IRIS Accounts Production v24.1.4.33 11111493 director 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh111114932022-12-31111114932023-12-31111114932023-01-012023-12-31111114932021-12-31111114932022-01-012022-12-31111114932022-12-3111111493ns14:PoundSterling2023-01-012023-12-3111111493ns10:Director12023-01-012023-12-3111111493ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3111111493ns10:SmallEntities2023-01-012023-12-3111111493ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3111111493ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3111111493ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3111111493ns10:FullAccounts2023-01-012023-12-311111149312023-01-012023-12-3111111493ns5:CurrentFinancialInstruments2023-12-3111111493ns5:CurrentFinancialInstruments2022-12-3111111493ns5:ShareCapital2023-12-3111111493ns5:ShareCapital2022-12-3111111493ns5:RetainedEarningsAccumulatedLosses2023-12-3111111493ns5:RetainedEarningsAccumulatedLosses2022-12-3111111493ns10:RegisteredOffice2023-01-012023-12-3111111493ns5:NetGoodwill2023-01-012023-12-3111111493ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3111111493ns5:PlantMachinery2023-01-012023-12-3111111493ns5:NetGoodwill2023-12-3111111493ns5:ComputerEquipment2023-01-012023-12-3111111493ns5:ComputerEquipment2023-12-3111111493ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3111111493ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-311111149312023-01-012023-12-31
REGISTERED NUMBER: 11111493















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

NETWORKER GLOBAL LIMITED

NETWORKER GLOBAL LIMITED (REGISTERED NUMBER: 11111493)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 6


NETWORKER GLOBAL LIMITED (REGISTERED NUMBER: 11111493)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 1 -
Tangible assets 5 527 -
528 -

CURRENT ASSETS
Debtors 6 92,334 8,333

CREDITORS
Amounts falling due within one year 7 (949,918 ) (261,784 )
NET CURRENT LIABILITIES (857,584 ) (253,451 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(857,056

)

(253,451

)

PROVISIONS FOR LIABILITIES (100 ) -
NET LIABILITIES (857,156 ) (253,451 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (857,157 ) (253,452 )
(857,156 ) (253,451 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

NETWORKER GLOBAL LIMITED (REGISTERED NUMBER: 11111493)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2024 and were signed by:





A E Shaw - Director


NETWORKER GLOBAL LIMITED (REGISTERED NUMBER: 11111493)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

NETWORKER GLOBAL LIMITED is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address are as below:

Registered number: 11111493

Registered office: Summit House
12 Red Lion Square
London
WC1R 4QH

The principal activity of the company during the year was that of the building and provision of software for AI matching, employer and candidate portals and other IT related services.

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

GOING CONCERN
The financial statements have been prepared on the going concern basis which assumes that the company will continue to trade for the foreseeable future, and continue to receive the support from group companies.

REVENUE RECOGNITION
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of nil years.

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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

NETWORKER GLOBAL LIMITED (REGISTERED NUMBER: 11111493)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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 statement of financial position date.


NETWORKER GLOBAL LIMITED (REGISTERED NUMBER: 11111493)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 1
At 31 December 2023 1
NET BOOK VALUE
At 31 December 2023 1

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 791
At 31 December 2023 791
DEPRECIATION
Charge for year 264
At 31 December 2023 264
NET BOOK VALUE
At 31 December 2023 527

NETWORKER GLOBAL LIMITED (REGISTERED NUMBER: 11111493)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 7,000 8,333
Other debtors 61,145 -
VAT 24,189 -
92,334 8,333

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 63,280 42,094
Amounts owed to group undertakings 692,616 132,614
Social security and other taxes 185,034 79,743
Other creditors 7,393 6,133
Accruals and deferred income 1,595 1,200
949,918 261,784

8. POST BALANCE SHEET EVENTS

There were no significant events up to the date of approval of the financial statements by the Board.

9. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Work Perks Group Limited, a company incorporated in England and Wales.

10. GOING CONCERN

The financial statements have been prepared on the going concern basis which assumes that the company will continue to trade for the foreseeable future, and continue to receive the support from group companies.