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Company Registration No. 10393954 (England and Wales)
Cisada Networks Limited Unaudited accounts for the year ended 30 September 2023
Cisada Networks Limited Unaudited accounts Contents
Page
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Cisada Networks Limited Company Information for the year ended 30 September 2023
Director
Ada Ejembi
Company Number
10393954 (England and Wales)
Registered Office
103 High Street Waltham Cross Hertfordshire EN8 7AN United Kingdom
Accountants
Brindley Goldstein Ltd 103 High Street Waltham Cross EN8 7AN
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Cisada Networks Limited Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
793 
4,290 
Current assets
Cash at bank and in hand
5 
473 
Creditors: amounts falling due within one year
(48,930)
(38,296)
Net current liabilities
(48,925)
(37,823)
Total assets less current liabilities
(48,132)
(33,533)
Creditors: amounts falling due after more than one year
(16,360)
(22,238)
Net liabilities
(64,492)
(55,771)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(64,592)
(55,871)
Shareholders' funds
(64,492)
(55,771)
For the year ending 30 September 2023 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 5 September 2024 and were signed on its behalf by
Ada Ejembi Director Company Registration No. 10393954
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Cisada Networks Limited Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Cisada Networks Limited is a private company, limited by shares, registered in England and Wales, registration number 10393954. The registered office is 103 High Street, Waltham Cross, Hertfordshire, EN8 7AN, United Kingdom.
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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:
Computer equipment
33 1/3% straight line
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2022
1,983 
16,609 
18,592 
At 30 September 2023
1,983 
16,609 
18,592 
Depreciation
At 1 October 2022
794 
13,508 
14,302 
Charge for the year
397 
3,100 
3,497 
At 30 September 2023
1,191 
16,608 
17,799 
Net book value
At 30 September 2023
792 
1 
793 
At 30 September 2022
1,189 
3,101 
4,290 
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Cisada Networks Limited Notes to the Accounts for the year ended 30 September 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
48,626 
38,281 
Loans from directors
304 
15 
48,930 
38,296 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
16,360 
22,238 
7
Transactions with related parties
The company was under the control of Mr A. Ejembi throughout the current period. Mr A Ejembi is personally interested in 100% of the company's issued share capital. Mr A. Ejembi received a dividend from the company during the year of £32,000 (2022:£31,000.)
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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