Company Registration No. 07869745 (England and Wales)
NETWORK IT 24 LIMITED
Unaudited accounts
for the year ended 31 August 2024
NETWORK IT 24 LIMITED
Unaudited accounts
Contents
NETWORK IT 24 LIMITED
Company Information
for the year ended 31 August 2024
Directors
Rizwana Akhtar
Tanvir Manir
Company Number
07869745 (England and Wales)
Registered Office
DUDLEY COURT SOUTH
THE WATERFRONT
DUDLEY
WEST MIDLANDS
DY5 1XN
ENGLAND
Accountants
A TO Z FINANCE SOLUTIONS LTD
C/O Wework, 55 Colmore Row
Birmingham
West Midlands
England
B3 2AA
NETWORK IT 24 LIMITED
Statement of financial position
as at 31 August 2024
Cash at bank and in hand
1,267
2,424
Creditors: amounts falling due within one year
(133,792)
(105,097)
Net current (liabilities)/assets
(11,854)
67,508
Called up share capital
180
180
Profit and loss account
110,885
67,328
Shareholders' funds
111,065
67,508
For the year ending 31 August 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 1 November 2024 and were signed on its behalf by
Tanvir Manir
Director
Company Registration No. 07869745
NETWORK IT 24 LIMITED
Notes to the Accounts
for the year ended 31 August 2024
NETWORK IT 24 LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07869745. The registered office is DUDLEY COURT SOUTH, THE WATERFRONT, DUDLEY, WEST MIDLANDS, DY5 1XN, ENGLAND.
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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.
The accounts are presented in £ sterling.
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:
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Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
Additions
133,455
11,155
144,610
At 31 August 2024
133,455
11,155
144,610
Charge for the year
20,018
1,673
21,691
At 31 August 2024
20,018
1,673
21,691
At 31 August 2024
113,437
9,482
122,919
NETWORK IT 24 LIMITED
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Trade debtors
73,585
133,639
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
54,430
-
Trade creditors
38,467
43,816
Taxes and social security
6,080
20,299
Other creditors
27,492
1,150
Loans from directors
7,323
1,004
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Average number of employees
During the year the average number of employees was 16 (2023: 14).