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REGISTERED NUMBER: 07656946 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

NETWORK MAPPING GROUP LIMITED

NETWORK MAPPING GROUP LIMITED (REGISTERED NUMBER: 07656946)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NETWORK MAPPING GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: B D Thomas
K Lopsaitis





REGISTERED OFFICE: Unit 8 Whitfield Business Park
Manse Lane
Knaresborough
North Yorkshire
HG5 8BS





REGISTERED NUMBER: 07656946 (England and Wales)





AUDITORS: Francis Maxwell LLP
Statutory Auditor
Chartered Certified Accountants
The Stables
23b Lenten Street
Alton
Hampshire
GU34 1HG

NETWORK MAPPING GROUP LIMITED (REGISTERED NUMBER: 07656946)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Debtors 5 109,043 109,093
Cash at bank 32 6
109,075 109,099
CREDITORS
Amounts falling due within one year 6 4,329 4,329
NET CURRENT ASSETS 104,746 104,770
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,746

104,770

CAPITAL AND RESERVES
Called up share capital 3,024 3,024
Share premium 29,064 29,064
Other reserves 2,357,789 1,670,590
Retained earnings (2,285,131 ) (1,597,908 )
SHAREHOLDERS' FUNDS 104,746 104,770

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 5 February 2024 and were signed on its behalf by:





K Lopsaitis - Director


NETWORK MAPPING GROUP LIMITED (REGISTERED NUMBER: 07656946)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

Network Mapping Group 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.

Preparation of consolidated financial statements
The financial statements contain information about Network Mapping Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 401 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Trimble Inc., 10368 Westmoor Drive, Westminster, Colorado, USA..

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

NETWORK MAPPING GROUP LIMITED (REGISTERED NUMBER: 07656946)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - NIL ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 January 2022 1,674,591
Additions 687,199
At 31 December 2022 2,361,790
PROVISIONS
At 1 January 2022 1,674,591

Impairments 687,199
At 31 December 2022 2,361,790
NET BOOK VALUE
At 31 December 2022 -
At 31 December 2021 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed by group undertakings 109,043 109,093

Amounts owed by subsidiary undertakings are non-interest bearing and are repayable on demand.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed to group undertakings 4,329 4,329

Amounts owed to group undertakings are non-interest bearing and are repayable on demand.

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Kevin Lee (Senior Statutory Auditor)
for and on behalf of Francis Maxwell LLP

NETWORK MAPPING GROUP LIMITED (REGISTERED NUMBER: 07656946)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

8. ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY

For the year, the Directors consider the Company's parent undertaking to be Trimble Solutions (UK) Limited, a company incorporated in England, and the Company's ultimate parent undertaking to be Trimble Inc., a company incorporated in the United States of America.

On 12 November 2022 the Company entered a share purchase agreement which came into effect on 31 December 2022. This has led to a change in control of the Company to senior management.

From 1 January 2023, the directors are considered to be the ultimate controlling party by virtue of their beneficial interest in the issued share capital of the Company.

The largest and smallest group in which the results for the year of the Company are consolidated is that headed by Trimble Inc., with a registered office of 10368 Westmoor Drive, Westminster, Colorado, 80021, USA. The consolidated financial statements of Trimble Inc. are available to the public and may be obtained from https://trimble.com/.