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T3 NETWORK SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






T3 NETWORK SOLUTIONS LIMITED (REGISTERED NUMBER: 05853700)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T3 NETWORK SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: N Gibbs
A K Gibbs





REGISTERED OFFICE: Kedleston House Prime Business Centre
Aspen Drive
Derby
Derbyshire
DE21 7SS





REGISTERED NUMBER: 05853700 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

T3 NETWORK SOLUTIONS LIMITED (REGISTERED NUMBER: 05853700)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,088 8,820
6,088 8,820

CURRENT ASSETS
Stocks 2,500 2,500
Debtors 6 97,798 67,045
Cash at bank 163,136 157,561
263,434 227,106
CREDITORS
Amounts falling due within one year 7 134,070 119,018
NET CURRENT ASSETS 129,364 108,088
TOTAL ASSETS LESS CURRENT LIABILITIES 135,452 116,908

PROVISIONS FOR LIABILITIES 9 1,500 2,200
NET ASSETS 133,952 114,708

CAPITAL AND RESERVES
Called up share capital 10 4 4
Retained earnings 133,948 114,704
SHAREHOLDERS' FUNDS 133,952 114,708

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

T3 NETWORK SOLUTIONS LIMITED (REGISTERED NUMBER: 05853700)

BALANCE SHEET - continued
30 JUNE 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





N Gibbs - Director


T3 NETWORK SOLUTIONS LIMITED (REGISTERED NUMBER: 05853700)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

T3 Network Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

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 - 33% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

T3 NETWORK SOLUTIONS LIMITED (REGISTERED NUMBER: 05853700)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 July 2023
and 30 June 2024 37,000
AMORTISATION
At 1 July 2023
and 30 June 2024 37,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 14,599 6,500 21,099
Additions 1,266 - 1,266
At 30 June 2024 15,865 6,500 22,365
DEPRECIATION
At 1 July 2023 5,779 6,500 12,279
Charge for year 3,998 - 3,998
At 30 June 2024 9,777 6,500 16,277
NET BOOK VALUE
At 30 June 2024 6,088 - 6,088
At 30 June 2023 8,820 - 8,820

T3 NETWORK SOLUTIONS LIMITED (REGISTERED NUMBER: 05853700)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 81,108 59,540
Other debtors 16,690 7,505
97,798 67,045

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 32,778 33,923
Taxation and social security 69,309 58,355
Other creditors 31,983 26,740
134,070 119,018

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 5,280 5,280
Between one and five years 1,320 6,600
6,600 11,880

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,500 2,200

Deferred
tax
£   
Balance at 1 July 2023 2,200
Provided during year (700 )
Balance at 30 June 2024 1,500

T3 NETWORK SOLUTIONS LIMITED (REGISTERED NUMBER: 05853700)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary A £1.00 2 2
1 Ordinary B £1.00 1 1
1 Ordinary C £1.00 1 1
4 4