Company Registration No. 10022030 (England and Wales)
NETWORK GSA LTD
Unaudited accounts
for the year ended 31 March 2024
NETWORK GSA LTD
Unaudited accounts
Contents
NETWORK GSA LTD
Company Information
for the year ended 31 March 2024
Company Number
10022030 (England and Wales)
Registered Office
16 Woodlands Walk
Mannings Heath
Horsham
West Sussex
RH13 6JG
England
Accountants
Angela MacCarthy Limited T A On The Spot
7 Chalfont Drive
Hove
East Sussex
BN3 6QR
NETWORK GSA LTD
Statement of financial position
as at 31 March 2024
Tangible assets
51,350
1,389
Cash at bank and in hand
343,043
266,890
Creditors: amounts falling due within one year
(104,054)
(64,483)
Net current assets
277,207
230,341
Net assets
328,557
231,730
Called up share capital
100
100
Profit and loss account
328,457
231,630
Shareholders' funds
328,557
231,730
For the year ending 31 March 2024 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 director acknowledges his 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 and authorised for issue on 27 August 2024 and were signed on its behalf by
Andrew Hoskins
Director
Company Registration No. 10022030
NETWORK GSA LTD
Notes to the Accounts
for the year ended 31 March 2024
NETWORK GSA LTD is a private company, limited by shares, registered in England and Wales, registration number 10022030. The registered office is 16 Woodlands Walk, Mannings Heath, Horsham, West Sussex, RH13 6JG, England.
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.
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.
Revenue, described as turnover, is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.
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
20% per annum straight line
Computer equipment
33.3% per annum straight line
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.
NETWORK GSA LTD
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
-
9,200
9,200
At 31 March 2024
54,090
9,200
63,290
At 1 April 2023
-
7,811
7,811
Charge for the year
3,606
523
4,129
At 31 March 2024
3,606
8,334
11,940
At 31 March 2024
50,484
866
51,350
At 31 March 2023
-
1,389
1,389
Amounts falling due within one year
Trade debtors
36,685
26,981
Accrued income and prepayments
988
383
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,133
1,222
Taxes and social security
34,080
16,176
Other creditors
6,967
5,947
Loans from directors
60,394
39,748
7
Transactions with related parties
The transactions with the director and shareholders have not been conducted under normal market conditions; A balance of £60,394 is owed to the director at the year and no interest is being charged to the company.
8
Average number of employees
During the year the average number of employees was 1 (2023: 2).