Registered number
03607247
Span Network Solutions Limited
Filleted Accounts
31 July 2024
Span Network Solutions Limited
Registered number: 03607247
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 14,314 18,586
Current assets
Debtors 4 207,527 237,529
Cash at bank and in hand 5,623 21,878
213,150 259,407
Creditors: amounts falling due within one year 5 (257,891) (307,543)
Net current liabilities (44,741) (48,136)
Total assets less current liabilities (30,427) (29,550)
Creditors: amounts falling due after more than one year 6 (4,784) (57,096)
Net liabilities (35,211) (86,646)
Capital and reserves
Called up share capital 2 2
Profit and loss account (35,213) (86,648)
Shareholders' funds (35,211) (86,646)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R B Stratton
Director
Approved by the board on 25 November 2024
Span Network Solutions Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plant and machinery 25% reducing balance method
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 6
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 70,940
Additions 500
At 31 July 2024 71,440
Depreciation
At 1 August 2023 52,354
Charge for the year 4,772
At 31 July 2024 57,126
Net book value
At 31 July 2024 14,314
At 31 July 2023 18,586
4 Debtors 2024 2023
£ £
Trade debtors 135,816 187,032
Amounts owed by connected companies 9,376 7,975
Director's loan 50,985 22,048
Other debtors 11,350 20,474
207,527 237,529
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 63,364 72,011
Obligations under finance lease and hire purchase contracts - 4,147
Trade creditors 25,522 37,504
Amounts owed to connected companies 26,667 17,227
Taxation and social security costs 139,269 167,978
Other creditors 3,069 8,676
257,891 307,543
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 4,784 49,860
Obligations under finance lease and hire purchase contracts - 7,236
4,784 57,096
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 49,855 94,931
The loans are secured over the assets of the business.
8 Going concern
The accounts have been prepared on the going concern basis. The directors are confident that the company will remain profitable for the foreseeable future.
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
R B Stratton
Interest free and repayable on demand 22,048 28,937 - 50,985
22,048 28,937 - 50,985
10 Related party transactions
During the year the company had intercompany balances with other companies in which R B Stratton is both a director and shareholder. These were Fly Limited, RBS Tech Limited, Alpha Records Limited, DataDam Limited and Oxford Support Systems Limited.

By virtue of his control the following companies were considered to be associated companies of the company in the year ended 31 July 2024:

Oxford Support Systems Limited - Creditor of £15,746 (2023: £15,746)
RBS Tech Limited - Creditor of £10,921 (2023: £1,481)
Revoteck Limited - No intercompany transactions in the year, dormant company
11 Controlling party
The company is under the control of R B Stratton.
12 Other information
Span Network Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Abbey Street
Eynsham
Oxfordshire
OX29 4TB
Span Network Solutions Limited 03607247 false 2023-08-01 2024-07-31 2024-07-31 VT Final Accounts July 2024 R B Stratton No description of principal activity 03607247 2022-08-01 2023-07-31 03607247 core:WithinOneYear 2023-07-31 03607247 core:AfterOneYear 2023-07-31 03607247 core:ShareCapital 2023-07-31 03607247 core:RetainedEarningsAccumulatedLosses 2023-07-31 03607247 2023-08-01 2024-07-31 03607247 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 03607247 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 03607247 bus:Director40 2023-08-01 2024-07-31 03607247 1 2023-08-01 2024-07-31 03607247 2 2023-08-01 2024-07-31 03607247 core:PlantMachinery 2023-08-01 2024-07-31 03607247 bus:Director1 2023-08-01 2024-07-31 03607247 bus:Director1 1 2023-08-01 2024-07-31 03607247 countries:England 2023-08-01 2024-07-31 03607247 bus:FRS102 2023-08-01 2024-07-31 03607247 bus:FilletedAccounts 2023-08-01 2024-07-31 03607247 2024-07-31 03607247 core:WithinOneYear 2024-07-31 03607247 core:AfterOneYear 2024-07-31 03607247 core:ShareCapital 2024-07-31 03607247 core:RetainedEarningsAccumulatedLosses 2024-07-31 03607247 core:PlantMachinery 2024-07-31 03607247 bus:Director1 1 2024-07-31 03607247 2023-07-31 03607247 core:PlantMachinery 2023-07-31 03607247 bus:Director1 1 2023-07-31 iso4217:GBP xbrli:pure