,262)
(25,896)
Shareholders' funds
For the year ended 31 December 2021 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
L Shaw Director
These financial statements were approved and authorised for issue by the Board on 12 September 2022 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2021
Shaw Network Solutions Ltd
Notes to the Financial Statements
Statutory Information
Shaw Network Solutions Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 09897908.
Registered address:
9 Nursery Place
Sevenoaks
Kent
TN13 2RH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax for art installation and IT services.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
33.33% Straight line
Motor Vehicles
20% - 33.33% Straight line
Equipment Furniture & Fittings
2. Property, plant and equipment
Equipment
Furniture &
Fittings
£
Cost or
valuation
At 01 January 2021
16,415
At 31 December 2021
16,415
Provision for depreciation and impairment
At 01 January 2021
7,288
Charge for year
5,199
At 31 December 2021
12,487
At 31 December 2021
Net book value
3,928
At 31 December 2020
9,127
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5
For the year ended 31 December 2021
Shaw Network Solutions Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2020
2021
£
£
Trade debtors
726
186
4. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Bank loans and overdraft
2,520
1,274
Taxation and social security
5,857
1,268
Other creditors
7,544
17,653
15,921
20,195
5. Trade and other payables: amounts falling due after more than one year
2020
2021
£
£
Bank loans and overdraft
15,061
17,526
6. Average number of persons employed
During the year the average number of employees was 1 (2020 : 1)
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