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REGISTERED NUMBER: 12599652 (England and Wales)












Network Leasing Ltd

Unaudited Financial Statements for the Year Ended 31 March 2024






Network Leasing Ltd (Registered number: 12599652)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Network Leasing Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs D L Hopcroft
A C Hopcroft





REGISTERED OFFICE: Unit 24 Alliance Court
Alliance Road
Acton
London
W3 0RB





REGISTERED NUMBER: 12599652 (England and Wales)





ACCOUNTANTS: Cottrill Mason Ltd
13 Vansittart Estate
Windsor
Berkshire
SL4 1SE

Network Leasing Ltd (Registered number: 12599652)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 510,105 38,394

CURRENT ASSETS
Debtors 5 48,758 100
Cash at bank 11,175 91,430
59,933 91,530
CREDITORS
Amounts falling due within one year 6 92,295 22,483
NET CURRENT (LIABILITIES)/ASSETS (32,362 ) 69,047
TOTAL ASSETS LESS CURRENT
LIABILITIES

477,743

107,441

CREDITORS
Amounts falling due after more than one
year

7

175,588

-
NET ASSETS 302,155 107,441

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 302,055 107,341
302,155 107,441

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

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

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 Board of Directors and authorised for issue on 15 October 2024 and were signed on its behalf by:





A C Hopcroft - Director


Network Leasing Ltd (Registered number: 12599652)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Network Leasing Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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 4 (2023 - 2 ) .

Network Leasing Ltd (Registered number: 12599652)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 63,990
Additions 651,783
Disposals (148,990 )
At 31 March 2024 566,783
DEPRECIATION
At 1 April 2023 25,596
Charge for year 56,678
Eliminated on disposal (25,596 )
At 31 March 2024 56,678
NET BOOK VALUE
At 31 March 2024 510,105
At 31 March 2023 38,394

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 42,058 -
Other debtors 6,700 100
48,758 100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 80,230 3,367
Trade creditors 621 8,951
Taxation and social security 6,617 10,165
Other creditors 4,827 -
92,295 22,483

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 175,588 -