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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
Page
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NETWORK GSA LTD Company Information for the year ended 31 March 2024
Director
Andrew Hoskins
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
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NETWORK GSA LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
51,350 
1,389 
Current assets
Debtors
38,218 
27,934 
Cash at bank and in hand
343,043 
266,890 
381,261 
294,824 
Creditors: amounts falling due within one year
(104,054)
(64,483)
Net current assets
277,207 
230,341 
Net assets
328,557 
231,730 
Capital and reserves
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
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NETWORK GSA LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
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.
Revenue
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
Foreign Currencies
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.
Pension costs
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.
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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 
Additions
54,090 
- 
54,090 
At 31 March 2024
54,090 
9,200 
63,290 
Depreciation
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 
Net book value
At 31 March 2024
50,484 
866 
51,350 
At 31 March 2023
- 
1,389 
1,389 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
545 
570 
Trade debtors
36,685 
26,981 
Accrued income and prepayments
988 
383 
38,218 
27,934 
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 
Accruals
1,480 
1,390 
104,054 
64,483 
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).
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