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REGISTERED NUMBER: 03028262 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

PLEXUS NETWORKING LIMITED

PLEXUS NETWORKING LIMITED (REGISTERED NUMBER: 03028262)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


PLEXUS NETWORKING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: P C Nevis





SECRETARY: R Nevis





REGISTERED OFFICE: Plexus House
Stockholm Road
Hull
East Yorkshire
HU7 0XW





REGISTERED NUMBER: 03028262 (England and Wales)





ACCOUNTANTS: Cheetham Allen
Chartered Accountants
17 Wright Street
Hull
East Yorkshire
HU2 8HU

PLEXUS NETWORKING LIMITED (REGISTERED NUMBER: 03028262)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 180,696 145,355

CURRENT ASSETS
Stocks 26,171 28,373
Debtors 5 179,942 243,256
Cash at bank and in hand 684,193 666,397
890,306 938,026
CREDITORS
Amounts falling due within one year 6 575,707 598,013
NET CURRENT ASSETS 314,599 340,013
TOTAL ASSETS LESS CURRENT
LIABILITIES

495,295

485,368

PROVISIONS FOR LIABILITIES 7 15,418 4,309
NET ASSETS 479,877 481,059

CAPITAL AND RESERVES
Called up share capital 8 1,100 1,100
Retained earnings 478,777 479,959
SHAREHOLDERS' FUNDS 479,877 481,059

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

PLEXUS NETWORKING LIMITED (REGISTERED NUMBER: 03028262)

BALANCE SHEET - continued
31ST MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27th September 2024 and were signed by:





P C Nevis - Director


PLEXUS NETWORKING LIMITED (REGISTERED NUMBER: 03028262)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Plexus Networking 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.

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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is calculated to write down the cost less estimated residual value of all fixed assets (excluding freehold land) over their expected useful lives.

The rates generally applicable are:-

Freehold buildings2% per annum - equal annual instalments
Plant and machinery25% per annum - equal annual instalments
Fixtures and fittingsat varying rates per annum - equal annual instalments
Motor vehicles25% per annum - reducing balance
Computer equipment 33% per annum - equal annual instalments

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 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.

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.

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.

PLEXUS NETWORKING LIMITED (REGISTERED NUMBER: 03028262)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued

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 12 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Freehold Fixtures
land and Plant and and
buildings machinery fittings
£    £    £   
COST
At 1st April 2023 177,863 46,968 13,035
Additions - - -
Disposals - (4,623 ) -
At 31st March 2024 177,863 42,345 13,035
DEPRECIATION
At 1st April 2023 60,923 44,798 11,943
Charge for year 2,557 908 122
Eliminated on disposal - (4,623 ) -
At 31st March 2024 63,480 41,083 12,065
NET BOOK VALUE
At 31st March 2024 114,383 1,262 970
At 31st March 2023 116,940 2,170 1,092

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st April 2023 84,213 16,089 338,168
Additions 56,174 2,913 59,087
Disposals (23,035 ) (9,092 ) (36,750 )
At 31st March 2024 117,352 9,910 360,505
DEPRECIATION
At 1st April 2023 59,060 16,089 192,813
Charge for year 18,200 813 22,600
Eliminated on disposal (21,889 ) (9,092 ) (35,604 )
At 31st March 2024 55,371 7,810 179,809
NET BOOK VALUE
At 31st March 2024 61,981 2,100 180,696
At 31st March 2023 25,153 - 145,355

PLEXUS NETWORKING LIMITED (REGISTERED NUMBER: 03028262)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 148,544 205,128
Amounts recoverable on contracts 19,941 22,446
Other debtors 11,457 15,682
179,942 243,256

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 19,166 37,927
Taxation and social security 103,479 73,754
Other creditors 453,062 486,332
575,707 598,013

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 15,418 4,309

Deferred
tax
£   
Balance at 1st April 2023 4,309
Accelerated capital allowances 11,109
Balance at 31st March 2024 15,418

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
880 Ordinary "A" £1 880 880
220 Ordinary "B" £1 220 220
1,100 1,100

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P C Nevis.