Company Registration No. 10023384 (England and Wales)
Network Point Limited
Unaudited accounts
for the year ended 29 February 2024
Network Point Limited
Unaudited accounts
Contents
Network Point Limited
Company Information
for the year ended 29 February 2024
Directors
Noor Hussain Mughal
Ahmet Musa
Company Number
10023384 (England and Wales)
Registered Office
International House
24 Holborn Viaduct
London
EC1A 2BN
United Kingdom
Network Point Limited
Statement of financial position
as at 29 February 2024
Cash at bank and in hand
4,290
166
Creditors: amounts falling due within one year
(26,981)
(20,352)
Net current assets
3,753
6,258
Total assets less current liabilities
4,447
7,300
Creditors: amounts falling due after more than one year
(4,046)
(7,065)
Called up share capital
100
100
Profit and loss account
301
135
Shareholders' funds
401
235
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2024 and were signed on its behalf by
Noor Hussain Mughal
Director
Company Registration No. 10023384
Network Point Limited
Notes to the Accounts
for the year ended 29 February 2024
Network Point Limited is a private company, limited by shares, registered in England and Wales, registration number 10023384. The registered office is International House, 24 Holborn Viaduct, London, EC1A 2BN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% RBM
The accounts are presented in £ sterling.
4
Tangible fixed assets
Computer equipment
Network Point Limited
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Other debtors
26,444
26,444
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,195
3,195
Taxes and social security
28,556
8,584
Loans from directors
(25,181)
(89)
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 4 (2023: 2).