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Company Registration No. 05706812 (England and Wales)
Network Needs Limited Unaudited accounts for the year ended 31 March 2023
Network Needs Limited Unaudited accounts Contents
Page
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Network Needs Limited Company Information for the year ended 31 March 2023
Directors
Richard Benjamin Frost Ryan Alexander Lochhead
Secretary
Rebecca Louise Joel
Company Number
05706812 (England and Wales)
Registered Office
41 Oldfields Road Sutton Surrey SM1 2NB
Accountants
Blythe & Co 41 Oldfields Road Sutton Surrey SM1 2NB
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Network Needs Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
2,526 
2,526 
Debtors
40,853 
36,828 
Cash at bank and in hand
12,624 
5,174 
56,003 
44,528 
Creditors: amounts falling due within one year
(86,846)
(70,519)
Net current liabilities
(30,843)
(25,991)
Net liabilities
(30,843)
(25,991)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(30,844)
(25,992)
Shareholders' funds
(30,843)
(25,991)
For the year ending 31 March 2023 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 June 2023 and were signed on its behalf by
Ryan Alexander Lochhead Director Company Registration No. 05706812
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Network Needs Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Network Needs Limited is a private company, limited by shares, registered in England and Wales, registration number 05706812. The registered office is 41 Oldfields Road, Sutton, Surrey, SM1 2NB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost
Motor vehicles
25% on cost
Fixtures & fittings
25% on cost
Computer equipment
25% on cost
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2022
1,158 
10,003 
1,418 
55,170 
67,749 
Additions
- 
12,249 
- 
- 
12,249 
Disposals
- 
(12,249)
- 
- 
(12,249)
At 31 March 2023
1,158 
10,003 
1,418 
55,170 
67,749 
Depreciation
At 1 April 2022
1,158 
10,003 
1,418 
55,170 
67,749 
At 31 March 2023
1,158 
10,003 
1,418 
55,170 
67,749 
Net book value
At 31 March 2023
- 
- 
- 
- 
- 
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Network Needs Limited Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
38,350 
34,796 
Other debtors
2,503 
2,032 
40,853 
36,828 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
11,376 
4,304 
Taxes and social security
13,935 
11,097 
Other creditors
4,501 
- 
Loans from directors
55,809 
44,068 
Accruals
1,225 
11,050 
86,846 
70,519 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £0.01 each
1 
1 
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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