Company registration number 06298014 (England and Wales)
PULSE NETWORKING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
30-31 St. James Place
Mangotsfield
Bristol
United Kingdom
BS16 9JB
PULSE NETWORKING LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 5
PULSE NETWORKING LIMITED
BALANCE SHEET
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,067
1,513
Current assets
Debtors
4
885
102
Cash at bank and in hand
34,909
27,806
35,794
27,908
Creditors: amounts falling due within one year
5
(26,278)
(21,886)
Net current assets
9,516
6,022
Total assets less current liabilities
10,583
7,535
Provisions for liabilities
(266)
(287)
Net assets
10,317
7,248
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
10,217
7,148
Total equity
10,317
7,248
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
PULSE NETWORKING LIMITED
BALANCE SHEET (CONTINUED)
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 7 October 2024 and are signed on its behalf by:
Mr P H Charles
Director
Company Registration No. 06298014
PULSE NETWORKING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 4 -
1
Accounting policies
Company information
Pulse Networking Limited is a private company limited by shares incorporated in England and Wales. The registered office is 30 - 31 St James Place, Mangotsfield, Bristol, England, BS16 9JB.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
25% on reducing balance
Computers
25% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
PULSE NETWORKING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 5 -
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 August 2023
2,318
6,822
9,140
Disposals
(99)
(99)
At 31 July 2024
2,318
6,723
9,041
Depreciation and impairment
At 1 August 2023
1,909
5,718
7,627
Depreciation charged in the year
102
255
357
Eliminated in respect of disposals
(10)
(10)
At 31 July 2024
2,011
5,963
7,974
Carrying amount
At 31 July 2024
307
760
1,067
At 31 July 2023
409
1,104
1,513
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
885
102
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
232
1,094
Taxation and social security
5,645
6,666
Other creditors
20,401
14,126
26,278
21,886