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REGISTERED NUMBER: 05614303 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

INTOUCH NETWORX LIMITED

INTOUCH NETWORX LIMITED (REGISTERED NUMBER: 05614303)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INTOUCH NETWORX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: S G Peters
P B James





REGISTERED OFFICE: Victoria House
26 Queen Victoria Street
Reading
Berkshire
RG1 1TG





REGISTERED NUMBER: 05614303 (England and Wales)

INTOUCH NETWORX LIMITED (REGISTERED NUMBER: 05614303)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,978 16,957

CURRENT ASSETS
Debtors 5 22,561 55,112
Cash at bank and in hand 47,397 79,518
69,958 134,630
CREDITORS
Amounts falling due within one year 6 88,838 98,124
NET CURRENT (LIABILITIES)/ASSETS (18,880 ) 36,506
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,098

53,463

CREDITORS
Amounts falling due after more than one
year

7

3,910

12,025
NET ASSETS 8,188 41,438

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 8,186 41,436
SHAREHOLDERS' FUNDS 8,188 41,438

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

INTOUCH NETWORX LIMITED (REGISTERED NUMBER: 05614303)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 30 August 2024 and were signed on its behalf by:





P B James - Director


INTOUCH NETWORX LIMITED (REGISTERED NUMBER: 05614303)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Intouch Networx Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05614303 and the registered office is Victoria House, 26 Queen Street, Reading Berkshire RG1 1TG.

The principal activity of the company is that of installation of computer networking systems and related consultancy.

The financial statements are presented in Pound Sterling (£), which is also the functional currency of the company.

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
Revenue (described as turnover) is the value of goods and services provided (net of VAT) during the year.

Revenue is recognised on the sale of goods when the goods are delivered and title has passed. Revenue is recognised on the provision of services when the right to consideration is obtained through performance.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and impairment.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance basis
Motor vehicles - 25% on reducing balance basis
Computer equipment - 20% on reducing balance basis

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

Short term debtors are measured at transaction price, less any impairment. Short term creditors are measured at transaction price.


INTOUCH NETWORX LIMITED (REGISTERED NUMBER: 05614303)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued
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.

Going concern justification
The directors are not aware of any material uncertainties that may cast significant doubt over the ability of the company to continue trading, and will continue to provide financial support to meet the company's liabilities as they fall due. The financial statements are therefore prepared on a going concern basis.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period
of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 9,541 24,860 4,341 38,742
Additions - 18,098 - 18,098
At 30 November 2023 9,541 42,958 4,341 56,840
DEPRECIATION
At 1 December 2022 8,998 11,168 1,619 21,785
Charge for year 109 3,423 545 4,077
At 30 November 2023 9,107 14,591 2,164 25,862
NET BOOK VALUE
At 30 November 2023 434 28,367 2,177 30,978
At 30 November 2022 543 13,692 2,722 16,957

INTOUCH NETWORX LIMITED (REGISTERED NUMBER: 05614303)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 17,987 34,518
Other debtors 4,574 20,594
22,561 55,112

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 3,909 3,909
Trade creditors 32,771 29,935
Taxation and social security 21,474 40,810
Other creditors 30,684 23,470
88,838 98,124

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 3,910 12,025

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end a director owed the company £1,233 (2022: £Nil).