Registered number
03607247
Span Network Solutions Limited
Filleted Accounts
31 July 2023
Span Network Solutions Limited
Registered number: 03607247
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 18,586 24,074
Current assets
Debtors 4 237,529 181,870
Cash at bank and in hand 21,878 17,857
259,407 199,727
Creditors: amounts falling due within one year 5 (307,543) (219,834)
Net current liabilities (48,136) (20,107)
Total assets less current liabilities (29,550) 3,967
Creditors: amounts falling due after more than one year 6 (57,096) (106,314)
Net liabilities (86,646) (102,347)
Capital and reserves
Called up share capital 2 2
Profit and loss account (86,648) (102,349)
Shareholders' funds (86,646) (102,347)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R B Stratton
Director
Approved by the board on 19 October 2023
Span Network Solutions Limited
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plant and machinery 25% reducing balance method
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 8
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2022 72,399
Additions 1,041
Disposals (2,500)
At 31 July 2023 70,940
Depreciation
At 1 August 2022 48,325
Charge for the year 6,279
On disposals (2,250)
At 31 July 2023 52,354
Net book value
At 31 July 2023 18,586
At 31 July 2022 24,074
4 Debtors 2023 2022
£ £
Trade debtors 187,032 108,583
Directors account 22,048 39,524
Amounts owed by connected companies 7,975 18,627
Other debtors 20,474 15,136
237,529 181,870
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 72,011 81,950
Obligations under finance lease and hire purchase contracts 4,147 4,147
Trade creditors 37,504 5,725
Amounts owed to connected companies 17,227 7,746
Taxation and social security costs 167,978 116,907
Other creditors 8,676 3,359
307,543 219,834
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 49,860 94,931
Obligations under finance lease and hire purchase contracts 7,236 11,383
57,096 106,314
7 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 94,931 155,068
The loans are secured over the assets of the company.
8 Going concern
The directors consider that it is appropriate to prepare the accounts on a going concern basis as the business is profitable and the company continues to receive financial support from its lenders. The accounts do not include any adjustments that would result if the support were withdrawn.
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
R B Stratton
Interest free and repayable on demand 39,524 6,524 (24,000) 22,048
39,524 6,524 (24,000) 22,048
10 Related party transactions
During the year the company had intercompany balances with other companies in which R B Stratton is both a director and shareholder. These were Fly Limited, RBS Tech Limited, Alpha Records Limited, DataDam Limited and Oxford Support Systems Limited.

By virtue of his control the following companies were considered to be associated companies of the company in the year ended 31 July 2023:

Oxford Support Systems Limited - Creditor of £15,746 (2022: £7,746)
RBS Tech Limited - Creditor of £1,481 (2022: Debtor of £8,494)
Revoteck Limited - No intercompany transactions in the year, dormant company
11 Controlling party
The company is under the control of R B Stratton.
12 Other information
Span Network Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Abbey Street
Eynsham
Oxon
OX29 4TB
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