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REGISTERED NUMBER: 05249969 (England and Wales)












Financial Statements

for the Year Ended 31 July 2023

for

Engineer Team Network Limited

Engineer Team Network Limited (Registered number: 05249969)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Engineer Team Network Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: A S Morgan





REGISTERED OFFICE: 46-48 Long Street
Middleton
Manchester
M24 6UQ





REGISTERED NUMBER: 05249969 (England and Wales)





ACCOUNTANTS: Archwood Accountants
Archwood House
46-48 Long Street
Middleton
Manchester
M24 6UQ

Engineer Team Network Limited (Registered number: 05249969)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,043 2,403

CURRENT ASSETS
Debtors 5 40,911 28,861
Cash at bank 4,498 11,141
45,409 40,002
CREDITORS
Amounts falling due within one year 6 8,752 10,167
NET CURRENT ASSETS 36,657 29,835
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,700

32,238

PROVISIONS FOR LIABILITIES 380 335
NET ASSETS 38,320 31,903

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 38,319 31,902
SHAREHOLDERS' FUNDS 38,320 31,903

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 11 April 2024 and were signed by:




A S Morgan - Director


Engineer Team Network Limited (Registered number: 05249969)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Engineer Team Network 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 15% on reducing balance
Computer equipment - 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Engineer Team Network Limited (Registered number: 05249969)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 25,552 1,130 26,682
DEPRECIATION
At 1 August 2022 23,965 314 24,279
Charge for year 238 122 360
At 31 July 2023 24,203 436 24,639
NET BOOK VALUE
At 31 July 2023 1,349 694 2,043
At 31 July 2022 1,587 816 2,403

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Amount owed by related company 40,911 28,861

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Tax 6,787 6,674
Directors' current accounts 465 493
Accrued expenses 1,500 3,000
8,752 10,167

7. RELATED PARTY DISCLOSURES

The company made loans to A&R Boiler Repair Specialist Ltd, a company under the common control of Mr A S Morgan. At 31 July 2023, the company was owed £40,911 (2022: £28,861) by A&R Boiler Repair Specialist Ltd. The loan is unsecured, interest free and repayable on demand.

8. ULTIMATE CONTROLLING PARTY

The controlling party is A S Morgan.