1 September 2023 false No description of principal activity Taxfiler 2024.6 07869745business:PrivateLimitedCompanyLtd2023-09-012024-08-31 078697452023-08-31 078697452023-09-012024-08-31 07869745business:AuditExempt-NoAccountantsReport2023-09-012024-08-31 07869745business:FilletedAccounts2023-09-012024-08-31 078697452024-08-31 07869745business:Director12023-09-012024-08-31 07869745business:Director22023-09-012024-08-31 07869745business:RegisteredOffice2023-09-012024-08-31 078697452023-08-31 07869745core:WithinOneYear2024-08-31 07869745core:WithinOneYear2023-08-31 07869745core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 07869745core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 07869745core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 07869745core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 07869745core:PreviouslyStatedAmount2024-08-31 07869745core:PreviouslyStatedAmount2023-08-31 07869745business:SmallEntities2023-09-012024-08-31 07869745countries:EnglandWales2023-09-012024-08-31 07869745core:PlantMachinery2023-09-012024-08-31 07869745core:MotorVehicles2023-09-012024-08-31 07869745core:MotorVehicles2023-08-31 07869745core:ComputerEquipment2023-08-31 07869745core:ComputerEquipment2023-09-012024-08-31 07869745core:MotorVehicles2024-08-31 07869745core:ComputerEquipment2024-08-31 078697452022-09-012023-08-31 iso4217:GBP xbrli:pure
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
Page
- 2 -
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
- 3 -
NETWORK IT 24 LIMITED Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
122,919 
- 
Current assets
Inventories
45,548 
33,044 
Debtors
75,123 
137,137 
Cash at bank and in hand
1,267 
2,424 
121,938 
172,605 
Creditors: amounts falling due within one year
(133,792)
(105,097)
Net current (liabilities)/assets
(11,854)
67,508 
Net assets
111,065 
67,508 
Capital and reserves
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
- 4 -
NETWORK IT 24 LIMITED Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
15%
Motor vehicles
15%
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
- 
- 
- 
Additions
133,455 
11,155 
144,610 
At 31 August 2024
133,455 
11,155 
144,610 
Depreciation
Charge for the year
20,018 
1,673 
21,691 
At 31 August 2024
20,018 
1,673 
21,691 
Net book value
At 31 August 2024
113,437 
9,482 
122,919 
- 5 -
NETWORK IT 24 LIMITED Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,538 
- 
Trade debtors
73,585 
133,639 
Other debtors
- 
3,498 
75,123 
137,137 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
54,430 
- 
VAT
- 
38,828 
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 
133,792 
105,097 
7
Average number of employees
During the year the average number of employees was 16 (2023: 14).
- 6 -